MSFT

Alert

Funding spread now, next payment 15:00 UTC+0.0303%/8h

paid, last 24h+0.050%paid, last 7 days−0.070%to open and close $10k−$25

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.7% 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	494.04	−0.0271	get 0.0136% / 4h	1h 23m	$101K	$243K	10x
Short	Lighter RH MSFT	493.83	0.0032	get 0.0004% / 1h	23m 10s	$688K	$2.1M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee Lighter RHbpOrdersRate

Funding earned: $63.7
Slippage, 4 orders: −$15.74
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $38.96
Break-even: 2.7 days

Slippage from edgeX: live order book, 31 min ago; Lighter RH: live order book, 1 min ago.

Price risk

price view

Price gap now: −0.042%
Avg gap 7d: −0.061%

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, 31 min ago	5.23 bp	10.0 bp −$10	12.5 bp −$125	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.82 bp	1.8 bp −$2	4.1 bp −$41	37.8 bp −$3,781	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	−0.1016%	1h	$40K	—	20x	as long as short
edgeX MSFTUSDClong	−0.0271%	4h	$101K	$243K	10x
BloFin MSFT-USDT	−0.0027%	8h	$191K	$128K	20x	as long as short
Nado MSFT-PERP	−0.0016%	1h	$458K	$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	$957K	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	$981K	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
HTX MSFT-USDT	0.0000%	8h	$57K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$433K	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0013%	1h	$27K	$99K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	$10K	$15K	20x	as long as short
Lighter RH MSFTshort	+0.0032%	1h	$688K	$2.1M	20x
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:MSFT	+0.0050%	1h	$23.1M	$5.9M	20x	as long as short
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	$370K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	$217	—	5x	as long as short
Lighter MSFT	+0.0056%	1h	$1.1M	$525K	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