MSFT

Alert

Funding spread now, next payment 18:00 UTC−0.0104%/8h

next payment, per $10,000−$0.13paid, last 24h+0.072%paid, last 3 days+0.078%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff MSFT-PERP	498.49	0.0104	pay 0.0013% / 1h	6m 44s	$40K	—	20x
Short	Extended MSFT_24_5-USD	498.73	0	get 0.0000% / 1h	6m 44s	$372K	$410K	17x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee ExtendedbpOrdersRate

Funding earned: −$21.84
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$31.84
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Extended: live order book, 32 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.048%
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 Extended live order book, 32 min ago	0.60 bp	5.8 bp −$6	36.1 bp −$361	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	−0.0056%	1h	$675K	$353K	10x	as long as short
BloFin MSFT-USDT	−0.0029%	8h	$192K	$182K	20x	as long as short
Nado MSFT-PERP	−0.0001%	1h	$461K	$6K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	$157K	$80K	20x	as long as short
Extended MSFT_24_5-USDshort	0.0000%	1h	$372K	$410K	17x
Binance MSFTUSDT	0.0000%	8h	$15.6M	$16.6M	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	$3.1M	$2.1M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.1M	$1.3M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	$3.7M	$1.7M	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	$719K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	$6K	$4.4M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	$58K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$631K	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0011%	1h	$27K	$113K	10x	as long as short
edgeX MSFTUSDC	+0.0022%	4h	$101K	$243K	10x	as long as short
QFEX MSFT-USD	+0.0028%	1h	$1.2M	$4.5M	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	$655K	$2.1M	20x	as long as short
Lighter MSFT	+0.0040%	1h	$1.1M	$544K	20x	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	$21.8M	$8.6M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$302K	$444K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	$219	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	$510K	$451K	15x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.5M	$10K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	$8K	—	10x	as long as short
Hotstuff MSFT-PERPlong	+0.0104%	1h	$40K	—	20x
Aevo MSFT-PERP	+0.0104%	1h	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	$114K	$125K	30x	as long as short
Arcus MSFT-USD	+0.0577%	1h	$111K	$75K	10x	as long as short