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MSFT

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Funding spread now, next payment 16:00 UTC+0.0052%/8h
paid, last 24h+0.008%paid, last 3 days+0.013%to open and close $10k−$73
Long on PhemexShort on QFEX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex MSFTUSDT492.550get 0.0000% / 8h29m 40s$2.1M$489K10x
ShortQFEX MSFT-USD492.160.0052get 0.0007% / 1h29m 40s$1.1M$3.4M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$10.97
Slippage, 4 orders
−$50.62
Fee Phemex: 6 bp × 2 orders
−$12
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$61.65
Break-even
46.3 days
Slippage from Phemex: live order book, 5 min ago; QFEX: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.079%
Avg gap 7d
−0.059%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 5 min ago0.20 bp28.2 bp −$28doesn't fitdoesn't fitdoesn't fit
Sell QFEX live order book, 5 min ago1.83 bp6.8 bp −$77.3 bp −$7312.2 bp −$1,224doesn't fit

MSFT on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
edgeX MSFTUSDC−0.0732%4h$100K$245K10xas long as short
Coinbase International MSFT-PERP-INTX−0.0008%1h$663K$333K10xas long as short
Nado MSFT-PERP0.0000%1h$457K$4K20xas long as short
Aster MSFTUSDT0.0000%8h$151K$80K20xas long as short
Extended MSFT_24_5-USD0.0000%1h$327K$380K17xas long as short
Bybit MSFTUSDT0.0000%8h$7.4M$1.1M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h$3.1M$1.4M20xas long as short
Gate MSFT_USDT0.0000%8h$3.0M$1.0M100xas long as short
Bitget MSFTUSDT0.0000%8h$3.7M$1.6M100xas long as short
Variational Omni MSFT0.0000%8h$1.2M$690K—as long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
SunX MSFT-USDT0.0000%8h$6K$3.9M20xas long as short
HTX MSFT-USDT0.0000%8h$58K$229K20xas long as short
Phemex MSFTUSDTlong0.0000%8h$2.1M$489K10x
Binance MSFTUSDT+0.0003%8h$15.6M$13.3M20xas long as short
BloFin MSFT-USDT+0.0024%8h$198K$144K20xas long as short
Lighter MSFT+0.0032%1h$1.1M$532K20xas long as short
Lighter RH MSFT+0.0032%1h$680K$2.0M20xas long as short
Deribit MSFT_USDC-PERPETUAL+0.0035%1h$27K$105K10xas long as short
Hotstuff MSFT-PERP+0.0040%1h$40K—20xas long as short
Vest MSFT-USD-PERP+0.0046%1h——25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h$21.9M$7.3M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h$287K$472K10xas long as short
SoDEX MSFT-USD+0.0050%1h$59K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h$535K$373K15xas long as short
Paradex MSFT-USD-PERP+0.0052%8h$217—5xas long as short
QFEX MSFT-USDshort+0.0052%1h$1.1M$3.4M10x
Phoenix MSFT+0.0065%1h$10K$15K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h$1.4M$7K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h$157K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h$8K—10xas long as short
Aevo MSFT-PERP+0.0104%1h$54—10xas long as short
Injective MSFT/USDC PERP+0.0220%1h$113K$154K30xas long as short
Arcus MSFT-USD+0.0325%1h$112K$48K10xas long as short