MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.007%

Price spread now: QFEX against Extended+0.015%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Extended Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.015%, 7d avg +0.005%

Together, before fees+0.005%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	504.01	0	get 0.0000% / 1h	5m 41s	$338K	$1.2M	17x
Short	QFEX MSFT-USD	504.09	0.0036	get 0.0004% / 1h	5m 41s	$1.1M	$4.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Extended. 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 ExtendedbpFee QFEXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $7.54
Price spread: +0.015% → +0.005%: $0.97
Slippage, 4 orders: −$9.37
Fee Extended: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$15.85
Costs to cover: 0.244%
Break-even: 21.7 days

Slippage from Extended: live order book, 3 min ago; QFEX: live order book, 3 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 Extended live order book, 3 min ago	0.60 bp	6.0 bp −$6	28.8 bp −$288	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	0.79 bp	5.8 bp −$6	5.9 bp −$59	12.1 bp −$1,212	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	−0.0903%	4h	504.37	+0.070%	$103K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	503.75	−0.052%	$683K	$494K	10x	as long as short
Nado MSFT-PERP	−0.0017%	1h	503.94	−0.015%	$415K	$68K	20x	as long as short
Hotstuff MSFT-PERP	−0.0016%	1h	503.66	−0.070%	$32K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.91	−0.021%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	504.01	long leg	$338K	$1.2M	17x
Binance MSFTUSDT	0.0000%	8h	504.15	+0.027%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.93	−0.017%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.10	+0.017%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.02	+0.001%	$3.1M	$1.8M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	504.17	+0.031%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.10	+0.017%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.28	+0.053%	$19K	$323K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.94	+0.184%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.09	+0.015%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.33	+0.063%	$2.2M	$815K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	503.87	−0.028%	$11K	$15K	20x	as long as short
BloFin MSFT-USDT	+0.0021%	8h	504.36	+0.069%	$189K	$207K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.90	−0.023%	$711K	$2.0M	20x	as long as short
QFEX MSFT-USDshort	+0.0036%	1h	504.09	+0.015%	$1.1M	$4.8M	10x
Arcus MSFT-USD	+0.0040%	1h	503.94	−0.015%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.08	+0.013%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.66	−0.070%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.80	−0.042%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.03	+0.003%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.83	−0.036%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0059%	8h	503.98	−0.007%	$222	—	5x	as long as short
Lighter MSFT	+0.0088%	1h	504.11	+0.019%	$1.2M	$516K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.59	−0.084%	$1.6M	$57K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.79	−0.044%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.04	+0.005%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.10	+0.016%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0107%	1h	503.92	−0.019%	$27K	$43K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.48	+0.093%	$116K	$45K	30x	as long as short