# MSFT funding rates and arbitrage

Updated 2026-11-12 00:02 UTC · https://afterfees.xyz/coin/MSFT

## 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 |
|---|---|---|---|---|---|---|---|
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | MSFTUSD-PERP | 0.0041% | 1 h | +36.2% | −7.9% | $80.3K | 2026-11-12 01:00 |
| [Nado](https://afterfees.xyz/venues/nado) | MSFT-PERP_USDT0 | 0.0020% | 1 h | +17.4% | +14.5% | $103.6K | 2026-11-12 01:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | MSFT-USDT | 0.0013% | 1 h | +10.9% | +10.7% | $2.3K | 2026-11-12 01:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | MSFT-USDC | 0.0013% | 1 h | +10.9% | — | $59.3K | 2026-11-12 01:00 |
| [Phoenix](https://afterfees.xyz/venues/phoenix) | MSFT | 0.0008% | 1 h | +6.7% | +7.1% | — | 2026-11-12 01:00 |
| [Paradex](https://afterfees.xyz/venues/paradex) | MSFT-USD-PERP | 0.0051% | 8 h | +5.6% | — | $229 | 2026-11-12 08:00 |
| [Ondo Perps](https://afterfees.xyz/venues/ondo) | MSFT-USD.P | 0.0006% | 1 h | +5.5% | — | $1.4M | 2026-11-12 01:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | xyz:MSFT | 0.0006% | 1 h | +5.5% | +2.3% | $24.9M | 2026-11-12 01:00 |
| [Arcus](https://afterfees.xyz/venues/arcus) | MSFT-USD | 0.0005% | 1 h | +4.4% | +2.7% | $275.9K | 2026-11-12 01:00 |
| [Lighter RH](https://afterfees.xyz/venues/lighterrh) | MSFT | 0.0004% | 1 h | +3.5% | +4.3% | $3.8M | 2026-11-12 01:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | MSFT | 0.0004% | 1 h | +3.5% | +4.1% | $2.9M | 2026-11-12 01:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | MSFTUSDT | 0.0000% | 8 h | 0.0% | −0.4% | $10.2M | 2026-11-12 08:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | MSFTUSDTM | 0.0000% | 8 h | 0.0% | +0.1% | $966K | 2026-11-12 08:00 |
| [Phemex](https://afterfees.xyz/venues/phemex) | MSFTUSDT | 0.0000% | 8 h | 0.0% | — | $868K | 2026-11-12 08:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | MSFTSTOCK_USDT | 0.0000% | 8 h | 0.0% | 0.0% | $12.2M | 2026-11-12 08:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | MSFTUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $5.4M | 2026-11-12 08:00 |
| [HTX](https://afterfees.xyz/venues/htx) | MSFT-USDT | 0.0000% | 8 h | 0.0% | 0.0% | $440.2K | 2026-11-12 08:00 |
| [OKX](https://afterfees.xyz/venues/okx) | MSFT-USDT-SWAP | 0.0000% | 8 h | 0.0% | 0.0% | $4.7M | 2026-11-12 08:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | MSFTUSDT | 0.0000% | 8 h | 0.0% | 0.0% | — | 2026-11-12 08:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | MSFT_USDT_Perp | 0.0000% | 8 h | 0.0% | 0.0% | $30.9K | 2026-11-12 08:00 |
| [Binance](https://afterfees.xyz/venues/binance) | MSFTUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $19M | 2026-11-12 08:00 |
| [Aster](https://afterfees.xyz/venues/aster) | MSFTUSDT | 0.0000% | 8 h | 0.0% | 0.0% | $233.8K | 2026-11-12 08:00 |
| [Extended](https://afterfees.xyz/venues/extended) | MSFT_24_5-USD | 0.0000% | 1 h | 0.0% | −0.1% | $222.7K | 2026-11-12 01:00 |
| [Gate](https://afterfees.xyz/venues/gate) | MSFT_USDT | 0.0000% | 8 h | 0.0% | −0.0% | $4M | 2026-11-12 08:00 |
| [Variational](https://afterfees.xyz/venues/variational) | MSFT-PERP | 0.0000% | 8 h | 0.0% | 0.0% | $1.5M | 2026-11-12 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | MSFTUSDT | -0.0006% | 8 h | −0.6% | +0.1% | — | 2026-11-12 08:00 |
| [QFEX](https://afterfees.xyz/venues/qfex) | MSFT-USD | -0.0004% | 1 h | −3.6% | — | $1.6M | 2026-11-12 00:59 |
| [BingX](https://afterfees.xyz/venues/bingx) | NCSKMSFT2USD-USDT | -0.0050% | 8 h | −5.5% | −5.6% | $995.4K | 2026-11-12 08:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | MSFT_PERP | -0.0100% | 8 h | −10.9% | −6.6% | $3.6M | 2026-11-12 08:00 |

## Cost to enter $10,000 of MSFT

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter RH | MSFT | 0.6 bp | order-book snapshot, 41 min old |
| Hyperliquid | xyz:MSFT | 1.6 bp | order-book snapshot, 14 min old |
| Lighter | MSFT | 2.7 bp | order-book snapshot, 52 min old |
| Extended | MSFT_24_5-USD | 4.3 bp | order-book snapshot, 48 min old |
| Nado | MSFT-PERP_USDT0 | 4.6 bp | order-book snapshot, 43 min old |
| MEXC | MSFTSTOCK_USDT | 2.1 bp | top of book only |
| Variational | MSFT-PERP | 2.5 bp | top of book only |
| Bybit | MSFTUSDT | 2.8 bp | top of book only |
| Aster | MSFTUSDT | 4.4 bp | top of book only |
| GRVT | MSFT_USDT_Perp | 4.9 bp | top of book only |
| OKX | MSFT-USDT-SWAP | 5.1 bp * | top of book only |
| Binance | MSFTUSDT | 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?**

Crypto.com at +36.2% a year (0.0041% every 1 h); the lowest is WhiteBIT at −10.9%. 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._