MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0064%/8h= −7.1% APRnext payment −$0.08 per $10,000 · paid last 24h −0.017%

Price spread now: QFEX against ApeX Omni+0.094%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on ApeX Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.094%, 7d avg +0.061%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.033% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.061%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSFTUSDT	500.77	0.0100	pay 0.0013% / 1h	37m 14s	$159K	$7K	50x
Short	QFEX MSFT-USD	501.24	0.0036	get 0.0004% / 1h	37m 14s	$1.1M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against ApeX Omni. 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 ApeX OmnibpFee QFEXbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$13.54
Price spread: +0.094% → +0.061%: $3.32
Slippage, 4 orders: −$12.58
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$42.8
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 19 min ago; QFEX: live order book, 11 min ago.

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 ApeX Omni live order book, 19 min ago	5.09 bp	10.1 bp −$10	68.3 bp −$683	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	1.20 bp	6.2 bp −$6	6.4 bp −$64	13.2 bp −$1,323	doesn't fit

MSFT on 34 venues

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
edgeX MSFTUSDC	−0.0361%	4h	501.31	+0.107%	$102K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	+0.040%	$678K	$456K	10x	as long as short
Nado MSFT-PERP	−0.0023%	1h	501.03	+0.051%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0014%	8h	501.36	+0.118%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.05	+0.056%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.24	+0.095%	$341K	$893K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.37	+0.120%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.06	+0.058%	$7.2M	$2.1M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.40	+0.126%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.24	+0.094%	$3.1M	$1.7M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.32	+0.110%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.35	+0.116%	$1.3M	$613K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.38	+0.122%	$19K	$302K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.12	+0.270%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.06	+0.058%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.17	+0.080%	$58K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.39	+0.124%	$2.2M	$779K	10x	as long as short
Hotstuff MSFT-PERP	+0.0024%	1h	500.86	+0.018%	$32K	$8K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.10	+0.066%	$674K	$2.0M	20x	as long as short
QFEX MSFT-USDshort	+0.0036%	1h	501.24	+0.094%	$1.1M	$5.5M	10x
Arcus MSFT-USD	+0.0040%	1h	501.09	+0.064%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.09	+0.064%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.07	+0.060%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.87	+0.020%	$22.1M	$8.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.92	+0.030%	$318K	$697K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.24	+0.094%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.97	+0.040%	$527K	$456K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	501.25	+0.096%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.91	+0.028%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDTlong	+0.0100%	1h	500.77	long leg	$159K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.29	+0.104%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.23	+0.092%	$55	—	10x	as long as short
Lighter MSFT	+0.0120%	1h	501.37	+0.120%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.66	+0.178%	$115K	$45K	30x	as long as short