MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%

Price spread now: QFEX against SoDEX+0.016%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSFT-USD	501.51	0.0050	pay 0.0006% / 1h	21m 43s	$60K	$3K	10x
Short	QFEX MSFT-USD	501.59	0.0044	get 0.0006% / 1h	21m 43s	$1.1M	$5.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SoDEX. 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 SoDEXbpFee QFEXbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$1.18
Price spread: +0.016% → 0.000%: $1.6
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$17.58
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; QFEX: live order book, 7 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 7 min ago	1.29 bp	6.3 bp −$6	8.1 bp −$81	15.5 bp −$1,555	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0336%	4h	501.89	+0.077%	$102K	$242K	10x	as long as short
BloFin MSFT-USDT	−0.0019%	8h	501.72	+0.042%	$188K	$205K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.24	−0.054%	$685K	$453K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.42	−0.017%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.35	−0.033%	$337K	$1.0M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.47	−0.007%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.39	−0.024%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.61	+0.020%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.32	−0.038%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.55	+0.008%	$3.8M	$2.1M	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	501.86	+0.070%	$1.3M	$690K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.95	+0.088%	$19K	$289K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.38	+0.173%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.29	−0.044%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.54	+0.006%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.60	+0.018%	$2.2M	$759K	10x	as long as short
Nado MSFT-PERP	+0.0007%	1h	501.27	−0.048%	$414K	$64K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.28	−0.046%	$619K	$2.0M	20x	as long as short
QFEX MSFT-USDshort	+0.0044%	1h	501.59	+0.016%	$1.1M	$5.8M	10x
Vest MSFT-USD-PERP	+0.0046%	1h	501.53	+0.004%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.08	−0.086%	$22.2M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.22	−0.058%	$303K	$672K	10x	as long as short
SoDEX MSFT-USDlong	+0.0050%	1h	501.51	long leg	$60K	$3K	10x
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.90	−0.122%	$514K	$503K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.33	−0.036%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.70	+0.038%	$10K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0088%	1h	501.29	−0.044%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.29	−0.044%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.56	+0.010%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.46	−0.010%	$8K	—	10x	as long as short
Lighter MSFT	+0.0104%	1h	501.49	−0.004%	$1.1M	$486K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.51	−0.001%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.55	+0.008%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.82	+0.062%	$115K	$45K	30x	as long as short