MSFT

Alert

Funding spread now, next payment 20:00 UTC+0.0755%/8h

paid, last 24h+0.027%paid, last 7 days−0.084%to open and close $10k−$57

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.084% in total (about -4.4% 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	edgeX MSFTUSDC	496.68	−0.0755	get 0.0378% / 4h	2h 58m	$101K	$245K	10x
Short	Aster MSFTUSDT	496.74	0	get 0.0000% / 8h	6h 58m	$156K	$80K	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee AsterbpOrdersRate

Funding earned: $158.58
Slippage, 4 orders: −$40.43
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $101.15
Break-even: 2.5 days

Slippage from edgeX: live order book, 45 min ago; Aster: live order book, 44 min ago.

Price risk

price view

Price gap now: +0.011%
Avg gap 7d: +0.019%

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 edgeX live order book, 45 min ago	5.16 bp	9.8 bp −$10	12.0 bp −$120	doesn't fit	doesn't fit
Sell Aster live order book, 44 min ago	10.01 bp	16.4 bp −$16	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
Hotstuff MSFT-PERP	−0.1600%	1h	$40K	—	20x	as long as short
edgeX MSFTUSDClong	−0.0755%	4h	$101K	$245K	10x
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	$668K	$343K	10x	as long as short
Nado MSFT-PERP	−0.0023%	1h	$461K	$5K	20x	as long as short
Aster MSFTUSDTshort	0.0000%	8h	$156K	$80K	20x
Extended MSFT_24_5-USD	0.0000%	1h	$329K	$380K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	$15.6M	$15.4M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	$7.3M	$1.4M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$3.0M	$1.7M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.1M	$1.3M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	$3.7M	$1.7M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	$1.3M	$714K	—	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	$113K	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	$585K	10x	as long as short
BloFin MSFT-USDT	+0.0008%	8h	$190K	$171K	20x	as long as short
Lighter MSFT	+0.0032%	1h	$1.1M	$540K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$667K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0042%	1h	$1.1M	$4.2M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	$22.2M	$7.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$301K	$443K	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	$218	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	$505K	$434K	15x	as long as short
Phoenix MSFT	+0.0065%	1h	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.5M	$9K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	$158K	$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	$125K	30x	as long as short
Arcus MSFT-USD	+0.0442%	1h	$112K	$52K	10x	as long as short