MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h +0.069%

Price spread now: Arcus against QFEX−0.044%7-day average −0.018% · 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−$35as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on QFEX Short on Arcus

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)−0.002%$0 · spread now −0.044%, 7d avg −0.018%

Together, before fees+0.131%+$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: Arcus is 0.026% cheaper against QFEX than usual: you would sell low and buy high, −$3 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	QFEX MSFT-USD	503.54	0.0037	pay 0.0005% / 1h	5m 11s	$1.1M	$4.6M	10x
Short	Arcus MSFT-USD	503.32	0.0040	get 0.0005% / 1h	5m 11s	$97K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0.63
Price spread: −0.044% → −0.018%: −$2.59
Slippage, 4 orders: −$17.79
Fee QFEX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$34.25
Costs to cover: 0.323%
Break-even: 387.8 days

Slippage from QFEX: live order book, 4 min ago; Arcus: live order book, 33 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, 4 min ago	1.29 bp	6.3 bp −$6	6.3 bp −$63	11.8 bp −$1,182	doesn't fit
Sell Arcus live order book, 33 min ago	3.87 bp	10.9 bp −$11	13.6 bp −$136	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	−0.0585%	4h	503.54	0.000%	$102K	$243K	10x	as long as short
Nado MSFT-PERP	−0.0055%	1h	503.40	−0.028%	$414K	$67K	20x	as long as short
tradeXYZ xyz:MSFT	−0.0006%	1h	503.06	−0.095%	$22.4M	$8.8M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.47	−0.014%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.43	−0.023%	$339K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.54	0.000%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.28	−0.052%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.59	+0.010%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.27	−0.054%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.51	−0.006%	$3.8M	$2.9M	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	503.54	−0.001%	$1.3M	$401K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.57	+0.006%	$18K	$321K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.31	+0.153%	$6K	$3.8M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.30	−0.048%	$27K	$44K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.07	−0.093%	$687K	$454K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.39	−0.030%	$59K	$224K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.62	+0.016%	$2.2M	$817K	10x	as long as short
BloFin MSFT-USDT	+0.0012%	8h	503.61	+0.014%	$191K	$206K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.42	−0.024%	$1.2M	$532K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.36	−0.036%	$706K	$1.9M	20x	as long as short
QFEX MSFT-USDlong	+0.0037%	1h	503.54	long leg	$1.1M	$4.6M	10x
Arcus MSFT-USDshort	+0.0040%	1h	503.32	−0.044%	$97K	$110K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	503.65	+0.022%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.21	−0.066%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.31	−0.046%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.14	−0.079%	$512K	$428K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	503.44	−0.021%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.28	−0.052%	$11K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0096%	1h	503.07	−0.093%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.03	−0.101%	$1.6M	$75K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.21	−0.066%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.46	−0.016%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.48	−0.013%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.80	+0.052%	$115K	$45K	30x	as long as short