MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h +0.068%

Price spread now: Arcus against QFEX−0.016%7-day average −0.018% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on QFEX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.133%+$13 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.016%, 7d avg −0.018%

Together, before fees+0.095%+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSFT-USD	503.61	0.0039	pay 0.0005% / 1h	25m 07s	$1.1M	$4.8M	10x
Short	Arcus MSFT-USD	503.53	0.0040	get 0.0005% / 1h	25m 07s	$97K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0.19
Price spread: −0.016% → −0.018%: $0.17
Slippage, 4 orders: −$17.57
Fee QFEX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$31.71
Costs to cover: 0.321%
Break-even: 1158.7 days

Slippage from QFEX: live order book, 9 min ago; Arcus: live order book, 18 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 QFEX live order book, 9 min ago	1.19 bp	6.2 bp −$6	6.4 bp −$64	13.8 bp −$1,378	doesn't fit
Sell Arcus live order book, 18 min ago	3.38 bp	11.0 bp −$11	13.7 bp −$137	doesn't fit	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
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	+0.010%	$682K	$500K	10x	as long as short
Hotstuff MSFT-PERP	−0.0016%	1h	503.17	−0.087%	$32K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.36	−0.049%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.56	−0.010%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.64	+0.006%	$15.8M	$19.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.33	−0.056%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.75	+0.028%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.58	−0.006%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.68	+0.014%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.61	0.000%	$1.3M	$499K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	503.88	+0.054%	$19K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.42	+0.161%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.68	+0.014%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.76	+0.030%	$2.2M	$822K	10x	as long as short
BloFin MSFT-USDT	+0.0004%	8h	503.71	+0.020%	$191K	$206K	20x	as long as short
Nado MSFT-PERP	+0.0017%	1h	503.26	−0.069%	$414K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.33	−0.056%	$701K	$2.0M	20x	as long as short
QFEX MSFT-USDlong	+0.0039%	1h	503.61	long leg	$1.1M	$4.8M	10x
Arcus MSFT-USDshort	+0.0040%	1h	503.53	−0.016%	$97K	$110K	10x
Vest MSFT-USD-PERP	+0.0046%	1h	503.64	+0.006%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.27	−0.068%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.37	−0.048%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.53	−0.016%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.25	−0.071%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	503.46	−0.030%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.38	−0.046%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.11	−0.099%	$1.6M	$60K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.50	−0.022%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.57	−0.008%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.54	−0.014%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0128%	1h	503.40	−0.042%	$27K	$43K	10x	as long as short
Lighter MSFT	+0.0136%	1h	503.59	−0.004%	$1.2M	$514K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.21	+0.119%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0931%	4h	503.77	+0.031%	$102K	$242K	10x	as long as short