MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: QFEX against Vest−0.034%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. QFEX is 0.034% cheaper against Vest than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 8.9 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSFT-USD-PERP	503.14	0.0046	pay 0.0006% / 1h	57m 17s	—	$1K	25x
Short	QFEX MSFT-USD	502.97	0.0058	get 0.0007% / 1h	57m 17s	$1.1M	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee VestbpFee QFEXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $2.65
Price spread: −0.034% → 0.000%: −$3.38
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$12.72
Costs to cover: 0.120%
Break-even: 40.6 days

Slippage unknown: Vest: no order-book sample; QFEX: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Vest no order-book sample	—	—	—	—	—
Sell QFEX live order book, 5 min ago	1.59 bp	6.6 bp −$7	8.3 bp −$83	12.5 bp −$1,247	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSFT on 34 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff MSFT-PERP	−0.1600%	1h	503.33	+0.038%	$32K	$8K	20x	as long as short
BloFin MSFT-USDT	−0.0027%	8h	503.44	+0.060%	$202K	$211K	20x	as long as short
Nado MSFT-PERP	−0.0020%	1h	502.92	−0.044%	$410K	$72K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.17	+0.205%	$166K	$118K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.22	+0.017%	$326K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.43	+0.058%	$16.3M	$20.9M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.15	+0.002%	$7.3M	$2.3M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.10	−0.008%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.20	+0.012%	$3.9M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.63	+0.097%	$1.3M	$392K	—	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	504.13	+0.197%	$6K	$3.5M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	502.97	−0.034%	$30K	$47K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	502.80	−0.068%	$702K	$523K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.27	+0.026%	$48K	$246K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.90	+0.151%	$2.3M	$906K	10x	as long as short
edgeX MSFTUSDC	+0.0002%	4h	503.56	+0.083%	$102K	$244K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0002%	1h	502.82	−0.064%	$22.5M	$9.2M	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.18	+0.008%	$1.2M	$480K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.18	+0.008%	$691K	$1.8M	20x	as long as short
Vest MSFT-USD-PERPlong	+0.0046%	1h	503.14	long leg	—	$1K	25x
Phoenix MSFT	+0.0048%	1h	502.47	−0.133%	$11K	$5K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.01	−0.026%	$318K	$677K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.16	+0.004%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	502.31	−0.165%	$532K	$382K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	502.92	−0.044%	$221	—	5x	as long as short
QFEX MSFT-USDshort	+0.0058%	1h	502.97	−0.034%	$1.1M	$4.7M	10x
OKX MSFT-USDT-SWAP	+0.0062%	8h	503.46	+0.064%	$3.2M	$2.7M	20x	as long as short
GRVT MSFT_USDT_Perp	+0.0075%	8h	503.75	+0.121%	$18K	$317K	10x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.17	+0.006%	$1.6M	$214K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.07	−0.014%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.38	+0.048%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.40	+0.052%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0190%	1h	503.02	−0.024%	$93K	$83K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.07	+0.185%	$115K	$45K	30x	as long as short