Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

MSFT

RWAAll MSFT markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Ondo PerpsMSFT-USD.P
517.79+0.0050pay 0.0006% / 1h16m 30s$610K$226K15xLong Ondo Perps5% off
SHORT
BingXNCSKMSFT2USD-USDT
518.16−0.0050pay 0.0050% / 8h1h 16m$995K$1.8M—Short BingX
Price gap+0.071%
Funding gap−0.0100% /8h

Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.037% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$20−0.0100% /8h now · paid −0.202% over the last 7D
Price−$4spread +0.071% now, avg +0.108% → −0.037% if it goes back
Costs−$210.206% of $10k · taker + slippage, in and out
Result−$45−0.45%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.071%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

MSFT on 35 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • OK: Fits both order books3.7 / 5.2 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$667 + —
    Ondo Perps 15x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$3.01Long Ondo Perps: 24 payments, −$1.51; short BingX: 3 payments, −$1.50.
  • Watch: Gap narrower than usual+0.071% vs +0.108%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$610K vs $995K OI
    Ondo Perps sets your exit cost. Check its book before closing.
  • OK: Points on a legOndo Perps points
    Volume here counts toward the points program.
  • Watch: KYCOndo Perps No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0096%/8h × 21 periods−$20.20
Price spread+0.071% → +0.108% (7d avg)−$3.69
Slippage, 4 orderslive order books−$5.63
Fee Ondo Perps bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$44.52
Costs to cover0.206%Break-evennever at this rate
Slippage: Ondo Perps: live order book, 45 min ago; BingX: live order book, 14 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOndo Perps0.783.7 bp−$4doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX0.105.2 bp−$59.0 bp−$9022.1 bp−$2,20581.5 bp−$40.7K

Closing costs about the same again.

Alert

MSFT news

posts that mention MSFT or Microsoft, from every exchangeSearch all news →
09-29 10:22BingXOtherMicrosoft’s AI push is giving $MSFT a lift 👀 A Copilot overhaul and plans to monetize AI agents are fueling the move. What’s behind the rally? Get the breakdown👇 @BingXOfficial on X ↗
09-26 10:40KalshiOtherJUST IN: Microsoft CEO says the "biggest issue" with AI now is whether people "trust it," not whether it works @Kalshi on X ↗
09-25 15:01Vest MarketsOtherTrade $MSFT volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗
09-25 15:01Vest MarketsOther$MSFT is up around 3.6% today, with Microsoft revamping Copilot to add coding and always-on agent tools. The update bundles Code, Cowork and an Autopilot agent into one app with Word, Excel and PowerPoint embedded, priced by usage rather than a $30 monthly add-on. Fewer than 7% of Microsoft's more than 450 million commercial Office 365 seats carry the Copilot add-on. @VestExchange on X ↗
09-23 06:40KalshiOtherJUST IN: Microsoft to give Pentagon's DARPA hands-on access to its new quantum system @Kalshi on X ↗
09-22 15:22Coinbase InternationalProductWe partnered with Microsoft to disrupt EvilTokens, an AI-powered cybercrime platform. Our team joined a global effort to dismantle its operations - investigating infrastructure, taking down domains, and helping police arrest its operators. Say goodbye to another major cybercrime operation. @coinbase on X ↗