Funding spread now, next payment 18:00 UTC+0.0473%/8h
next payment, per $10,000+$0.59paid, last 24h+0.013%paid, last 3 days−0.035%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 3 days it paid -0.035% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSFT-PERP | 498.75 | 0.0104 | pay 0.0013% / 1h | 3m 07s | $55 | — | 10x |
| Short | Arcus MSFT-USD | 498.69 | 0.0577 | get 0.0072% / 1h | 3m 07s | $111K | $75K | 10x |
Aevo MSFT-PERP
Arcus MSFT-USDFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- $99.34
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $78.84
- Break-even
- 1.4 days
Slippage unknown: Aevo: no order-book sample; Arcus: live order book, 36 min ago. Net counts fees only.
Price risk
price view- Price gap now
- −0.011%
- Avg gap 7d
- —
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Aevo no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 36 min ago | 0.90 bp | 3.2 bp −$3 | 7.0 bp −$70 | 13.6 bp −$1,356 | doesn't fit |
Aevo: 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 33 venues
lowest funding first. Swap a leg.| Exchange | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0202% | 4h | $101K | $244K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | $675K | $353K | 10x | as long as short |
| Nado MSFT-PERP | −0.0002% | 1h | $447K | $24K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | $157K | $80K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | $15.6M | $16.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | $3.1M | $2.1M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | $3.1M | $1.4M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | $3.7M | $1.7M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
QFEX MSFT-USD
Lighter RH MSFT
Hotstuff MSFT-PERP
Lighter MSFT
Vest MSFT-USD-PERP
Phoenix MSFT
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Ondo Perps MSFT-USD.P
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Injective MSFT/USDC PERP