MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.018%

Price spread now: ApeX Omni against QFEX−0.046%7-day average −0.061% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on QFEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.084%+$8 on $10k

Price spread, last 3 days (all we have)−0.018%−$2 · spread now −0.046%, 7d avg −0.061%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSFT-USD	501.91	0.0044	pay 0.0006% / 1h	47m 05s	$1.1M	$5.9M	10x
Short	ApeX Omni MSFTUSDT	501.68	0.0100	get 0.0013% / 1h	47m 05s	$160K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against QFEX. 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 QFEXbpFee ApeX OmnibpOrdersPrice spread, now −0.046%Rate

Funding earned: $11.68
Price spread: −0.046% → −0.061%: $1.49
Slippage, 4 orders: −$13.95
Fee QFEX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$20.78
Costs to cover: 0.340%
Break-even: 19.5 days

Slippage from QFEX: live order book, 7 min ago; ApeX Omni: live order book, 24 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 QFEX live order book, 7 min ago	1.79 bp	6.8 bp −$7	8.7 bp −$87	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 24 min ago	5.09 bp	10.1 bp −$10	65.5 bp −$655	doesn't fit	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	−0.0073%	4h	502.20	+0.058%	$102K	$243K	10x	as long as short
BloFin MSFT-USDT	−0.0029%	8h	502.12	+0.042%	$187K	$207K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.57	−0.068%	$680K	$450K	10x	as long as short
Nado MSFT-PERP	−0.0008%	1h	501.85	−0.011%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.07	+0.032%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.02	+0.021%	$343K	$597K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.10	+0.038%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.12	+0.042%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.27	+0.072%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.86	−0.010%	$3.1M	$1.6M	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	502.13	+0.044%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.14	+0.045%	$1.3M	$690K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.15	+0.047%	$19K	$293K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.88	+0.193%	$6K	$4.2M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.85	−0.012%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.98	+0.014%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.27	+0.072%	$2.2M	$753K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.96	+0.010%	$619K	$2.0M	20x	as long as short
Hotstuff MSFT-PERP	+0.0040%	1h	501.81	−0.020%	$32K	$8K	20x	as long as short
QFEX MSFT-USDlong	+0.0044%	1h	501.91	long leg	$1.1M	$5.9M	10x
Vest MSFT-USD-PERP	+0.0046%	1h	501.90	−0.002%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.78	−0.026%	$22.3M	$9.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.72	−0.038%	$303K	$673K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.01	+0.020%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.59	−0.064%	$529K	$491K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	502.01	+0.020%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.96	+0.010%	$10K	$15K	20x	as long as short
Lighter MSFT	+0.0088%	1h	502.22	+0.062%	$1.1M	$486K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.85	−0.012%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDTshort	+0.0100%	1h	501.68	−0.046%	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.01	+0.020%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.99	+0.015%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.97	+0.012%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.20	+0.058%	$115K	$45K	30x	as long as short