MSFT

Alert

Funding spread now, next payment 17:00 UTC−0.0048%/8h

paid, last 24h+0.043%paid, last 3 days+0.070%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff MSFT-PERP	494.17	0.0048	pay 0.0006% / 1h	57m 50s	$40K	—	20x
Short	Gate MSFT_USDT	494.19	0	get 0.0000% / 8h	7h 57m	$3.1M	$1.2M	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee GatebpOrdersRate

Funding earned: −$10.08
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$30.08
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Gate: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.004%
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 Gate live order book, 2 min ago	3.54 bp	14.9 bp −$15	55.6 bp −$556	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
edgeX MSFTUSDC	−0.0742%	4h	$100K	$245K	10x	as long as short
Nado MSFT-PERP	−0.0021%	1h	$459K	$4K	20x	as long as short
BloFin MSFT-USDT	−0.0011%	8h	$197K	$157K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	$155K	$80K	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	$7.4M	$1.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$3.1M	$1.5M	20x	as long as short
Gate MSFT_USDTshort	0.0000%	8h	$3.1M	$1.2M	100x
Variational Omni MSFT	0.0000%	8h	$1.2M	$705K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	$6K	$4.3M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	$27K	$108K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International MSFT-PERP-INTX	0.0000%	1h	$664K	$337K	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	$524K	10x	as long as short
Bitget MSFTUSDT	+0.0002%	8h	$3.8M	$1.6M	100x	as long as short
Binance MSFTUSDT	+0.0015%	8h	$15.7M	$14.3M	20x	as long as short
Extended MSFT_24_5-USD	+0.0016%	1h	$327K	$380K	17x	as long as short
Lighter MSFT	+0.0032%	1h	$1.1M	$535K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$676K	$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	$22.0M	$7.4M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$288K	$478K	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	$382K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	$217	—	5x	as long as short
QFEX MSFT-USD	+0.0052%	1h	$1.1M	$3.7M	10x	as long as short
Phoenix MSFT	+0.0065%	1h	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.5M	$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
Arcus MSFT-USD	+0.0442%	1h	$112K	$48K	10x	as long as short