MSFT Perp Funding
Microsoft perpetual funding and carry across venues, annualized and mechanism-true.
Best venue to short+10.95%Gate · Shorts collect the funding longs pay
Cheapest venue to long-0.44%ApeX · Lowest funding a long pays. Negative means longs get paid.
Short-vs-long spread11.39%Short Gate / long ApeX
Open interest by venue$71M14 venues listing MSFT
ApeXstandard
-0.44%Annualized funding · settles every 1hMark $480.2OI $299K
Asterstandard
0.00%Annualized funding · settles every 8hMark $480.89OI $157K
Avantisfunding plus borrow
2.00% costAnnualized rollover, charged to both sidesMark $480.58OI $64K
Binancestandard
0.00%Annualized funding · settles every 8hMark $480.77OI $23M
Bitgetstandard
0.00%Annualized funding · settles every 8hMark $480.54OI $5M
Bybitstandard
0.00%Annualized funding · settles every 8hMark $480.66OI $5M
Coinbasestandard
+7.88%Annualized funding · settles every 1hMark $480.23OI $446K
Gatestandard
+10.95%Annualized funding · settles every 8hMark $480.33OI $3M
GRVTstandard
0.00%Annualized funding · settles every 8hMark $480.69OI $21K
Hyperliquidbuilder set
+5.47%Annualized funding · settles every 1hMark $480.25OI $28M
Lighterstandard
+3.50%Annualized funding · settles every 8hMark $480.33OI $1M
OKXstandard
0.00%Annualized funding · settles every 8hMark $480.64OI $5M
Orderlystandard
+10.86%Annualized funding · settles every 8hMark $479.49OI $10K
Ostiumfunding plus borrow
8.13% costAnnualized rollover, charged to both sidesMark $480.13OI $97K
Funding history · annualized
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Accumulated funding
| Venue | 1D | 7D | 30D |
|---|---|---|---|
| ApeX | -0.04% 24/24 · 100% | — 100/168 · 60% | — 100/720 · 14% |
| Aster | 0.00% 3/3 · 100% | 0.00% 21/21 · 100% | 0.00% 90/90 · 100% |
| Binance | 0.00% 3/3 · 100% | 0.00% 21/21 · 100% | -0.00% 90/90 · 100% |
| Bitget | 0.00% 3/3 · 100% | 0.00% 21/21 · 100% | +0.06% 90/90 · 100% |
| Bybit | -0.00% 3/3 · 100% | -0.17% 21/21 · 100% | -0.38% 90/90 · 100% |
| Coinbase | +0.03% 24/24 · 100% | — 100/168 · 60% | — 100/720 · 14% |
| Gate | -0.00% 3/3 · 100% | +0.13% 21/21 · 100% | +0.76% 90/90 · 100% |
| GRVT | 0.00% 3/3 · 100% | 0.00% 21/21 · 100% | +0.56% 90/90 · 100% |
| Hyperliquid | +0.00% 24/24 · 100% | +0.05% 168/168 · 100% | — 448/720 · 62% |
| Lighter | +0.01% 24/3 · 100% | +0.07% 168/21 · 100% | +0.30% 720/90 · 100% |
| OKX | 0.00% 3/3 · 100% | -0.01% 21/21 · 100% | -0.04% 90/90 · 100% |
| Orderly | +0.03% 3/3 · 100% | +0.21% 21/21 · 100% | +0.90% 90/90 · 100% |
Funding by session phase · 30D avg annualized
| Phase | Avg APR | Settlements |
|---|---|---|
| Market hours | +0.35% | 403 |
| After hours | +0.19% | 998 |
| Weekend | +0.78% | 687 |
| Holiday | — | 0 |
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.