MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.11 per $10,000 · paid last 24h −0.004%

Price spread now: Coinbase International against QFEX−0.086%7-day average −0.105% · 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−$27as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.086%, 7d avg −0.105%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.105%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSFT-USD	502.14	0.0031	pay 0.0004% / 1h	31m 45s	$1.1M	$5.6M	10x
Short	Coinbase International MSFT-PERP-INTX	501.71	−0.0056	pay 0.0007% / 1h	31m 45s	$689K	$431K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$18.19
Price spread: −0.086% → −0.105%: $1.98
Slippage, 4 orders: −$9.36
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$45.58
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from QFEX: live order book, 8 min ago; Coinbase International: live order book, 17 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, 8 min ago	1.20 bp	6.2 bp −$6	6.2 bp −$62	10.9 bp −$1,092	doesn't fit
Sell Coinbase International live order book, 17 min ago	3.29 bp	8.3 bp −$8	10.1 bp −$101	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
edgeX MSFTUSDC	−0.0314%	4h	502.04	−0.020%	$102K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTXshort	−0.0056%	1h	501.71	−0.086%	$689K	$431K	10x
Aster MSFTUSDT	0.0000%	8h	501.82	−0.064%	$160K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.12	−0.004%	$371K	$368K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.16	+0.004%	$15.7M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.26	+0.024%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.20	+0.012%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.87	−0.054%	$3.1M	$1.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.03	−0.021%	$1.3M	$725K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.93	−0.041%	$18K	$341K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.92	+0.155%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.90	−0.048%	$27K	$115K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.01	−0.026%	$58K	$231K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.40	+0.052%	$2.2M	$742K	10x	as long as short
Nado MSFT-PERP	+0.0002%	1h	501.87	−0.055%	$415K	$62K	20x	as long as short
Bitget MSFTUSDT	+0.0003%	8h	502.09	−0.010%	$3.9M	$2.1M	100x	as long as short
BloFin MSFT-USDT	+0.0010%	8h	502.07	−0.014%	$190K	$208K	20x	as long as short
Hotstuff MSFT-PERP	+0.0016%	1h	501.84	−0.060%	$32K	$8K	20x	as long as short
QFEX MSFT-USDlong	+0.0031%	1h	502.14	long leg	$1.1M	$5.6M	10x
Lighter RH MSFT	+0.0032%	1h	502.04	−0.020%	$659K	$2.2M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.04	−0.020%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.80	−0.068%	$22.2M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.80	−0.068%	$304K	$676K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.11	−0.006%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	502.15	+0.002%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.56	−0.116%	$515K	$479K	15x	as long as short
Phoenix MSFT	+0.0064%	1h	501.84	−0.060%	$11K	$15K	20x	as long as short
Lighter MSFT	+0.0072%	1h	502.21	+0.014%	$1.1M	$660K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.65	−0.098%	$1.5M	$18K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.63	−0.102%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.14	0.000%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.08	−0.013%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.99	−0.030%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0301%	1h	502.13	−0.002%	$109K	$78K	10x	as long as short