Funding you earn now, next payment 11:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.003%
Price spread now: SoDEX against QFEX+0.026%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.026% dearer against QFEX than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MSFT-USD | 503.12 | 0.0058 | pay 0.0007% / 1h | 45m 13s | $1.2M | $4.7M | 10x |
| Short | SoDEX MSFT-USD | 503.25 | 0.0050 | get 0.0006% / 1h | 45m 13s | $60K | $3K | 10x |
QFEX MSFT-USD
SoDEX MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against QFEX. 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
- −$1.75
- Price spread: +0.026% → 0.000%
- $2.58
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$17.16
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: QFEX: live order book, 7 min ago; SoDEX: 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, 7 min ago | 1.89 bp | 6.9 bp −$7 | 8.7 bp −$87 | 17.1 bp −$1,709 | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | 502.70 | −0.083% | $32K | $8K | 20x | as long as short |
| edgeX MSFTUSDC | −0.0224% | 4h | 503.01 | −0.022% | $102K | $244K | 10x | as long as short |
| Nado MSFT-PERP | −0.0074% | 1h | 503.10 | −0.005% | $411K | $72K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.0014% | 1h | 502.68 | −0.087% | $531K | $382K | 15x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.07 | +0.189% | $166K | $118K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.38 | +0.052% | $326K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.55 | +0.085% | $16.4M | $21.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.29 | +0.034% | $7.3M | $2.3M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.21 | +0.018% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.56 | +0.087% | $3.9M | $2.9M | 100x | as long as short |
Hotstuff MSFT-PERP
edgeX MSFTUSDC
Nado MSFT-PERP
Ondo Perps MSFT-USD.P
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 503.01 | −0.023% | $1.3M | $396K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.15 | +0.006% | $18K | $318K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.34 | +0.242% | $6K | $3.5M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.09 | −0.006% | $30K | $47K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 503.12 | 0.000% | $701K | $527K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.37 | +0.050% | $48K | $246K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.04 | +0.183% | $2.3M | $911K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0006% | 8h | 503.60 | +0.095% | $202K | $216K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0009% | 1h | 503.08 | −0.008% | $22.4M | $9.2M | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.27 | +0.030% | $1.2M | $484K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.33 | +0.042% | $690K | $1.8M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.41 | +0.058% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.13 | +0.002% | $318K | $675K | 10x | as long as short |
| SoDEX MSFT-USDshort | +0.0050% | 1h | 503.25 | +0.026% | $60K | $3K | 10x | |
| OKX MSFT-USDT-SWAP | +0.0052% | 8h | 503.56 | +0.087% | $3.2M | $2.7M | 20x | as long as short |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 503.13 | +0.003% | $221 | — | 5x | as long as short |
| QFEX MSFT-USDlong | +0.0058% | 1h | 503.12 | long leg | $1.2M | $4.7M | 10x | |
| Phoenix MSFT | +0.0079% | 1h | 503.21 | +0.018% | $11K | $5K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.75 | −0.074% | $1.6M | $227K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.11 | −0.002% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.43 | +0.062% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.40 | +0.055% | $55 | — | 10x | as long as short |
| Arcus MSFT-USD | +0.0190% | 1h | 503.12 | 0.000% | $93K | $83K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.61 | +0.097% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
tradeXYZ xyz:MSFT
Lighter MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
OKX MSFT-USDT-SWAP
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Arcus MSFT-USD
Injective MSFT/USDC PERP