MSFT

Alert

Funding spread now, next payment 16:00 UTC−0.0318%/8h

paid, last 24h+0.039%paid, last 7 days−0.139%to open and close $10k−$76

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.3% 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 29m	$101K	$244K	10x
Short	Phemex MSFTUSDT	495.60	0	get 0.0000% / 8h	2h 29m	$2.0M	$347K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee PhemexbpOrdersRate

Funding earned: −$66.82
Slippage, 4 orders: −$54.99
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$142.81
Break-even: never at this rate

Slippage from edgeX: live order book, 29 min ago; Phemex: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.077%
Avg gap 7d: +0.044%

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, 29 min ago	3.43 bp	8.1 bp −$8	10.3 bp −$103	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	0.10 bp	26.7 bp −$27	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
BloFin MSFT-USDT	−0.0014%	8h	$190K	$104K	20x	as long as short
Nado MSFT-PERP	−0.0011%	1h	$461K	$1K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	$663K	$319K	10x	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	$7.4M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	$7.2M	$714K	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$2.9M	$407K	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.0M	$794K	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	$1.1M	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
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	$23K	$89K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	$57K	$231K	20x	as long as short
Phemex MSFTUSDTshort	0.0000%	8h	$2.0M	$347K	10x
Lighter MSFT	+0.0032%	1h	$1.1M	$465K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$673K	$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	$23.3M	$5.3M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$300K	$234K	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	$530K	$326K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	$218	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.5M	$6K	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	$54	—	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	$113K	$49K	10x	as long as short
edgeX MSFTUSDClong	+0.0318%	4h	$101K	$244K	10x