MSFT funding rates
MSFT perpetual funding across 11 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 9.4%long Nado, short Lighter RH · net 7.5%
- Highest funding now
- 10.9%RwRWA Perp
- Lowest funding now
- −7.3%NaNado
- Listed on
- 11 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RwRWA Perp | PERP_MSFT_USDC_mythos | 10.9% | 11.0% | 11.0% | 11.0% | 11.0% | 100% | 8h | 08:00 | 537.05 | $9k | $299 | TradFi | RwRWA Perp | |
| LrLighter RH | MSFT | 9.6% | 4.2% | 5.8% | 4.2% | 6.1% | 100% | 1h | 07:00 | 537.46 | $3.1M | $9.3M | TradFi | LrLighter RH | |
| PmPolymarket | MSFT-USD | 5.5% | 5.5% | 5.5% | 6.0% | 5.5% | 100% | 1h | 07:00 | 536.77 | $351k | $4k | TradFi | PmPolymarket | |
| LiLighter | MSFT | 3.5% | 3.5% | 3.5% | 4.3% | 3.5% | 100% | 1h | 07:00 | 537.11 | $1.6M | $2.7M | TradFi | LiLighter | |
| AsAster | MSFTUSDT | 0.0% | 0.0% | 0.0% | 0.8% | 0.0% | 0% | 8h | 08:00 | 537.72 | $169k | $2k | TradFi | AsAster | |
| GrGRVT | MSFT_USDT_Perp | 0.0% | 0.0% | 0.0% | 0.4% | 0.0% | 1% | 8h | 08:00 | 537.55 | $22k | $292k | TradFi | GrGRVT | |
| VaVariational | MSFT | 0.0% | 0.0% | 0.1% | 0.5% | 0.1% | 3% | 8h | — | 537.10 | $1.4M | $1.2M | TradFi | VaVariational | |
| ByBybitCEX | MSFTUSDT | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 1% | 8h | 08:00 | 537.20 | $11.5M | $448k | TradFi | ByBybit | |
| BgBitgetCEX | MSFTUSDT | 0.0% | 0.0% | 0.0% | 0.8% | 0.0% | 0% | 8h | 08:00 | 537.48 | $3.8M | $1.9M | TradFi | BgBitget | |
| GtGateCEX | MSFT_USDT | 0.0% | 1.5% | 1.9% | −1.5% | 2.0% | 9% | 8h | 08:00 | 537.22 | $3.6M | $611k | TradFi | GtGate | |
| NaNado | MSFT-PERP_USDT0 | −7.3% | 0.9% | −3.5% | −2.4% | −4.3% | 24% | 1h | 07:00 | 537.33 | $525k | $4k | TradFi | NaNado |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| NaNado | LrLighter RH | 16.9% | 3.3% | 9.4% | 7.7% | 7.5% | 11.3% | 2.7d | steady | $525k | TradFi | NaLr | calc | |
| VaVariational | LrLighter RH | 9.6% | 4.2% | 5.8% | 3.6% | 5.8% | 8.7% | <0.1d | steady | $1.4M | 8h/1hTradFispread not incl. | VaLr | calc | |
| NaNado | LiLighter | 10.8% | 2.7% | 7.0% | 6.7% | 5.2% | 7.8% | 3.6d | steady | $525k | TradFi | NaLi | calc | |
| NaNado | PmPolymarket | 12.7% | 4.6% | 9.0% | 8.4% | 5.1% | 7.6% | 6.1d | steady | $351k | TradFiinvite only | NaPm | calc | |
| AsAster | LrLighter RH | 9.6% | 4.2% | 5.8% | 3.2% | 3.8% | 5.6% | 5.0d | steady | $169k | 8h/1hTradFi | AsLr | calc | |
| VaVariational | LiLighter | 3.5% | 3.5% | 3.4% | 3.8% | 3.4% | 5.1% | <0.1d | weak | $1.4M | 8h/1hTradFispread not incl. | VaLi | calc | |
| VaVariational | PmPolymarket | 5.5% | 5.5% | 5.4% | 5.5% | 3.3% | 5.0% | 5.4d | steady | $351k | 8h/1hTradFiinvite onlyspread not incl. | VaPm | calc | |
| ByBybitCEX | LrLighter RH | 9.6% | 4.0% | 5.8% | 4.2% | 2.9% | 4.4% | 6.9d | steady | $3.1M | 8h/1hTradFi | ByLr | calc | |
| BgBitgetCEX | LrLighter RH | 9.6% | 4.2% | 5.8% | 3.3% | 2.7% | 4.1% | 7.5d | steady | $3.1M | 8h/1hTradFi | BgLr | calc | |
| LiLighter | LrLighter RH | 6.1% | 0.7% | 2.3% | −0.2% | 2.3% | 3.5% | <0.1d | weak | $1.6M | TradFi | LiLr | calc | |
| NaNado | VaVariational | 7.3% | −0.9% | 3.6% | 2.9% | 1.8% | 2.7% | 7.1d | weak | $525k | 1h/8hTradFispread not incl. | NaVa | calc | |
| GrGRVT | LrLighter RH | 9.6% | 4.2% | 5.8% | 3.7% | 3.5% | 5.2% | 5.6d | steady | $22k | low OI8h/1hTradFi | GrLr | calc | |
| AsAster | LiLighter | 3.5% | 3.5% | 3.5% | 3.4% | 1.4% | 2.1% | 8.3d | weak | $169k | 8h/1hTradFi | AsLi | calc | |
| AsAster | PmPolymarket | 5.5% | 5.5% | 5.5% | 5.1% | 1.3% | 2.0% | 11d | steady | $169k | 8h/1hTradFiinvite only | AsPm | calc | |
| ByBybitCEX | LiLighter | 3.5% | 3.3% | 3.5% | 4.3% | 0.6% | 0.9% | 12d | weak | $1.6M | 8h/1hTradFi | ByLi | calc | |
| GrGRVT | LiLighter | 3.5% | 3.5% | 3.5% | 3.9% | 1.1% | 1.7% | 9.4d | weak | $22k | low OI8h/1hTradFi | GrLi | calc | |
| GrGRVT | PmPolymarket | 5.5% | 5.4% | 5.4% | 5.6% | 1.0% | 1.5% | 11d | steady | $22k | low OI8h/1hTradFiinvite only | GrPm | calc | |
| ByBybitCEX | PmPolymarket | 5.5% | 5.2% | 5.4% | 6.0% | 0.5% | 0.7% | 13d | steady | $351k | 8h/1hTradFiinvite only | ByPm | calc | |
| BgBitgetCEX | LiLighter | 3.5% | 3.5% | 3.5% | 3.5% | 0.4% | 0.6% | 13d | weak | $1.6M | 8h/1hTradFi | BgLi | calc | |
| BgBitgetCEX | PmPolymarket | 5.5% | 5.5% | 5.5% | 5.2% | 0.3% | 0.4% | 13d | steady | $351k | 8h/1hTradFiinvite only | BgPm | calc | |
| GtGateCEX | LrLighter RH | 9.6% | 2.7% | 4.0% | 3.7% | 0.0% | 0.1% | 14d | weak | $3.1M | 8h/1hTradFi | GtLr | calc | |
| LiLighter | PmPolymarket | 2.0% | 2.0% | 2.0% | 1.7% | −0.1% | −0.2% | 15d | weak | $351k | TradFiinvite only | LiPm | calc | |
| NaNado | GtGateCEX | 7.3% | 0.6% | 5.4% | 0.9% | −0.3% | −0.5% | 15d | steady | $525k | 1h/8hTradFi | NaGt | calc | |
| NaNado | AsAster | 7.3% | −0.9% | 3.5% | 3.3% | −0.4% | −0.6% | 16d | weak | $169k | 1h/8hTradFi | NaAs | calc | |
| NaNado | ByBybitCEX | 7.3% | −0.6% | 3.6% | 2.4% | −1.1% | −1.7% | 18d | weak | $525k | 1h/8hTradFi | NaBy | calc | |
| NaNado | GrGRVT | 7.3% | −0.8% | 3.6% | 2.8% | −0.6% | −0.9% | 16d | weak | $22k | low OI1h/8hTradFi | NaGr | calc | |
| NaNado | BgBitgetCEX | 7.3% | −0.9% | 3.5% | 3.2% | −1.4% | −2.1% | 20d | weak | $525k | 1h/8hTradFi | NaBg | calc | |
| AsAster | VaVariational | 0.0% | 0.0% | 0.1% | −0.4% | −2.0% | −3.0% | 411d | weak | $169k | TradFispread not incl. | AsVa | calc | |
| VaVariational | GtGateCEX | 0.0% | 1.5% | 1.8% | −1.9% | −2.1% | −3.1% | 30d | weak | $1.4M | TradFispread not incl. | VaGt | calc | |
| GtGateCEX | LiLighter | 3.5% | 2.0% | 1.6% | 5.7% | −2.3% | −3.4% | 34d | weak | $1.6M | 8h/1hTradFi | GtLi | calc | |
| GtGateCEX | PmPolymarket | 5.5% | 4.0% | 3.6% | 7.4% | −2.4% | −3.6% | 23d | weak | $351k | 8h/1hTradFiinvite only | GtPm | calc | |
| ByBybitCEX | VaVariational | 0.0% | −0.2% | 0.0% | 0.5% | −2.8% | −4.2% | >999d | weak | $1.4M | TradFispread not incl. | ByVa | calc | |
| BgBitgetCEX | VaVariational | 0.0% | 0.0% | 0.1% | −0.3% | −3.1% | −4.6% | 617d | weak | $1.4M | TradFispread not incl. | BgVa | calc | |
| PmPolymarket | LrLighter RH | 4.2% | −1.3% | 0.4% | −1.8% | −1.7% | −2.6% | 79d | mixed | $351k | TradFiinvite only | PmLr | calc | |
| AsAster | GtGateCEX | 0.0% | 1.5% | 1.9% | −2.3% | −4.1% | −6.2% | 44d | weak | $169k | TradFi | AsGt | calc | |
| GrGRVT | VaVariational | 0.0% | 0.0% | 0.0% | 0.1% | −2.3% | −3.5% | 716d | weak | $22k | low OITradFispread not incl. | GrVa | calc | |
| AsAster | ByBybitCEX | 0.0% | 0.2% | 0.0% | −0.9% | −4.9% | −7.4% | >999d | weak | $169k | TradFi | AsBy | calc | |
| ByBybitCEX | GtGateCEX | 0.0% | 1.3% | 1.9% | −1.5% | −4.9% | −7.4% | 51d | weak | $3.6M | TradFi | ByGt | calc | |
| BgBitgetCEX | GtGateCEX | 0.0% | 1.5% | 1.9% | −2.2% | −5.1% | −7.7% | 52d | weak | $3.6M | TradFi | BgGt | calc | |
| BgBitgetCEX | ByBybitCEX | 0.0% | 0.2% | 0.0% | −0.8% | −6.0% | −8.9% | >999d | weak | $3.8M | TradFi | BgBy | calc | |
| GrGRVT | GtGateCEX | 0.0% | 1.4% | 1.9% | −1.8% | −4.4% | −6.6% | 47d | weak | $22k | low OITradFi | GrGt | calc | |
| AsAster | GrGRVT | 0.0% | 0.0% | 0.0% | −0.5% | −4.4% | −6.6% | >999d | weak | $22k | low OITradFi | AsGr | calc | |
| GrGRVT | ByBybitCEX | 0.0% | 0.2% | 0.0% | −0.4% | −5.2% | −7.8% | >999d | weak | $22k | low OITradFi | GrBy | calc | |
| BgBitgetCEX | GrGRVT | 0.0% | 0.0% | 0.0% | −0.4% | −5.4% | −8.2% | >999d | weak | $22k | low OITradFi | BgGr | calc | |
What the columns and badges mean
- now
- Current funding spread APR: short-leg rate minus long-leg rate, annualized.
- 24h
- Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d
- Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
- 30d
- Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d trend
- Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
- Net APR
- 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
- On capital
- Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
- Breakeven
- Days of 7d-average funding needed to pay back open+close taker fees.
- Min OI
- Smaller open interest of the two legs, USD.
- steady
- Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
- spike
- The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
- mixed
- The spread was negative too often: not negative in only X% of hours over 7 days.
- new
- Less than 4 days of shared history in the prior week: stability cannot be judged yet.
- weak
- Prior-week spread under 5% APR: too small to call steady.
- cooling
- The prior week was solid, but the last 24h or the current spread is not positive.
- ≠ asset?
- Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
- stale
- At least one leg has not updated for over 30 minutes.
- low OI
- Open interest under $50k on at least one leg — size carefully.
- 8h/1h
- Funding intervals differ (8h vs 1h): payments are not simultaneous.
- TradFi
- Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
- invite only
- Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
- spread not incl.
- A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
- CEX
- Centralized exchange: trading needs an account with identity verification (KYC).
Prices now
Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.Indicative · marks from 2026-10-12 06:26 UTC
Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.
MSFT · TradFi
No two venues give a usable spread right now.
| Buy ↓ · Sell → | AsAster537.715 | GrGRVT537.547 | BgBitget537.48 | LrLighter RH537.46 | NaNado537.333 | GtGate537.22 | ByBybit537.2 | LiLighter537.105 | VaVariational537.098 | RwRWA Perp537.05 | PmPolymarket536.77 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PmPolymarket536.77 | 0.176% | 0.145% | 0.132% | 0.128% | 0.105% | 0.084% | 0.080% | 0.062% | 0.061% | 0.052% | — |
| RwRWA Perp537.05 | 0.124% | 0.092% | 0.080% | 0.076% | 0.053% | 0.032% | 0.028% | 0.010% | 0.009% | — | −0.052% |
| VaVariational537.098 | 0.115% | 0.083% | 0.071% | 0.067% | 0.044% | 0.023% | 0.019% | 0.001% | — | −0.009% | −0.061% |
| LiLighter537.105 | 0.114% | 0.082% | 0.070% | 0.066% | 0.042% | 0.021% | 0.018% | — | −0.001% | −0.010% | −0.062% |
| ByBybit537.2 | 0.096% | 0.065% | 0.052% | 0.048% | 0.025% | 0.004% | — | −0.018% | −0.019% | −0.028% | −0.080% |
| GtGate537.22 | 0.092% | 0.061% | 0.048% | 0.045% | 0.021% | — | −0.004% | −0.021% | −0.023% | −0.032% | −0.084% |
| NaNado537.333 | 0.071% | 0.040% | 0.027% | 0.024% | — | −0.021% | −0.025% | −0.042% | −0.044% | −0.053% | −0.105% |
| LrLighter RH537.46 | 0.047% | 0.016% | 0.004% | — | −0.024% | −0.045% | −0.048% | −0.066% | −0.067% | −0.076% | −0.128% |
| BgBitget537.48 | 0.044% | 0.012% | — | −0.004% | −0.027% | −0.048% | −0.052% | −0.070% | −0.071% | −0.080% | −0.132% |
| GrGRVT537.547 | 0.031% | — | −0.012% | −0.016% | −0.040% | −0.061% | −0.065% | −0.082% | −0.083% | −0.092% | −0.145% |
| AsAster537.715 | — | −0.031% | −0.044% | −0.047% | −0.071% | −0.092% | −0.096% | −0.114% | −0.115% | −0.124% | −0.176% |
All quotes (11)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| AsAster | 537.715 | 537.715 | mark | 3m | $2k | closedno FX |
| BgBitgetCEX | 537.48 | 537.48 | mark | 3m | $1.9M | closedno FX |
| ByBybitCEX | 537.2 | 537.2 | mark | 3m | $448k | closedno FX |
| GtGateCEX | 537.22 | 537.22 | mark | 3m | $611k | closedno FX |
| GrGRVT | 537.547 | 537.547 | mark | 3m | $292k | closedno FX |
| LiLighter | 537.105 | 537.105 | mark | 3m | $2.7M | closed |
| NaNado | 537.333 | 537.333 | mark | 3m | $4k | closedno FX |
| PmPolymarket | 536.77 | 536.77 | mark | 3m | $4k | closed |
| LrLighter RH | 537.46 | 537.46 | mark | 3m | $9.3M | closed |
| RwRWA Perp | 537.05 | 537.05 | mark | 3m | $299 | closed |
| VaVariational | 537.098 | 537.098 | mark | 3m | $1.2M | closed |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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