MSFT

Alert

Funding spread now, next payment 19:00 UTC−0.0722%/8h

paid, last 24h−0.057%paid, last 4 days+0.025%to open and close $10k−$35

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.025% in total (about 2.1% 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	Deribit MSFT_USDC-PERPETUAL	499.40	0	get 0.0000% / 1h	50m 34s	$27K	$114K	10x
Short	edgeX MSFTUSDC	499.24	−0.0722	pay 0.0361% / 4h	1h 50m	$102K	$244K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee edgeXbpOrdersRate

Funding earned: −$151.66
Slippage, 4 orders: −$18.87
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$186.53
Break-even: never at this rate

Slippage from Deribit: live order book, 5 min ago; edgeX: live order book, 48 min ago.

Price risk

price view

Price gap now: −0.031%
Avg gap 7d: +0.034%

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 Deribit live order book, 5 min ago	0.10 bp	3.6 bp −$4	5.1 bp −$51	doesn't fit	doesn't fit
Sell edgeX live order book, 48 min ago	5.22 bp	9.9 bp −$10	12.2 bp −$122	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 MSFTUSDCshort	−0.0722%	4h	$102K	$244K	10x
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	$678K	$355K	10x	as long as short
BloFin MSFT-USDT	−0.0016%	8h	$194K	$186K	20x	as long as short
Nado MSFT-PERP	−0.0016%	1h	$448K	$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	$15.7M	$16.7M	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

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	$1.3M	$717K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	$6K	$4.3M	20x	as long as short
Deribit MSFT_USDC-PERPETUALlong	0.0000%	1h	$27K	$114K	10x
HTX MSFT-USDT	0.0000%	8h	$58K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$643K	10x	as long as short
Bitget MSFTUSDT	+0.0005%	8h	$3.7M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	$661K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	$1.2M	$4.6M	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	$21.8M	$8.6M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$302K	$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	$220	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	$510K	$451K	15x	as long as short
Lighter MSFT	+0.0072%	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	$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
Hotstuff MSFT-PERP	+0.0112%	1h	$40K	—	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	$115K	$88K	30x	as long as short
Arcus MSFT-USD	+0.0573%	1h	$111K	$75K	10x	as long as short