MSFT

Alert

Funding spread now, next payment 19:00 UTC−0.0825%/8h

paid, last 24h+0.042%paid, last 3 days−0.066%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.066% in total (about -8.1% 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	498.48	0.0875	pay 0.0437% / 4h	1h 21m	$101K	$244K	10x
Short	SoDEX MSFT-USD	497.91	0.0050	get 0.0006% / 1h	21m 22s	$60K	$3K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee SoDEXbpOrdersRate

Funding earned: −$173.21
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$190.21
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 12 min ago; SoDEX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.114%
Avg gap 7d: —

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, 12 min ago	5.42 bp	10.0 bp −$10	12.3 bp −$123	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSFT on 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hotstuff MSFT-PERP	−0.0152%	1h	$40K	—	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	$683K	$363K	10x	as long as short
BloFin MSFT-USDT	−0.0016%	8h	$192K	$191K	20x	as long as short
Nado MSFT-PERP	−0.0002%	1h	$446K	$24K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	$156K	$86K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	$372K	$410K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	$15.6M	$17.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	$7.3M	$1.5M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$3.0M	$2.1M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.0M	$1.4M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	$1.3M	$695K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	$6K	$4.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	$58K	$231K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$662K	10x	as long as short
Bitget MSFTUSDT	+0.0024%	8h	$3.7M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	$647K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	$1.2M	$4.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
Phoenix MSFT	+0.0048%	1h	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	$22.1M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$301K	$444K	10x	as long as short
SoDEX MSFT-USDshort	+0.0050%	1h	$60K	$3K	10x
Paradex MSFT-USD-PERP	+0.0050%	8h	$219	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	$509K	$451K	15x	as long as short
Lighter MSFT	+0.0088%	1h	$1.1M	$537K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.5M	$10K	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
Deribit MSFT_USDC-PERPETUAL	+0.0132%	1h	$27K	$114K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	$114K	$88K	30x	as long as short
Arcus MSFT-USD	+0.0573%	1h	$111K	$75K	10x	as long as short
edgeX MSFTUSDClong	+0.0875%	4h	$101K	$244K	10x