MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.068%

Price spread now: QFEX against Arcus+0.056%7-day average +0.018% · 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−$30as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Arcus Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.133%−$13 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.056%, 7d avg +0.018%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.038% dearer against Arcus than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSFT-USD	503.96	0.0040	pay 0.0005% / 1h	53m 41s	$97K	$110K	10x
Short	QFEX MSFT-USD	504.24	0.0039	get 0.0005% / 1h	53m 41s	$1.1M	$4.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Arcus. 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 ArcusbpFee QFEXbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$0.19
Price spread: +0.056% → +0.018%: $3.8
Slippage, 4 orders: −$19.43
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$30.33
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from Arcus: live order book, 54 min ago; QFEX: live order book, 5 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 Arcus live order book, 54 min ago	3.68 bp	10.0 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.29 bp	6.3 bp −$6	7.4 bp −$74	13.7 bp −$1,367	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	−0.0978%	4h	504.30	+0.067%	$103K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	−0.060%	$682K	$500K	10x	as long as short
BloFin MSFT-USDT	−0.0009%	8h	504.39	+0.085%	$190K	$207K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.05	+0.018%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.21	+0.050%	$341K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.35	+0.077%	$15.9M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.06	+0.020%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.40	+0.087%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.09	+0.026%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.06	+0.020%	$3.8M	$3.0M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	504.28	+0.063%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.96	0.000%	$19K	$326K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.13	+0.232%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.18	+0.044%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.40	+0.087%	$2.2M	$817K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	503.52	−0.087%	$11K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0016%	1h	503.91	−0.010%	$33K	$8K	20x	as long as short
Nado MSFT-PERP	+0.0024%	1h	503.93	−0.005%	$415K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.15	+0.038%	$689K	$2.0M	20x	as long as short
QFEX MSFT-USDshort	+0.0039%	1h	504.24	+0.056%	$1.1M	$4.8M	10x
Arcus MSFT-USDlong	+0.0040%	1h	503.96	long leg	$97K	$110K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	504.28	+0.063%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.88	−0.016%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.93	−0.006%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.10	+0.028%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.52	−0.087%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0060%	8h	504.19	+0.045%	$222	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.76	−0.040%	$1.6M	$58K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.48	−0.095%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.19	+0.046%	$8K	—	10x	as long as short
Lighter MSFT	+0.0104%	1h	504.34	+0.075%	$1.2M	$514K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.29	+0.065%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0187%	1h	504.22	+0.052%	$27K	$43K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.13	+0.034%	$115K	$45K	30x	as long as short