MSFT

Alert

Funding spread now, next payment 15:00 UTC−0.0042%/8h

paid, last 24h−0.002%paid, last 7 days−0.021%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MSFT	493.04	0.0065	pay 0.0008% / 1h	34m 46s	$10K	$15K	20x
Short	BloFin MSFT-USDT	493.00	0.0023	get 0.0023% / 8h	34m 46s	$197K	$143K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee BloFinbpOrdersRate

Funding earned: −$8.77
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.77
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; BloFin: live order book, 7 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.008%
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 Phoenix no order-book sample	—	—	—	—	—
Sell BloFin live order book, 7 min ago	0.10 bp	6.2 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit

Phoenix: 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	−0.0008%	1h	$663K	$333K	10x	as long as short
Nado MSFT-PERP	−0.0002%	1h	$458K	$4K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	$151K	$80K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	$327K	$380K	17x	as long as short
Bybit MSFTUSDT	0.0000%	8h	$7.4M	$1.1M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$3.1M	$1.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.0M	$1.0M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	$3.7M	$1.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	$1.2M	$690K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	$6K	$3.9M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	$27K	$104K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	$57K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$483K	10x	as long as short
Binance MSFTUSDT	+0.0001%	8h	$15.8M	$13.1M	20x	as long as short
BloFin MSFT-USDTshort	+0.0023%	8h	$197K	$143K	20x
Lighter MSFT	+0.0032%	1h	$1.1M	$529K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$677K	$2.0M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	$23.1M	$6.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$287K	$472K	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	$372K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	$217	—	5x	as long as short
QFEX MSFT-USD	+0.0052%	1h	$1.1M	$3.4M	10x	as long as short
Hotstuff MSFT-PERP	+0.0056%	1h	$40K	—	20x	as long as short
Phoenix MSFTlong	+0.0065%	1h	$10K	$15K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	$1.4M	$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	+0.0325%	1h	$112K	$48K	10x	as long as short
edgeX MSFTUSDC	+0.0364%	4h	$100K	$244K	10x	as long as short