MSFT

Alert

Funding spread now, next payment 16:00 UTC−0.0100%/8h

next payment, per $10,000−$1.00paid, last 24h−0.030%paid, last 5 days−0.130%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MSFT_USDC_mythos	495.27	0.0100	pay 0.0100% / 8h	2h 29m	$8K	—	10x
Short	Phemex MSFTUSDT	495.26	0	get 0.0000% / 8h	2h 29m	$2.0M	$348K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee PhemexbpOrdersRate

Funding earned: −$21
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$39
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 6 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Phemex live order book, 6 min ago	0.10 bp	26.7 bp −$27	doesn't fit	doesn't fit	doesn't fit

Orderly: 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
Hotstuff MSFT-PERP	−0.1600%	1h	$40K	—	20x	as long as short
BloFin MSFT-USDT	−0.0027%	8h	$190K	$104K	20x	as long as short
Nado MSFT-PERP	−0.0011%	1h	$461K	$1K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	$665K	$323K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	$150K	$4K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	$335K	$365K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	$15.8M	$7.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	$7.2M	$717K	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$2.9M	$408K	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.0M	$795K	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	$3.6M	$1.1M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	$1.3M	$620K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	$6K	$2.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	$27K	$93K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	$57K	$231K	20x	as long as short
Phemex MSFTUSDTshort	0.0000%	8h	$2.0M	$348K	10x
Lighter MSFT	+0.0032%	1h	$1.1M	$473K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$675K	$2.7M	20x	as long as short
Phoenix MSFT	+0.0032%	1h	$10K	$15K	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	$1.2M	$2.9M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	$23.3M	$5.3M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$300K	$234K	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	$530K	$326K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	$218	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.5M	$6K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	$158K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythoslong	+0.0100%	8h	$8K	—	10x
Aevo MSFT-PERP	+0.0104%	1h	$54	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	$113K	$173K	30x	as long as short
Arcus MSFT-USD	+0.0298%	1h	$113K	$49K	10x	as long as short
edgeX MSFTUSDC	+0.0318%	4h	$101K	$244K	10x	as long as short