MSFT

Alert

Funding spread now, next payment 16:00 UTC−0.0065%/8h

paid, last 24h−0.014%paid, last 7 days−0.028%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MSFT	496.60	0.0065	pay 0.0008% / 1h	59m 50s	$10K	$15K	20x
Short	Gate MSFT_USDT	496.38	0	get 0.0000% / 8h	6h 59m	$3.1M	$1.3M	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee GatebpOrdersRate

Funding earned: −$13.6
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.6
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Gate: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.044%
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 Gate live order book, 5 min ago	4.33 bp	15.9 bp −$16	52.7 bp −$527	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
Hotstuff MSFT-PERP	−0.1600%	1h	$40K	—	20x	as long as short
edgeX MSFTUSDC	−0.0389%	4h	$101K	$244K	10x	as long as short
BloFin MSFT-USDT	−0.0005%	8h	$190K	$171K	20x	as long as short
Nado MSFT-PERP	−0.0004%	1h	$461K	$5K	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	$380K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	$15.6M	$15.4M	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_USDTshort	0.0000%	8h	$3.1M	$1.3M	100x

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	$3.7M	$1.7M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	$1.3M	$714K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	$27K	$113K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	$668K	$343K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	$58K	$231K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$584K	10x	as long as short
Lighter MSFT	+0.0032%	1h	$1.1M	$540K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$667K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0042%	1h	$1.1M	$4.2M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	$22.1M	$7.8M	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	$505K	$434K	15x	as long as short
Phoenix MSFTlong	+0.0065%	1h	$10K	$15K	20x
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-PERP	+0.0104%	1h	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	$114K	$154K	30x	as long as short
Arcus MSFT-USD	+0.0442%	1h	$112K	$52K	10x	as long as short