Microsoft (MSFT)
Perp: MSFT on INTX · Hedge: MSFT (Stock)
Funding (ann.)
-7.0%
Basis
-1.22%
Open interest
$610,548
Status
delayed
Research note: basis exceeds research limit
Funding rate — annualized, 3479 settlement snapshots
Timezone: UTC · Units: % annualized · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-09-15T09:30:22+00:00
Basis — (perp mark − hedge) / hedge
Timezone: UTC · Units: % · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-09-15T09:30:22+00:00
Open interest — historical liquidity
Timezone: UTC · Units: USD notional · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-09-15T09:30:22+00:00
Persistence
2% of snapshots over the trailing 168h met the research condition: FR <= -20% APR, 7-day window.
Relevant paper trades
| Opened | Direction | Status | Net P&L | All-in P&L | Close reason |
|---|---|---|---|---|---|
| 2026-06-23 14:46 UTC | short_hl_long_ib | closed | +$166.60 | — | max hold 30d exceeded |
Known limitations
- The hedge leg only trades during its market's own hours; the perp trades 24/7 — see Methodology for how naked-leg windows are handled.
- Funding and basis figures are delayed, not real-time — see the status strip at the top of every page.