MSFT Perp Funding
Microsoft perpetual funding and carry across venues, annualized and mechanism-true.
Best venue to short+10.95%ApeX · Shorts collect the funding longs pay
Cheapest venue to long-31.93%Hyperliquid · Lowest funding a long pays. Negative means longs get paid.
Short-vs-long spread42.88%Short ApeX / long Hyperliquid
Open interest by venue$55M14 venues listing MSFT
ApeXstandard
+10.95%Annualized funding · settles every 1hMark $493.64OI $157K
Asterstandard
0.00%Annualized funding · settles every 8hMark $493.96OI $161K
Avantisfunding plus borrow
0.00% costAnnualized rollover, charged to both sidesMark —OI $60K
Binancestandard
0.00%Annualized funding · settles every 8hMark $493.58OI $16M
Bitgetstandard
0.00%Annualized funding · settles every 8hMark $493.68OI $4M
Bybitstandard
0.00%Annualized funding · settles every 8hMark $493.5OI $4M
Coinbasestandard
-2.63%Annualized funding · settles every 1hMark $493.27OI $616K
Gatestandard
-14.45%Annualized funding · settles every 8hMark $493.61OI $2M
GRVTstandard
0.00%Annualized funding · settles every 8hMark $493.62OI $21K
Hyperliquidbuilder set
-31.93%Annualized funding · settles every 1hMark $493.09OI $24M
Lighterstandard
+3.50%Annualized funding · settles every 8hMark $493.51OI $1M
OKXstandard
0.00%Annualized funding · settles every 8hMark $493.67OI $3M
Orderlystandard
+10.85%Annualized funding · settles every 8hMark $493.5OI $8K
Ostiumfunding plus borrow
8.13% costAnnualized rollover, charged to both sidesMark $496.18OI $10K
Funding history · annualized
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Accumulated funding
| Venue | 1D | 7D | 30D |
|---|---|---|---|
| ApeX | +0.03% 24/24 · 100% | — 100/168 · 60% | — 100/720 · 14% |
| Aster | 0.00% 3/3 · 100% | 0.00% 21/21 · 100% | 0.00% 98/90 · 100% |
| Binance | 0.00% 3/3 · 100% | +0.07% 21/21 · 100% | -0.06% 95/90 · 100% |
| Bitget | 0.00% 3/3 · 100% | +0.02% 21/21 · 100% | +0.04% 90/90 · 100% |
| Bybit | 0.00% 3/3 · 100% | 0.00% 21/21 · 100% | -0.04% 90/90 · 100% |
| Coinbase | +0.02% 24/24 · 100% | — 100/168 · 60% | — 100/720 · 14% |
| Gate | 0.00% 3/3 · 100% | -0.04% 21/21 · 100% | +0.22% 90/90 · 100% |
| GRVT | 0.00% 3/3 · 100% | +0.02% 21/21 · 100% | +0.05% 95/90 · 100% |
| Hyperliquid | +0.01% 24/24 · 100% | +0.05% 168/168 · 100% | +0.29% 720/720 · 100% |
| Lighter | +0.01% 24/3 · 100% | +0.07% 168/21 · 100% | +0.29% 720/90 · 100% |
| OKX | 0.00% 3/3 · 100% | 0.00% 21/21 · 100% | +0.04% 90/90 · 100% |
| Orderly | +0.03% 3/3 · 100% | +0.21% 21/21 · 100% | +0.89% 90/90 · 100% |
Funding by session phase · 30D avg annualized
| Phase | Avg APR | Settlements |
|---|---|---|
| Market hours | +1.62% | 437 |
| After hours | +2.09% | 1141 |
| Weekend | +2.92% | 728 |
| Holiday | -1.67% | 72 |
Underlying equities print ~32.5 market hours a week; these perps trade 168. Accumulated and session tables cover every venue with a per-settlement feed; rollover venues (Ostium, Avantis) charge both sides continuously and publish no settle history.