MSFT

Alert

Funding spread now, next payment 17:00 UTC+0.0442%/8h

paid, last 24h+0.036%paid, last 3 days+0.099%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.099% in total (about 12.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSFT	494.70	0	get 0.0000% / 8h	7h 50m	$1.2M	$705K	—
Short	Arcus MSFT-USD	494.78	0.0442	get 0.0055% / 1h	50m 23s	$112K	$50K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee ArcusbpOrdersRate

Funding earned: $92.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $88.37
Break-even: 0.3 days

Slippage unknown: Variational Omni: RFQ quote, just now; Arcus: live order book, 59 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.016%
Avg gap 7d: −0.038%

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 Variational Omni RFQ quote, just now	2.75 bp	doesn't fit	16.9 bp −$169	doesn't fit	doesn't fit
Sell Arcus live order book, 59 min ago	2.03 bp	4.3 bp −$4	6.6 bp −$66	11.3 bp −$1,125	doesn't fit

MSFT on 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX MSFTUSDC	−0.0772%	4h	$101K	$244K	10x	as long as short
Nado MSFT-PERP	−0.0027%	1h	$460K	$5K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	$155K	$80K	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	$7.5M	$1.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	$3.1M	$1.5M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.1M	$1.2M	100x	as long as short
Variational Omni MSFTlong	0.0000%	8h	$1.2M	$705K	—
SunX MSFT-USDT	0.0000%	8h	$6K	$4.3M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	$27K	$108K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	$664K	$337K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX MSFT-USDT	0.0000%	8h	$58K	$231K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$530K	10x	as long as short
Bitget MSFTUSDT	+0.0002%	8h	$3.8M	$1.6M	100x	as long as short
BloFin MSFT-USDT	+0.0015%	8h	$194K	$158K	20x	as long as short
Extended MSFT_24_5-USD	+0.0016%	1h	$327K	$380K	17x	as long as short
Binance MSFTUSDT	+0.0018%	8h	$15.6M	$14.5M	20x	as long as short
Lighter MSFT	+0.0032%	1h	$1.1M	$535K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$677K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0042%	1h	$1.1M	$3.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	$22.0M	$7.5M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	$288K	$478K	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	$534K	$383K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	$218	—	5x	as long as short
Phoenix MSFT	+0.0065%	1h	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.5M	$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
Hotstuff MSFT-PERP	+0.0104%	1h	$40K	—	20x	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-USDshort	+0.0442%	1h	$112K	$50K	10x