MSFT

Alert

Funding spread now, next payment 14:00 UTC−0.0286%/8h

paid, last 24h+0.059%paid, last 7 days−0.036%to open and close $10k−$27

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% 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	495.22	0.0318	pay 0.0159% / 4h	2h 30m	$101K	$244K	10x
Short	Lighter MSFT	495.61	0.0032	get 0.0004% / 1h	30m 48s	$1.1M	$463K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee LighterbpOrdersRate

Funding earned: −$60.1
Slippage, 4 orders: −$17.76
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$86.86
Break-even: never at this rate

Slippage from edgeX: live order book, 28 min ago; Lighter: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.079%
Avg gap 7d: −0.018%

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, 28 min ago	3.43 bp	8.1 bp −$8	10.3 bp −$103	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	1.01 bp	2.7 bp −$3	5.7 bp −$57	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
BloFin MSFT-USDT	−0.0014%	8h	$190K	$104K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	$665K	$315K	10x	as long as short
Nado MSFT-PERP	−0.0007%	1h	$460K	$1K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	$150K	$4K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	$335K	$365K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	$15.8M	$7.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	$7.2M	$690K	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$2.9M	$398K	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.0M	$791K	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	$3.6M	$1.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	$1.3M	$620K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	$6K	$2.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	$57K	$231K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.0M	$345K	10x	as long as short
Lighter MSFTshort	+0.0032%	1h	$1.1M	$463K	20x
Lighter RH MSFT	+0.0032%	1h	$674K	$2.6M	20x	as long as short
Phoenix MSFT	+0.0032%	1h	$10K	$15K	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	$1.2M	$2.9M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	$23.4M	$5.2M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$289K	$212K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	$59K	$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	$530K	$325K	15x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0093%	1h	$23K	$89K	10x	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	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	$113K	$173K	30x	as long as short
Arcus MSFT-USD	+0.0298%	1h	$112K	$49K	10x	as long as short
edgeX MSFTUSDClong	+0.0318%	4h	$101K	$244K	10x