MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h −0.001%

Price spread now: QFEX against tradeXYZ+0.068%7-day average +0.076% · you sell dearer than you buy

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−$320.316% of the position

Long on tradeXYZ Short on QFEX

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+0.001%$0 · spread now +0.068%, 7d avg +0.076%

Together, before fees−0.028%+ Points / potential airdroptradeXYZ: Active · farm board−$3 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: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSFT	500.89	0.0050	pay 0.0006% / 1h	35m 01s	$22.1M	$8.7M	20x
Short	QFEX MSFT-USD	501.23	0.0036	get 0.0004% / 1h	35m 01s	$1.2M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against tradeXYZ. 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 tradeXYZbpFee QFEXbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$3.04
Price spread: +0.068% → +0.076%: −$0.81
Slippage, 4 orders: −$3.6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$35.46
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; QFEX: 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 tradeXYZ live order book, 4 min ago	0.20 bp	10.0 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.20 bp	6.2 bp −$6	6.3 bp −$63	12.3 bp −$1,225	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	−0.0306%	4h	501.28	+0.078%	$102K	$243K	10x	as long as short
Hotstuff MSFT-PERP	−0.0064%	1h	500.91	+0.004%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	+0.016%	$678K	$456K	10x	as long as short
BloFin MSFT-USDT	−0.0022%	8h	501.40	+0.102%	$189K	$204K	20x	as long as short
Nado MSFT-PERP	−0.0020%	1h	501.04	+0.029%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.05	+0.033%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.23	+0.067%	$341K	$893K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.34	+0.089%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.06	+0.034%	$7.2M	$2.1M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.46	+0.114%	$3.0M	$2.3M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MSFT_USDT	0.0000%	8h	501.16	+0.054%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.32	+0.086%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.34	+0.089%	$1.3M	$618K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.38	+0.097%	$19K	$302K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.14	+0.250%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.01	+0.024%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.21	+0.064%	$58K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.47	+0.116%	$2.2M	$779K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.14	+0.050%	$674K	$2.0M	20x	as long as short
QFEX MSFT-USDshort	+0.0036%	1h	501.23	+0.068%	$1.2M	$5.5M	10x
Arcus MSFT-USD	+0.0040%	1h	501.10	+0.042%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.17	+0.056%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.07	+0.036%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFTlong	+0.0050%	1h	500.89	long leg	$22.1M	$8.7M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	500.93	+0.008%	$318K	$697K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.16	+0.054%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.88	−0.002%	$527K	$456K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	501.25	+0.072%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.92	+0.006%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.96	+0.014%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.29	+0.080%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.26	+0.074%	$55	—	10x	as long as short
Lighter MSFT	+0.0128%	1h	501.36	+0.094%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.66	+0.154%	$115K	$45K	30x	as long as short