MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h −0.003%

Price spread now: QFEX against SoDEX+0.008%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on QFEX

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

The price spread sits at zero (this spread has no 7-day history yet), 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	SoDEX MSFT-USD	504.18	0.0050	pay 0.0006% / 1h	36m 34s	$61K	$3K	10x
Short	QFEX MSFT-USD	504.22	0.0023	get 0.0003% / 1h	36m 34s	$1.1M	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SoDEX. 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 SoDEXbpFee QFEXbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$5.75
Price spread: +0.008% → 0.000%: $0.79
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$22.95
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; QFEX: live order book, 7 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 7 min ago	0.79 bp	5.8 bp −$6	6.3 bp −$63	13.2 bp −$1,319	doesn't fit

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 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
Hotstuff MSFT-PERP	−0.0168%	1h	503.92	−0.052%	$33K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	503.83	−0.069%	$682K	$494K	10x	as long as short
Nado MSFT-PERP	−0.0052%	1h	504.11	−0.014%	$415K	$67K	20x	as long as short
BloFin MSFT-USDT	−0.0017%	8h	504.46	+0.056%	$192K	$205K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.36	+0.035%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.19	+0.002%	$339K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.32	+0.028%	$15.9M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.05	−0.026%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.32	+0.028%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.03	−0.030%	$3.1M	$1.9M	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	504.26	+0.016%	$3.9M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.05	−0.025%	$1.3M	$387K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.34	+0.032%	$18K	$316K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.23	+0.208%	$6K	$3.6M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.32	+0.028%	$59K	$224K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.58	+0.079%	$2.2M	$830K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	504.13	−0.010%	$11K	$15K	20x	as long as short
QFEX MSFT-USDshort	+0.0023%	1h	504.22	+0.008%	$1.1M	$4.7M	10x
Lighter MSFT	+0.0032%	1h	504.09	−0.018%	$1.2M	$511K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.03	−0.030%	$696K	$1.9M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	504.00	−0.036%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.33	+0.030%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.88	−0.060%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.66	−0.103%	$303K	$654K	10x	as long as short
SoDEX MSFT-USDlong	+0.0050%	1h	504.18	long leg	$61K	$3K	10x
Ondo Perps MSFT-USD.P	+0.0050%	1h	504.03	−0.030%	$514K	$411K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	504.06	−0.023%	$222	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.91	−0.054%	$1.6M	$107K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.91	−0.054%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.33	+0.030%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.24	+0.013%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0167%	1h	504.28	+0.020%	$27K	$44K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	505.94	+0.349%	$116K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0695%	4h	504.34	+0.031%	$103K	$243K	10x	as long as short