MSFT

Alert

Funding spread now, next payment 18:00 UTC+0.0477%/8h

paid, last 24h+0.014%paid, last 3 days−0.054%to open and close $10k−$187

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.054% in total (about -6.2% 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	KuCoin MSFTUSDTM	496.97	0.0100	pay 0.0100% / 8h	6h 26m	$1.5M	$10K	20x
Short	Arcus MSFT-USD	497.45	0.0577	get 0.0072% / 1h	26m 27s	$111K	$75K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee ArcusbpOrdersRate

Funding earned: $100.18
Slippage, 4 orders: −$170.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$86.87
Break-even: 13.1 days

Slippage from KuCoin: live order book, 6 min ago; Arcus: live order book, 13 min ago.

Price risk

price view

Price gap now: +0.097%
Avg gap 7d: +0.043%

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 KuCoin live order book, 6 min ago	7.14 bp	92.1 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 13 min ago	0.90 bp	3.2 bp −$3	7.0 bp −$70	13.6 bp −$1,356	doesn't fit

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
Aster MSFTUSDT	0.0000%	8h	$156K	$80K	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	$15.7M	$16.2M	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	$3.1M	$1.3M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	$3.7M	$1.7M	100x	as long as short
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

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX MSFT-USDT	0.0000%	8h	$58K	$231K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$610K	10x	as long as short
BloFin MSFT-USDT	0.0000%	8h	$192K	$178K	20x	as long as short
Nado MSFT-PERP	+0.0003%	1h	$462K	$5K	20x	as long as short
QFEX MSFT-USD	+0.0028%	1h	$1.2M	$4.4M	10x	as long as short
Lighter MSFT	+0.0032%	1h	$1.1M	$543K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$668K	$2.1M	20x	as long as short
Hotstuff MSFT-PERP	+0.0032%	1h	$40K	—	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	$21.9M	$8.5M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$301K	$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	$509K	$450K	15x	as long as short
KuCoin MSFTUSDTMlong	+0.0100%	8h	$1.5M	$10K	20x
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	+0.0172%	1h	$27K	$113K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	$114K	$125K	30x	as long as short
edgeX MSFTUSDC	+0.0378%	4h	$101K	$243K	10x	as long as short
Arcus MSFT-USDshort	+0.0577%	1h	$111K	$75K	10x