MSFT funding rates and arbitrage
Updated 2026-11-11 22:51 UTC
Best MSFT arbitrage after every cost
No MSFT pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
MSFT funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| ApeX | MSFT-USDT | 0.0013% | 1 h | +10.9% | +10.8% | $2.3K | 2026-11-11 23:00 |
| TXFlow | MSFT-USDC | 0.0013% | 1 h | +10.9% | — | $59.6K | 2026-11-11 23:00 |
| Nado | MSFT-PERP_USDT0 | 0.0011% | 1 h | +9.8% | +13.9% | $105.8K | 2026-11-11 23:00 |
| Paradex | MSFT-USD-PERP | 0.0054% | 8 h | +5.9% | — | $230 | 2026-11-12 00:00 |
| Ondo Perps | MSFT-USD.P | 0.0006% | 1 h | +5.5% | — | $1.5M | 2026-11-11 23:00 |
| Phoenix | MSFT | 0.0006% | 1 h | +5.1% | +7.1% | — | 2026-11-11 23:00 |
| Lighter RH | MSFT | 0.0004% | 1 h | +3.5% | +4.3% | $3.9M | 2026-11-11 23:00 |
| Lighter | MSFT | 0.0004% | 1 h | +3.5% | +4.1% | $2.9M | 2026-11-11 23:00 |
| Hyperliquid | xyz:MSFT | 0.0002% | 1 h | +1.5% | +2.3% | $25M | 2026-11-11 23:00 |
| Bybit | MSFTUSDT | 0.0000% | 8 h | 0.0% | −0.4% | $10.2M | 2026-11-12 00:00 |
| KuCoin | MSFTUSDTM | 0.0000% | 8 h | 0.0% | +0.1% | $964.9K | 2026-11-12 00:00 |
| Phemex | MSFTUSDT | 0.0000% | 8 h | 0.0% | — | $897.8K | 2026-11-12 00:00 |
| MEXC | MSFTSTOCK_USDT | 0.0000% | 8 h | 0.0% | 0.0% | $12.3M | 2026-11-12 00:00 |
| Bitget | MSFTUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $5.6M | 2026-11-12 00:00 |
| HTX | MSFT-USDT | 0.0000% | 8 h | 0.0% | 0.0% | $442.5K | 2026-11-12 00:00 |
| OKX | MSFT-USDT-SWAP | 0.0000% | 8 h | 0.0% | 0.0% | $4.8M | 2026-11-12 00:00 |
| LBank | MSFTUSDT | 0.0000% | 8 h | 0.0% | 0.0% | — | 2026-11-12 00:00 |
| GRVT | MSFT_USDT_Perp | 0.0000% | 8 h | 0.0% | 0.0% | $31.3K | 2026-11-12 00:00 |
| Binance | MSFTUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $19.2M | 2026-11-12 00:00 |
| Aster | MSFTUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $234.8K | 2026-11-12 00:00 |
| Extended | MSFT_24_5-USD | 0.0000% | 1 h | 0.0% | −0.1% | $223.9K | 2026-11-11 23:00 |
| Gate | MSFT_USDT | 0.0000% | 8 h | 0.0% | −0.0% | $4M | 2026-11-12 00:00 |
| Variational | MSFT-PERP | 0.0000% | 8 h | 0.0% | 0.0% | $1.5M | 2026-11-12 00:00 |
| QFEX | MSFT-USD | -0.0000% | 1 h | −0.4% | — | $1.5M | 2026-11-11 23:00 |
| Bitunix | MSFTUSDT | -0.0006% | 8 h | −0.6% | +0.2% | — | 2026-11-12 00:00 |
| BingX | NCSKMSFT2USD-USDT | -0.0050% | 8 h | −5.5% | −5.6% | $995.4K | 2026-11-12 00:00 |
| Crypto.com | MSFTUSD-PERP | -0.0007% | 1 h | −6.5% | −8.5% | $80.8K | 2026-11-11 23:00 |
| WhiteBIT | MSFT_PERP | -0.0100% | 8 h | −10.9% | −5.8% | $3.6M | 2026-11-12 00:00 |
| Arcus | MSFT-USD | -0.0020% | 1 h | −17.4% | +2.5% | $276.7K | 2026-11-11 23:00 |
Cost to enter $10,000 of MSFT
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter RH | MSFT | 0.9 bp | order-book snapshot, 32 min old |
| Lighter | MSFT | 1.0 bp | order-book snapshot, 43 min old |
| Hyperliquid | xyz:MSFT | 2.4 bp | order-book snapshot, 5 min old |
| Nado | MSFT-PERP_USDT0 | 3.6 bp | order-book snapshot, 34 min old |
| Extended | MSFT_24_5-USD | 4.8 bp | order-book snapshot, 39 min old |
| MEXC | MSFTSTOCK_USDT | 2.1 bp | top of book only |
| Variational | MSFT-PERP | 2.5 bp | top of book only |
| Bybit | MSFTUSDT | 3.5 bp | top of book only |
| Aster | MSFTUSDT | 4.8 bp | top of book only |
| GRVT | MSFT_USDT_Perp | 5.0 bp | top of book only |
| Binance | MSFTUSDT | 5.1 bp * | top of book only |
| OKX | MSFT-USDT-SWAP | 5.1 bp * | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
Questions
Is MSFT funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no MSFT pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest MSFT funding rate?
ApeX at +10.9% a year (0.0013% every 1 h); the lowest is Arcus at −17.4%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.