Funding you earn now, next payment 02:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: QFEX against Vest−0.002%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSFT-USD-PERP | 501.26 | 0.0046 | pay 0.0006% / 1h | 35m 43s | — | $1K | 25x |
| Short | QFEX MSFT-USD | 501.25 | 0.0038 | get 0.0005% / 1h | 35m 43s | $1.2M | $5.8M | 10x |
Vest MSFT-USD-PERP
QFEX MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Vest. 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
- −$1.68
- Price spread: −0.002% → 0.000%
- −$0.2
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$13.88
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; QFEX: live order book, 3 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 Vest no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 3 min ago | 1.70 bp | 6.7 bp −$7 | 7.0 bp −$70 | 13.6 bp −$1,363 | doesn't fit |
Vest: 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 | −0.0029% | 4h | 501.29 | +0.006% | $102K | $242K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0028% | 8h | 501.33 | +0.014% | $189K | $204K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 500.87 | −0.078% | $684K | $451K | 10x | as long as short |
| Nado MSFT-PERP | −0.0013% | 1h | 501.22 | −0.007% | $414K | $64K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.0008% | 1h | 500.94 | −0.064% | $32K | $8K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.54 | +0.057% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.41 | +0.029% | $342K | $894K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.48 | +0.044% | $15.6M | $18.8M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.37 | +0.022% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.57 | +0.062% | $3.0M | $2.3M | 20x | as long as short |
edgeX MSFTUSDC
BloFin MSFT-USDT
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Hotstuff MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 501.34 | +0.016% | $3.1M | $1.6M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.50 | +0.048% | $4.3M | $2.4M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.49 | +0.045% | $1.3M | $680K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.39 | +0.026% | $19K | $295K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.33 | +0.213% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.14 | −0.024% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.42 | +0.032% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.84 | +0.116% | $2.2M | $764K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.34 | +0.016% | $619K | $2.0M | 20x | as long as short |
| QFEX MSFT-USDshort | +0.0038% | 1h | 501.25 | −0.002% | $1.2M | $5.8M | 10x | |
| Arcus MSFT-USD | +0.0040% | 1h | 501.18 | −0.016% | $97K | $109K | 10x | as long as short |
| Vest MSFT-USD-PERPlong | +0.0046% | 1h | 501.26 | long leg | — | $1K | 25x | |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.10 | −0.032% | $22.1M | $9.2M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.11 | −0.030% | $303K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.34 | +0.016% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.93 | −0.066% | $520K | $514K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.35 | +0.019% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.15 | −0.022% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.13 | −0.026% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.86 | −0.080% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.32 | +0.012% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.41 | +0.029% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0136% | 1h | 501.60 | +0.068% | $1.1M | $489K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.56 | +0.060% | $115K | $45K | 30x | as long as short |
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter RH MSFT
Arcus MSFT-USD
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP