Microsoft (MSFT)

Perp: MSFT on INTX · Hedge: MSFT (Stock)

Funding (ann.)

+0.0%

Basis

+0.29%

Open interest

$534,480

Status

delayed

Research note: funding below research threshold

Funding rate — annualized, 12074 settlement snapshots

Timezone: UTC · Units: % annualized · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T11:45:05+00:00

Basis — (perp mark − hedge) / hedge

Timezone: UTC · Units: % · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T11:45:05+00:00

Open interest — historical liquidity

Timezone: UTC · Units: USD notional · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T11:45:05+00:00

Persistence

9% of snapshots over the trailing 168h met the research condition: FR >= 20% APR, 7-day window.

Opened	Direction	Status	Net P&L	All-in P&L	Close reason
2026-10-07 17:49 UTC	short_hl_long_ib	closed	-$3.88	+$1.61	fr_decay 0.0%
2026-10-01 14:15 UTC	short_hl_long_ib	closed	+$3.31	+$11.91	fr_decay 0.0%
2026-06-23 14:46 UTC	short_hl_long_ib	closed	+$166.60	—	max hold 30d exceeded

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.