MSFT

Alert

Funding spread now, next payment 19:00 UTC−0.0104%/8h

paid, last 24h−0.028%paid, last 3 days−0.141%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSFT-PERP	498.14	0.0104	pay 0.0013% / 1h	20m 18s	$55	—	10x
Short	Variational Omni MSFT	498.07	0	get 0.0000% / 8h	5h 20m	$1.3M	$704K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AevobpFee Variational OmnibpOrdersRate

Funding earned: −$21.84
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$37.84
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.013%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aevo no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	2.74 bp	doesn't fit	9.6 bp −$96	doesn't fit	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
Hotstuff MSFT-PERP	−0.0152%	1h	$40K	—	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	$683K	$363K	10x	as long as short
BloFin MSFT-USDT	−0.0016%	8h	$192K	$191K	20x	as long as short
Nado MSFT-PERP	0.0000%	1h	$446K	$24K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	$156K	$86K	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	$17.0M	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	$3.0M	$2.1M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.0M	$1.4M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni MSFTshort	0.0000%	8h	$1.3M	$704K	—
SunX MSFT-USDT	0.0000%	8h	$6K	$4.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	$58K	$231K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$663K	10x	as long as short
Bitget MSFTUSDT	+0.0025%	8h	$3.7M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	$647K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	$1.2M	$4.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
Phoenix MSFT	+0.0048%	1h	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	$22.1M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$301K	$444K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	$219	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	$509K	$451K	15x	as long as short
Lighter MSFT	+0.0080%	1h	$1.1M	$537K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.5M	$10K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	$158K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	$8K	—	10x	as long as short
Aevo MSFT-PERPlong	+0.0104%	1h	$55	—	10x
Deribit MSFT_USDC-PERPETUAL	+0.0112%	1h	$27K	$114K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	$114K	$88K	30x	as long as short
Arcus MSFT-USD	+0.0573%	1h	$111K	$75K	10x	as long as short
edgeX MSFTUSDC	+0.0875%	4h	$101K	$244K	10x	as long as short