MSFT

Alert

Funding spread now, next payment 18:00 UTC+0.0072%/8h

next payment, per $10,000+$0.09paid, last 24h+0.020%paid, last 5 days+0.077%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MSFT	497.05	0.0032	pay 0.0004% / 1h	44m 00s	$659K	$2.1M	20x
Short	Aevo MSFT-PERP	497.04	0.0104	get 0.0013% / 1h	44m 00s	$55	—	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee AevobpOrdersRate

Funding earned: $15.12
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$0.88
Break-even: 7.4 days

Slippage unknown: Lighter RH: live order book, 5 min ago; Aevo: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.002%
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 Lighter RH live order book, 5 min ago	0.81 bp	1.0 bp −$1	5.0 bp −$50	42.5 bp −$4,247	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	$668K	$343K	10x	as long as short
Nado MSFT-PERP	−0.0016%	1h	$462K	$5K	20x	as long as short
BloFin MSFT-USDT	−0.0007%	8h	$191K	$174K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	$156K	$80K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	$329K	$368K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	$15.7M	$15.5M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	$7.3M	$1.4M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$3.0M	$1.7M	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	$709K	—	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	$113K	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	$590K	10x	as long as short
QFEX MSFT-USD	+0.0028%	1h	$1.2M	$4.3M	10x	as long as short
Lighter MSFT	+0.0032%	1h	$1.1M	$541K	20x	as long as short
Lighter RH MSFTlong	+0.0032%	1h	$659K	$2.1M	20x
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	$7.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$301K	$443K	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	$503K	$436K	15x	as long as short
Hotstuff MSFT-PERP	+0.0080%	1h	$40K	—	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.5M	$9K	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-PERPshort	+0.0104%	1h	$55	—	10x
Injective MSFT/USDC PERP	+0.0220%	1h	$114K	$125K	30x	as long as short
edgeX MSFTUSDC	+0.0562%	4h	$101K	$245K	10x	as long as short
Arcus MSFT-USD	+0.0577%	1h	$111K	$54K	10x	as long as short