Funding you earn now, next payment 06:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.013%
Price spread now: Aster against QFEX−0.006%7-day average +0.030% · 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−$58as in the Price arb table
costs, in and out, $10k−$540.545% of the position
Funding, last 4 days (all we have)+0.005%+$1 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.006%, 7d avg +0.030%
=Together, before fees+0.069%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.036% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MSFT-USD | 502.62 | 0.0036 | pay 0.0004% / 1h | 48m 44s | $1.1M | $4.8M | 10x |
| Short | Aster MSFTUSDT | 502.59 | 0 | get 0.0000% / 8h | 2h 48m | $161K | $116K | 20x |
QFEX MSFT-USD
Aster MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against QFEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.54
- Price spread: −0.006% → +0.030%
- −$3.58
- Slippage, 4 orders
- −$36.48
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$65.6
- Costs to cover
- 0.545%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; Aster: live order book, 63 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, 5 min ago | 1.39 bp | 6.4 bp −$6 | 6.5 bp −$65 | 13.0 bp −$1,302 | doesn't fit |
| Sell Aster live order book, 63 min ago | 13.65 bp | 20.7 bp −$21 | 71.8 bp −$718 | 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 | −0.0922% | 4h | 503.11 | +0.098% | $102K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 502.41 | −0.042% | $684K | $454K | 10x | as long as short |
| Nado MSFT-PERP | −0.0005% | 1h | 502.47 | −0.030% | $412K | $66K | 20x | as long as short |
| Aster MSFTUSDTshort | 0.0000% | 8h | 502.59 | −0.006% | $161K | $116K | 20x | |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.69 | +0.015% | $341K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.85 | +0.046% | $15.8M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.57 | −0.010% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.08 | +0.092% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 502.55 | −0.014% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 502.84 | +0.044% | $4.4M | $2.6M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 502.78 | +0.031% | $1.3M | $493K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.91 | +0.058% | $18K | $311K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 503.60 | +0.195% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 502.48 | −0.028% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.68 | +0.012% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.19 | +0.113% | $2.2M | $791K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0008% | 8h | 502.80 | +0.036% | $190K | $205K | 20x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 502.53 | −0.018% | $11K | $15K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.53 | −0.018% | $678K | $2.0M | 20x | as long as short |
| QFEX MSFT-USDlong | +0.0036% | 1h | 502.62 | long leg | $1.1M | $4.8M | 10x | |
| Arcus MSFT-USD | +0.0040% | 1h | 502.68 | +0.012% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 502.67 | +0.010% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 502.43 | −0.038% | $22.2M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 502.44 | −0.036% | $303K | $713K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.57 | −0.010% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 502.40 | −0.044% | $512K | $463K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 502.58 | −0.007% | $221 | — | 5x | as long as short |
| Hotstuff MSFT-PERP | +0.0072% | 1h | 502.39 | −0.046% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.57 | −0.010% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.63 | +0.002% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.64 | +0.004% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 502.65 | +0.007% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0112% | 1h | 502.84 | +0.044% | $1.2M | $495K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.24 | +0.123% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Phoenix MSFT
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP