MSFT

Alert

Funding spread now, next payment 15:00 UTC+0.0050%/8h

next payment, per $10,000+$0.06paid, last 24h−0.019%paid, last 4 days−0.038%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MSFT_USDC-PERPETUAL	493.65	0	get 0.0000% / 1h	21m 51s	$27K	$99K	10x
Short	tradeXYZ xyz:MSFT	493.46	0.0050	get 0.0006% / 1h	21m 51s	$23.1M	$5.9M	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee tradeXYZbpOrdersRate

Funding earned: $10.5
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$14.5
Break-even: 16.7 days

Slippage unknown: Deribit: no order-book sample; tradeXYZ: live order book, 8 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.038%
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 Deribit no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 8 min ago	0.41 bp	9.8 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit

Deribit: 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	−0.0856%	1h	$40K	—	20x	as long as short
edgeX MSFTUSDC	−0.0271%	4h	$101K	$243K	10x	as long as short
BloFin MSFT-USDT	−0.0027%	8h	$191K	$128K	20x	as long as short
Nado MSFT-PERP	−0.0017%	1h	$459K	$3K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	$662K	$330K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	$156K	$63K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	$329K	$380K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	$15.7M	$12.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	$7.2M	$958K	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$3.0M	$1.3M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate MSFT_USDT	0.0000%	8h	$3.0M	$983K	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	$3.8M	$1.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	$1.2M	$721K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	$6K	$3.6M	20x	as long as short
Deribit MSFT_USDC-PERPETUALlong	0.0000%	1h	$27K	$99K	10x
HTX MSFT-USDT	0.0000%	8h	$57K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$434K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	$10K	$15K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$687K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	$1.1M	$3.2M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:MSFTshort	+0.0050%	1h	$23.1M	$5.9M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	$288K	$418K	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	$539K	$372K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	$217	—	5x	as long as short
Lighter MSFT	+0.0064%	1h	$1.1M	$526K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.5M	$6K	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
Arcus MSFT-USD	+0.0151%	1h	$112K	$49K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	$113K	$184K	30x	as long as short