MSFT

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Funding spread now, next payment 19:00 UTC+0.0050%/8h

paid, last 24h+0.026%paid, last 3 days+0.108%to open and closeno order book

Long on Variational Omni Short on Ondo Perps

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSFT	499.29	0	get 0.0000% / 8h	5h 08m	$1.3M	$704K	—
Short	Ondo Perps MSFT-USD.P	498.92	0.0050	get 0.0006% / 1h	8m 39s	$510K	$453K	15x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee Ondo PerpsbpOrdersRate

Funding earned: $10.58
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $5.58
Break-even: 3.3 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.074%
Avg gap 7d: −0.095%

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, 2 min ago	2.53 bp	doesn't fit	15.8 bp −$158	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0056%	1h	$685K	$364K	10x	as long as short
Nado MSFT-PERP	−0.0003%	1h	$446K	$25K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	$156K	$86K	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	$15.6M	$17.2M	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	$3.0M	$2.1M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	$3.0M	$1.4M	100x	as long as short
Variational Omni MSFTlong	0.0000%	8h	$1.3M	$704K	—
SunX MSFT-USDT	0.0000%	8h	$6K	$4.3M	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	$114K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	$58K	$232K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	$2.1M	$676K	10x	as long as short
BloFin MSFT-USDT	+0.0029%	8h	$192K	$195K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$654K	$2.1M	20x	as long as short
Bitget MSFTUSDT	+0.0032%	8h	$3.7M	$1.8M	100x	as long as short
QFEX MSFT-USD	+0.0044%	1h	$1.2M	$5.0M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	—	—	25x	as long as short
Phoenix MSFT	+0.0048%	1h	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	$22.2M	$8.9M	20x	as long as short
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	$220	—	5x	as long as short
Ondo Perps MSFT-USD.Pshort	+0.0050%	1h	$510K	$453K	15x
Lighter MSFT	+0.0072%	1h	$1.1M	$545K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	$1.5M	$11K	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
Hotstuff MSFT-PERP	+0.0176%	1h	$40K	—	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	$114K	$88K	30x	as long as short
Arcus MSFT-USD	+0.0573%	1h	$112K	$75K	10x	as long as short
edgeX MSFTUSDC	+0.0640%	4h	$102K	$243K	10x	as long as short