MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.019%

Price spread now: Aevo against QFEX−0.055%46s7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Aevo is 0.055% cheaper against QFEX than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.0 days of funding at the current rate (+$1 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSFT-USD	504.86	0.0058	pay 0.0007% / 1h	3m 22s	$1.2M	$4.7M	10x
Short	Aevo MSFT-PERP	504.58	0.0104	get 0.0013% / 1h	3m 22s	$56	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against QFEX. 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 QFEXbpFee AevobpOrdersPrice spread, now −0.055%Rate

Funding earned: $9.59
Price spread: −0.055% → 0.000%: −$5.5
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$21.91
Costs to cover: 0.260%
Break-even: 23.0 days

Slippage unknown: QFEX: live order book, 3 min ago; Aevo: no order-book sample. 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 QFEX live order book, 3 min ago	1.29 bp	6.3 bp −$6	6.3 bp −$63	11.1 bp −$1,108	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 exchanges

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
Hotstuff MSFT-PERP	−0.1600%	1h	504.67	−0.038%	$33K	$8K	20x	as long as short
edgeX MSFTUSDC	−0.0420%	4h	504.94	+0.016%	$103K	$244K	10x	as long as short
Nado MSFT-PERP	−0.0027%	1h	504.59	−0.054%	$412K	$72K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.73	−0.025%	$166K	$118K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.86	+0.001%	$328K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.93	+0.013%	$16.3M	$21.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.61	−0.050%	$7.3M	$2.4M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.66	−0.040%	$3.1M	$2.0M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.67	−0.038%	$4.0M	$3.1M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.90	+0.008%	$1.3M	$410K	—	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	504.94	+0.017%	$19K	$326K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.87	+0.200%	$6K	$3.5M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	504.00	−0.170%	$712K	$657K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.87	+0.002%	$49K	$247K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	505.10	+0.048%	$2.3M	$942K	10x	as long as short
BloFin MSFT-USDT	+0.0027%	8h	505.10	+0.048%	$203K	$222K	20x	as long as short
Lighter MSFT	+0.0032%	1h	504.70	−0.032%	$1.2M	$526K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.72	−0.028%	$729K	$1.9M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.81	−0.010%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	504.42	−0.087%	$22.4M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	504.57	−0.057%	$319K	$675K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.76	−0.020%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	504.48	−0.075%	$530K	$408K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	504.73	−0.025%	$222	—	5x	as long as short
QFEX MSFT-USDlong	+0.0058%	1h	504.86	long leg	$1.2M	$4.7M	10x
OKX MSFT-USDT-SWAP	+0.0059%	8h	504.98	+0.024%	$3.2M	$2.8M	20x	as long as short
Phoenix MSFT	+0.0079%	1h	504.72	−0.028%	$11K	$5K	20x	as long as short
KuCoin MSFTUSDTM	+0.0087%	8h	504.37	−0.097%	$1.6M	$274K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	504.60	−0.051%	$161K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.72	−0.028%	$8K	—	10x	as long as short
Aevo MSFT-PERPshort	+0.0104%	1h	504.58	−0.055%	$56	—	10x
Arcus MSFT-USD	+0.0190%	1h	504.66	−0.040%	$94K	$83K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.69	−0.034%	$116K	$45K	30x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0583%	1h	504.84	−0.004%	$30K	$47K	10x	as long as short