MSFT

Alert

Funding spread now, next payment 17:00 UTC−0.0442%/8h

paid, last 24h−0.036%paid, last 3 days−0.076%to open and close $10k−$35

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.076% in total (about -9.0% a year). A funding rate is set anew for every payment. 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	Arcus MSFT-USD	494.47	0.0442	pay 0.0055% / 1h	56m 48s	$112K	$48K	10x
Short	Aster MSFTUSDT	494.17	0	get 0.0000% / 8h	7h 56m	$155K	$80K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee AsterbpOrdersRate

Funding earned: −$92.87
Slippage, 4 orders: −$22.11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$127.47
Break-even: never at this rate

Slippage from Arcus: live order book, 53 min ago; Aster: live order book, 51 min ago.

Price risk

price view

Price gap now: −0.061%
Avg gap 7d: +0.051%

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 Arcus live order book, 53 min ago	2.03 bp	8.6 bp −$9	9.6 bp −$96	12.9 bp −$1,294	doesn't fit
Sell Aster live order book, 51 min ago	1.22 bp	8.8 bp −$9	doesn't fit	doesn't fit	doesn't fit

MSFT on 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX MSFTUSDC	−0.0742%	4h	$100K	$245K	10x	as long as short
Nado MSFT-PERP	−0.0028%	1h	$459K	$4K	20x	as long as short
Aster MSFTUSDTshort	0.0000%	8h	$155K	$80K	20x
Bybit MSFTUSDT	0.0000%	8h	$7.4M	$1.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$3.1M	$1.5M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.1M	$1.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	$1.2M	$705K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	$6K	$4.3M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	$27K	$108K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	$664K	$337K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX MSFT-USDT	0.0000%	8h	$58K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$525K	10x	as long as short
Bitget MSFTUSDT	+0.0002%	8h	$3.8M	$1.6M	100x	as long as short
BloFin MSFT-USDT	+0.0012%	8h	$194K	$157K	20x	as long as short
Extended MSFT_24_5-USD	+0.0016%	1h	$327K	$380K	17x	as long as short
Binance MSFTUSDT	+0.0016%	8h	$15.7M	$14.4M	20x	as long as short
Lighter MSFT	+0.0032%	1h	$1.1M	$535K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$677K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0042%	1h	$1.1M	$3.7M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
Hotstuff MSFT-PERP	+0.0048%	1h	$40K	—	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	$22.0M	$7.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$288K	$478K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	$59K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	$536K	$383K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	$218	—	5x	as long as short
Phoenix MSFT	+0.0065%	1h	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.5M	$7K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	$157K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	$54	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	$113K	$154K	30x	as long as short
Arcus MSFT-USDlong	+0.0442%	1h	$112K	$48K	10x