MSFT

Alert

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

next payment, per $10,000+$0.50paid, last 24h+0.025%paid, last 3 days+0.062%to open and closeno order book

Long on Variational Omni Short on Paradex

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSFT	499.28	0	get 0.0000% / 8h	5h 51m	$1.3M	$719K	—
Short	Paradex MSFT-USD-PERP	499.37	0.0050	get 0.0050% / 8h	5h 51m	$220	—	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee ParadexbpOrdersRate

Funding earned: $10.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $6.53
Break-even: 2.7 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Paradex: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.018%
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 Variational Omni RFQ quote, 4 min ago	2.74 bp	doesn't fit	17.8 bp −$178	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0722%	4h	$102K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	$678K	$355K	10x	as long as short
Nado MSFT-PERP	−0.0014%	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	$16.7M	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
Variational Omni MSFTlong	0.0000%	8h	$1.3M	$719K	—

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	$6K	$4.3M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	$27K	$114K	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	$643K	10x	as long as short
Bitget MSFTUSDT	+0.0005%	8h	$3.7M	$1.7M	100x	as long as short
BloFin MSFT-USDT	+0.0014%	8h	$194K	$186K	20x	as long as short
Hotstuff MSFT-PERP	+0.0016%	1h	$40K	—	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	$679K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	$1.2M	$4.6M	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	$21.9M	$8.6M	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-PERPshort	+0.0050%	8h	$220	—	5x
Ondo Perps MSFT-USD.P	+0.0050%	1h	$510K	$451K	15x	as long as short
Lighter MSFT	+0.0080%	1h	$1.1M	$537K	20x	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	$115K	$88K	30x	as long as short
Arcus MSFT-USD	+0.0573%	1h	$111K	$75K	10x	as long as short