MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.02 per $10,000 · paid last 24h 0.000%

Price spread now: tradeXYZ against QFEX−0.062%7-day average −0.076% · 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−$330.330% of the position

Long on QFEX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.029%+$3 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.062%, 7d avg −0.076%

Together, before fees+0.025%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.076%, 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	QFEX MSFT-USD	501.20	0.0030	pay 0.0004% / 1h	23m 50s	$1.1M	$5.6M	10x
Short	tradeXYZ xyz:MSFT	500.89	0.0050	get 0.0006% / 1h	23m 50s	$22.1M	$8.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.062%Rate

Funding earned: $4.18
Price spread: −0.062% → −0.076%: $1.41
Slippage, 4 orders: −$4.96
Fee QFEX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$27.36
Costs to cover: 0.330%
Break-even: 52.8 days

Slippage from QFEX: live order book, 5 min ago; tradeXYZ: live order book, 4 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, 5 min ago	1.89 bp	6.9 bp −$7	7.4 bp −$74	13.7 bp −$1,372	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.10 bp	9.6 bp −$10	doesn't fit	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	−0.0517%	4h	501.54	+0.069%	$102K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	500.91	−0.058%	$678K	$457K	10x	as long as short
Nado MSFT-PERP	−0.0035%	1h	501.17	−0.006%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0008%	8h	501.57	+0.074%	$189K	$203K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.56	+0.072%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.18	−0.004%	$337K	$892K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.29	+0.017%	$15.7M	$18.9M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.17	−0.006%	$7.3M	$1.8M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.52	+0.064%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.20	0.000%	$3.1M	$1.7M	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	501.47	+0.054%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.44	+0.048%	$1.3M	$650K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.68	+0.096%	$19K	$297K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.09	+0.178%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	500.99	−0.042%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.16	−0.008%	$58K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.34	+0.028%	$2.2M	$769K	10x	as long as short
QFEX MSFT-USDlong	+0.0030%	1h	501.20	long leg	$1.1M	$5.6M	10x
Lighter RH MSFT	+0.0032%	1h	501.14	−0.012%	$685K	$2.0M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.29	+0.018%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.39	+0.038%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFTshort	+0.0050%	1h	500.89	−0.062%	$22.1M	$8.9M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	500.94	−0.052%	$301K	$648K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.18	−0.004%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.01	−0.038%	$524K	$495K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0060%	8h	501.21	+0.002%	$221	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	501.44	+0.048%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.26	+0.012%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.13	−0.014%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.31	+0.022%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.22	+0.004%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0128%	1h	500.95	−0.050%	$32K	$8K	20x	as long as short
Lighter MSFT	+0.0176%	1h	501.46	+0.052%	$1.1M	$459K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.86	+0.132%	$115K	$45K	30x	as long as short