MSFT

Alert

Funding spread now, next payment 14:00 UTC−0.0050%/8h

paid, last 24h−0.012%paid, last 3 days−0.034%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSFT-USD	495.29	0.0050	pay 0.0006% / 1h	29m 30s	$59K	$3K	10x
Short	Variational Omni MSFT	494.92	0	get 0.0000% / 8h	2h 29m	$1.3M	$620K	—

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee Variational OmnibpOrdersRate

Funding earned: −$10.5
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.5
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.075%
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 SoDEX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	2.53 bp	doesn't fit	15.7 bp −$157	doesn't fit	doesn't fit

SoDEX: 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	−0.0014%	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	$663K	$319K	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	$7.4M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	$7.2M	$714K	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$2.9M	$407K	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.0M	$794K	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 MSFTshort	0.0000%	8h	$1.3M	$620K	—
SunX MSFT-USDT	0.0000%	8h	$6K	$2.3M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	$23K	$89K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	$57K	$231K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.0M	$347K	10x	as long as short
Lighter MSFT	+0.0032%	1h	$1.1M	$465K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$673K	$2.6M	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-USDlong	+0.0050%	1h	$59K	$3K	10x
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_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	$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