Microsoft (MSFT) Funding Rate History
Microsoft (MSFT) perpetual futures funding ranges from 0.00 bps on PHEMEX to 8.20 bps on KUCOIN across 19 reporting venues, a spread of 8.20 bps. The most extreme rate (89.79% APY annualized) is on KUCOIN. Currently all venues currently report positive funding (longs paying shorts).
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on MSFT price.
MSFT Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| KUCOIN | 8.20 bps | 89.79% APY | 3.40 bps | $1.52M |
| LIGHTER | 6.20 bps | 67.89% APY | 1.50 bps | $2.64M |
| GRVT | 4.40 bps | 48.18% APY | 2.30 bps | $652.81K |
| OKX | 3.90 bps | 42.70% APY | 2.10 bps | $9.40M |
| CRYPTOCOM | 3.90 bps | 42.70% APY | 2.30 bps | $32.76K |
| BINANCE | 3.80 bps | 41.61% APY | 2.40 bps | $42.05M |
| TRADEXYZ | 3.40 bps | 37.23% APY | 1.80 bps | $27.21M |
| BYBIT | 2.70 bps | 29.57% APY | 4.60 bps | $933.89K |
| BITGET | 2.20 bps | 24.09% APY | 5.30 bps | $10.56M |
| HOTSTUFF | 1.60 bps | 17.52% APY | -5.10 bps | $375.57K |
| NADO | 1.50 bps | 16.42% APY | 0.70 bps | $215.55K |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $54.36K |
| GATEIO | 0.80 bps | 8.76% APY | 12.00 bps | $1.06M |
| DREAMCASH | 0.50 bps | 5.47% APY | 3.40 bps | $2.91M |
| VEST | 0.50 bps | 5.47% APY | 0.50 bps | $933.37K |
| ASTER | 0.40 bps | 4.38% APY | 0.30 bps | $191.18K |
| EXTENDED | 0.30 bps | 3.28% APY | 1.40 bps | $1.34M |
| PHEMEX | 0.00 bps | 0.00% APY | 0.00 bps | $1.32M |
| QFEX | 0.00 bps | 0.00% APY | 0.40 bps | $741.84K |
Last updated 2026-06-01T16:09:03.463776Z (UTC).
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Related: MSFT open interest, MSFT volume, MSFT perp market data.