MSFT

Alert

Funding spread now, next payment 16:00 UTC+0.0200%/8h

paid, last 24h+0.005%paid, last 3 days+0.183%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff MSFT-PERP	492.83	0.0048	pay 0.0006% / 1h	37m 35s	$40K	—	20x
Short	edgeX MSFTUSDC	493.19	0.0248	get 0.0124% / 4h	37m 35s	$100K	$243K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee edgeXbpOrdersRate

Funding earned: $42.06
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $28.06
Break-even: 2.3 days

Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 11 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.074%
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 Hotstuff no order-book sample	—	—	—	—	—
Sell edgeX live order book, 11 min ago	5.67 bp	10.3 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit

Hotstuff: 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
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	$663K	$333K	10x	as long as short
BloFin MSFT-USDT	−0.0005%	8h	$194K	$142K	20x	as long as short
Nado MSFT-PERP	−0.0003%	1h	$458K	$4K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	$151K	$76K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	$327K	$380K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	$15.8M	$13.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	$7.4M	$1.1M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$3.1M	$1.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.0M	$1.0M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	$3.7M	$1.6M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	$1.2M	$690K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	$27K	$104K	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	$481K	10x	as long as short
Lighter MSFT	+0.0032%	1h	$1.1M	$529K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$677K	$2.0M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
Hotstuff MSFT-PERPlong	+0.0048%	1h	$40K	—	20x
tradeXYZ xyz:MSFT	+0.0050%	1h	$23.1M	$6.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$288K	$472K	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	$536K	$372K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	$217	—	5x	as long as short
QFEX MSFT-USD	+0.0052%	1h	$1.1M	$3.4M	10x	as long as short
Phoenix MSFT	+0.0065%	1h	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.4M	$7K	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
Injective MSFT/USDC PERP	+0.0220%	1h	$113K	$154K	30x	as long as short
edgeX MSFTUSDCshort	+0.0248%	4h	$100K	$243K	10x
Arcus MSFT-USD	+0.0325%	1h	$112K	$48K	10x	as long as short