MSFT

Alert

Funding spread now, next payment 19:00 UTC−0.0523%/8h

next payment, per $10,000−$0.65paid, last 24h−0.032%paid, last 3 days−0.067%to open and close $10k−$30

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.067% in total (about -7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.65 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	Arcus MSFT-USD	498.64	0.0573	pay 0.0072% / 1h	2m 22s	$112K	$75K	10x
Short	tradeXYZ xyz:MSFT	498.35	0.0050	get 0.0006% / 1h	2m 22s	$22.2M	$8.9M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee tradeXYZbpOrdersRate

Funding earned: −$109.92
Slippage, 4 orders: −$7.82
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$140.24
Break-even: never at this rate

Slippage from Arcus: live order book, 32 min ago; tradeXYZ: live order book, 8 min ago.

Price risk

price view

Price gap now: −0.058%
Avg gap 7d: −0.072%

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, 32 min ago	2.41 bp	5.3 bp −$5	5.4 bp −$54	10.0 bp −$999	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.60 bp	9.9 bp −$10	11.1 bp −$111	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	−0.0563%	4h	$101K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	$685K	$364K	10x	as long as short
BloFin MSFT-USDT	−0.0026%	8h	$192K	$196K	20x	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	$17.3M	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 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
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	$683K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	$656K	$2.1M	20x	as long as short
Bitget MSFTUSDT	+0.0033%	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:MSFTshort	+0.0050%	1h	$22.2M	$8.9M	20x
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	$510K	$453K	15x	as long as short
Hotstuff MSFT-PERP	+0.0064%	1h	$40K	—	20x	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 MSFTUSDT	+0.0100%	1h	$159K	$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	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	$114K	$88K	30x	as long as short
Arcus MSFT-USDlong	+0.0573%	1h	$112K	$75K	10x