MSFT

Alert

Funding spread now, next payment 18:00 UTC−0.0004%/8h

next payment, per $10,000−$0.01paid, last 24h−0.005%paid, last 3 days−0.009%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSFT	498.63	0.0050	pay 0.0006% / 1h	2m 09s	$21.8M	$8.6M	20x
Short	Vest MSFT-USD-PERP	498.67	0.0046	get 0.0006% / 1h	2m 09s	—	—	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee tradeXYZbpFee VestbpOrdersRate

Funding earned: −$0.91
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Vest: 1 bp × 2 orders: −$2
Net: −$20.91
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 min ago; Vest: no order-book sample. 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 tradeXYZ live order book, 8 min ago	0.30 bp	10.2 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
edgeX MSFTUSDC	−0.0202%	4h	$101K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	$675K	$353K	10x	as long as short
Nado MSFT-PERP	−0.0002%	1h	$447K	$24K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	$157K	$80K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	$372K	$410K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	$15.7M	$16.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	$7.3M	$1.5M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$3.1M	$2.1M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.1M	$1.4M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	$3.7M	$1.7M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	$1.3M	$719K	—	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
HTX MSFT-USDT	0.0000%	8h	$58K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$634K	10x	as long as short
BloFin MSFT-USDT	+0.0018%	8h	$192K	$183K	20x	as long as short
QFEX MSFT-USD	+0.0028%	1h	$1.2M	$4.6M	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	$657K	$2.1M	20x	as long as short
Hotstuff MSFT-PERP	+0.0032%	1h	$40K	—	20x	as long as short
Lighter MSFT	+0.0040%	1h	$1.1M	$544K	20x	as long as short
Vest MSFT-USD-PERPshort	+0.0046%	1h	—	—	25x
Phoenix MSFT	+0.0048%	1h	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFTlong	+0.0050%	1h	$21.8M	$8.6M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	$302K	$444K	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	$510K	$451K	15x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.5M	$10K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	$159K	$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	$125K	30x	as long as short
Arcus MSFT-USD	+0.0577%	1h	$111K	$75K	10x	as long as short