data as of
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Funding arb /

MSFT

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC−0.0052%/8h
next payment, per $10,000−$0.07paid, last 24h+0.030%paid, last 3 days+0.071%to open and close $10k−$28
Long on QFEXShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSFT-USD492.680.0052pay 0.0007% / 1h35m 12s$1.1M$3.4M10x
ShortDeribit MSFT_USDC-PERPETUAL492.800get 0.0000% / 1h35m 12s$27K$104K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$10.97
Slippage, 4 orders
−$10.74
Fee QFEX: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$38.71
Break-even
never at this rate
Slippage from QFEX: live order book, 5 min ago; Deribit: live order book, 35 min ago.

Price risk

price view
Price gap now
+0.024%
Avg gap 7d
−0.022%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 5 min ago1.52 bp6.5 bp −$76.5 bp −$6512.2 bp −$1,221doesn't fit
Sell Deribit live order book, 35 min ago3.85 bp7.3 bp −$78.5 bp −$85doesn't fitdoesn't fit

MSFT on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Coinbase International MSFT-PERP-INTX−0.0008%1h$663K$333K10xas long as short
Nado MSFT-PERP−0.0002%1h$458K$4K20xas long as short
Aster MSFTUSDT0.0000%8h$151K$76K20xas long as short
Extended MSFT_24_5-USD0.0000%1h$327K$380K17xas long as short
Bybit MSFTUSDT0.0000%8h$7.4M$1.1M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h$3.1M$1.4M20xas long as short
Gate MSFT_USDT0.0000%8h$3.0M$1.0M100xas long as short
Bitget MSFTUSDT0.0000%8h$3.7M$1.6M100xas long as short
Variational Omni MSFT0.0000%8h$1.2M$690K—as long as short
SunX MSFT-USDT0.0000%8h$6K$3.9M20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit MSFT_USDC-PERPETUALshort0.0000%1h$27K$104K10x
HTX MSFT-USDT0.0000%8h$57K$230K20xas long as short
Phemex MSFTUSDT0.0000%8h$2.1M$483K10xas long as short
Binance MSFTUSDT+0.0001%8h$15.8M$13.1M20xas long as short
BloFin MSFT-USDT+0.0023%8h$197K$143K20xas long as short
Lighter MSFT+0.0032%1h$1.1M$529K20xas long as short
Lighter RH MSFT+0.0032%1h$677K$2.0M20xas long as short
Vest MSFT-USD-PERP+0.0046%1h——25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h$23.1M$6.1M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h$287K$472K10xas long as short
SoDEX MSFT-USD+0.0050%1h$59K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h$536K$372K15xas long as short
Paradex MSFT-USD-PERP+0.0052%8h$217—5xas long as short
QFEX MSFT-USDlong+0.0052%1h$1.1M$3.4M10x
Hotstuff MSFT-PERP+0.0056%1h$40K—20xas long as short
Phoenix MSFT+0.0065%1h$10K$15K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h$1.4M$7K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h$157K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h$8K—10xas long as short
Aevo MSFT-PERP+0.0104%1h$54—10xas long as short
Injective MSFT/USDC PERP+0.0220%1h$113K$154K30xas long as short
Arcus MSFT-USD+0.0325%1h$112K$48K10xas long as short
edgeX MSFTUSDC+0.0364%4h$100K$244K10xas long as short