data as of
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Funding arb /

MSFT

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Funding spread now, next payment 18:00 UTC+0.0004%/8h
next payment, per $10,000+$0.00paid, last 24h+0.003%paid, last 3 days+0.054%to open and close $10k−$16
Long on QFEXShort on Lighter RH
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSFT-USD497.380.0028pay 0.0004% / 1h27m 38s$1.2M$4.4M10x
ShortLighter RH MSFT497.230.0032get 0.0004% / 1h27m 38s$668K$2.1M20x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$0.74
Slippage, 4 orders
−$6.36
Fee QFEX: 5 bp × 2 orders
−$10
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$15.63
Break-even
155.0 days
Slippage from QFEX: live order book, 7 min ago; Lighter RH: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.030%
Avg gap 7d
−0.048%
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, 7 min ago1.11 bp6.1 bp −$66.7 bp −$6711.2 bp −$1,117doesn't fit
Sell Lighter RH live order book, 2 min ago0.40 bp2.6 bp −$34.2 bp −$4238.2 bp −$3,819doesn't fit

MSFT on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
edgeX MSFTUSDC−0.0895%4h$101K$245K10xas long as short
Coinbase International MSFT-PERP-INTX−0.0056%1h$675K$347K10xas long as short
Aster MSFTUSDT0.0000%8h$156K$80K20xas long as short
Extended MSFT_24_5-USD0.0000%1h$372K$410K17xas long as short
Binance MSFTUSDT0.0000%8h$15.7M$16.2M20xas long as short
Bybit MSFTUSDT0.0000%8h$7.3M$1.5M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h$3.0M$2.1M20xas long as short
Gate MSFT_USDT0.0000%8h$3.1M$1.3M100xas long as short
Bitget MSFTUSDT0.0000%8h$3.7M$1.7M100xas long as short
Variational Omni MSFT0.0000%8h$1.3M$719K—as long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
SunX MSFT-USDT0.0000%8h$6K$4.4M20xas long as short
HTX MSFT-USDT0.0000%8h$58K$231K20xas long as short
Phemex MSFTUSDT0.0000%8h$2.1M$609K10xas long as short
Nado MSFT-PERP+0.0002%1h$462K$5K20xas long as short
BloFin MSFT-USDT+0.0002%8h$191K$177K20xas long as short
Hotstuff MSFT-PERP+0.0016%1h$40K—20xas long as short
QFEX MSFT-USDlong+0.0028%1h$1.2M$4.4M10x
Lighter MSFT+0.0032%1h$1.1M$542K20xas long as short
Lighter RH MSFTshort+0.0032%1h$668K$2.1M20x
Vest MSFT-USD-PERP+0.0046%1h——25xas long as short
Phoenix MSFT+0.0048%1h$10K$15K20xas long as short
tradeXYZ xyz:MSFT+0.0050%1h$21.9M$8.5M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h$301K$444K10xas long as short
SoDEX MSFT-USD+0.0050%1h$60K$3K10xas long as short
Paradex MSFT-USD-PERP+0.0050%8h$219—5xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h$509K$450K15xas long as short
KuCoin MSFTUSDTM+0.0100%8h$1.5M$10K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h$158K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h$8K—10xas long as short
Aevo MSFT-PERP+0.0104%1h$55—10xas long as short
Deribit MSFT_USDC-PERPETUAL+0.0152%1h$27K$113K10xas long as short
Injective MSFT/USDC PERP+0.0220%1h$114K$125K30xas long as short
Arcus MSFT-USD+0.0577%1h$111K$75K10xas long as short