MSFT

Alert

Funding spread now, next payment 15:00 UTC+0.1039%/8h

paid, last 24h+0.060%paid, last 7 days−0.028%to open and close $10k−$35

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% 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	494.59	−0.0989	get 0.0495% / 4h	1h 29m	$101K	$245K	10x
Short	Polymarket Perps MSFT-USD	493.24	0.0050	get 0.0006% / 1h	29m 06s	$288K	$415K	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 Polymarket PerpsbpOrdersRate

Funding earned: $218.22
Slippage, 4 orders: −$18.11
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $183.11
Break-even: 1.1 days

Slippage from edgeX: live order book, 25 min ago; Polymarket Perps: live order book, 25 min ago.

Price risk

price view

Price gap now: −0.272%
Avg gap 7d: −0.077%

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, 25 min ago	5.23 bp	10.0 bp −$10	12.5 bp −$125	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 25 min ago	2.11 bp	6.2 bp −$6	6.4 bp −$64	7.6 bp −$761	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	−0.1296%	1h	$40K	—	20x	as long as short
edgeX MSFTUSDClong	−0.0989%	4h	$101K	$245K	10x
Nado MSFT-PERP	−0.0017%	1h	$458K	$3K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	$662K	$328K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	$153K	$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	$12.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	$7.2M	$945K	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$3.0M	$895K	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.0M	$973K	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	$3.8M	$1.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	$1.3M	$665K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	$6K	$3.5M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	$27K	$98K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	$58K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$425K	10x	as long as short
BloFin MSFT-USDT	+0.0001%	8h	$191K	$125K	20x	as long as short
Phoenix MSFT	+0.0016%	1h	$10K	$15K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$686K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	$1.1M	$3.2M	10x	as long as short
Lighter MSFT	+0.0040%	1h	$1.1M	$523K	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	$23.2M	$5.9M	20x	as long as short
Polymarket Perps MSFT-USDshort	+0.0050%	1h	$288K	$415K	10x
SoDEX MSFT-USD	+0.0050%	1h	$59K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	$539K	$369K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	$217	—	5x	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