MSFT

Alert

Funding spread now, next payment 19:00 UTC−0.0050%/8h

next payment, per $10,000−$0.06paid, last 24h−0.015%paid, last 3 days−0.166%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSFTUSDT	498.90	0.0100	pay 0.0013% / 1h	7m 16s	$159K	$7K	50x
Short	SoDEX MSFT-USD	498.96	0.0050	get 0.0006% / 1h	7m 16s	$60K	$3K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee SoDEXbpOrdersRate

Funding earned: −$10.5
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$28.5
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 25 min ago; SoDEX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.012%
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 ApeX Omni live order book, 25 min ago	5.12 bp	10.1 bp −$10	66.0 bp −$660	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	$685K	$364K	10x	as long as short
Nado MSFT-PERP	−0.0004%	1h	$446K	$25K	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	$17.2M	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
Variational Omni MSFT	0.0000%	8h	$1.3M	$704K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	$6K	$4.4M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	$27K	$114K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	$58K	$231K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$678K	10x	as long as short
BloFin MSFT-USDT	+0.0007%	8h	$192K	$195K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$657K	$2.1M	20x	as long as short
Bitget MSFTUSDT	+0.0032%	8h	$3.7M	$1.8M	100x	as long as short
QFEX MSFT-USD	+0.0044%	1h	$1.2M	$5.0M	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	$22.2M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$302K	$444K	10x	as long as short
SoDEX MSFT-USDshort	+0.0050%	1h	$60K	$3K	10x
Paradex MSFT-USD-PERP	+0.0050%	8h	$220	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	$510K	$453K	15x	as long as short
Lighter MSFT	+0.0072%	1h	$1.1M	$548K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.5M	$11K	20x	as long as short
ApeX Omni MSFTUSDTlong	+0.0100%	1h	$159K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0112%	1h	$40K	—	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	$114K	$88K	30x	as long as short
Arcus MSFT-USD	+0.0573%	1h	$112K	$75K	10x	as long as short
edgeX MSFTUSDC	+0.0640%	4h	$102K	$243K	10x	as long as short