TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
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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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG525.1600.0000% / 8h3h 05m$5K$709K20xLong SunX≤10% back
SHORT523.44−0.0354pay 0.0044% / 1h5m 56s$25K$201K15xShort Reya
Price gap−0.327%
Funding gap−0.0354% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $11 a day and eats that in about 6 hours. At the last 7 days' pace that is about 4.2 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$4−0.0354% /8h now · paid −0.042% over the last 7D
Price+$3spread −0.327% now, avg −0.352% → +0.025% if it goes back
Costsno datano order book for Reya
Result, before costs−$2−0.02%+ Points / potential airdropReya: points · farm boardcosts unknown: no order book for Reya · What the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.042% in total, about −0.0020%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.327%
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 39 exchanges

lowest funding first

Before you open

3 ok · 2 to watch
  • Note: Order book unknown—
    No order-book sample for Reya: its slippage is not counted.
  • Note: Margin at max leverage$500 + $667
    SunX 20x, Reya 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$10.63Long SunX: 3 payments, $0.00; short Reya: 24 payments, −$10.63.
  • OK: Entry gap works for you−0.327% vs −0.352%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$5K vs $25K OI
    SunX sets your exit cost. Check its book before closing.
  • OK: Points on a legReya points
    Volume here counts toward the points program.
  • OK: No KYC on either legSunX No · Reya No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0020%/8h × 21 periods−$4.24
Price spread−0.327% → −0.352% (7d avg)+$2.52
Slippage, 4 ordersno data for Reya—
Fee SunX bp × 2 orders−$8.00
Fee Reya bp × 2 orders−$6.00
Net, fees only · 7 days · $10k−$15.72
Costs to cover0.140%Break-evennever at this rate
Slippage: SunX: live order book, 61 min ago; Reya: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGSunX29.13111.7 bp−$112doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTReya—————

Closing costs about the same again.
Reya: no data.

Alert

MSFT news

posts that mention MSFT or Microsoft, from every exchangeSearch all news →
10-30 18:30KalshiOtherJUST IN: Microsoft expects fewer than 3,000 employees to accept buyouts @Kalshi on X ↗
10-29 15:13BingXOtherMicrosoft's AI cloud business grew 48% in one year. The stock is up 3% before the open. Your outlook on AI stocks? $MSFT @BingXOfficial on X ↗
10-29 11:54KalshiOtherJUST IN: Microsoft eyes raising up to $25 billion from US bond sale @Kalshi on X ↗
10-29 09:00MEXCOther🤖 Same AI bet, opposite market reactions. 🟢 $MSFT: +4% | Cloud revenue +30% 🔴 $GOOGL: -8% | Free cash flow -$9.07B Tech companies spend big on AI, but investors reward returns. Who's winning the AI race? 👇 @MEXC on X ↗
10-29 02:30MEXCOtherSame earnings day. Very different candles. 👀 $GOOGL: 🟢 Google Cloud revenue: +103% YoY 🔴 Free cash flow: -$9.1B $MSFT: 🟢 Azure revenue: +48% YoY 🟢 Free cash flow: +$18.6B Will the split hold into the U.S. open? 👇 #MEXC @MEXC on X ↗
10-28 20:30Markets by KinetiqOtherTrade $GOOGL & $MSFT 24/7 on @Markets_xyz on X ↗