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MSFT perpetuals

Compare funding costs for one asset across venues.

Data as of 2026-10-15 04:09 UTC

MSFT is quoted on 6 contracts. The highest funding rate is on Lighter at +3.50% annualised, quoted per 8h, and the lowest is on Gate at 0.00% — a gap of 3.50 points. Every contract here quotes its rate per 8h.

Highest rate now
+3.50%
Lighter · 8h
Lowest rate now
0.00%
Gate · 8h
Spread
3.50
points
Highest 30d realised APR
+0.96%
Gate

By venue

Venue Rate Annualised 30d realised APR Max leverage 24h turnover Actions
LighterOn-chainMSFT +0.0032%8h +3.50% —
no history yet
 20x 5.3M
Liquidation → Trade
OKXCentralisedMSFT-USDT-SWAP +0.0009%8h +0.97% +0.25%
Annualised · +0.25% · range 0.0% … +12.2% · 90 settlements
20x 3.2M
Liquidation → Trade
AsterOn-chainMSFTUSDT 0.0000%8h 0.00% —
no history yet
 20x 331.0K
Liquidation → Trade
BitgetCentralisedMSFTUSDT 0.0000%8h 0.00% +0.92%
Annualised · +0.92% · range 0.0% … +15.1% · 90 settlements
100x 3.1M
Liquidation → Trade
BybitCentralisedMSFTUSDT 0.0000%8h 0.00% -0.16%
Annualised · -0.16% · range -12.8% … +5.7% · 90 settlements
100x 6.5M
Liquidation → Trade
GateCentralisedMSFT_USDT 0.0000%8h 0.00% +0.96%
Annualised · +0.96% · range -9.7% … +35.3% · 90 settlements
100x 2.6M
Liquidation → Trade

Common questions

Which exchanges list MSFT perpetual futures?

MSFT trades as 6 perpetual contracts across 6 venues: Aster, Bitget, Bybit, Gate, Lighter and OKX. The busiest is Bybit, with $6.5M of 24h turnover — 31% of the total.

Where is MSFT funding cheapest right now?

For a long, the most favourable collected rate is 0.00% annualised on Gate; for a short, it is +3.50% on Lighter — a gap of 3.50 points.

How much funding does a 10,000 USDT MSFT position pay per day?

At current rates a 10,000 USDT long pays about +0.96 USDT a day on Lighter and 0.00 USDT on Gate. Over the past 30 days Gate actually settled an average of +0.26 USDT a day on the same position.

How often does MSFT funding settle?

It depends on the venue: Lighter every 1h; Aster, Bitget, Bybit, Gate and OKX every 8h.

What has MSFT funding actually paid over the past 30 days?

The highest realised figure was on Gate: +0.96% annualised across 90 settlements, 1% of them negative. The lowest was Bybit, at -0.16%. 4 of the 6 contracts have at least a week of settled history to measure.

What is the highest leverage available on MSFT?

The highest collected cap is 100x, on Bitget, Bybit and Gate. On Bitget it applies up to 5K USDT of notional; above that the cap drops to 75x.

Further readingCross-venue funding spreads: from gross rates to net P&LHow funding fees work: amounts, signs and settlementHow liquidation price is calculated: tiered maintenance margin and deductions

MSFT comparison scope and payment direction

This page retains low-turnover MSFT contracts without the main ranking’s $1M threshold. Positive funding is paid by longs; negative funding is paid by shorts. High and low are rate values, not recommendations. These contracts quote in USD and USDT; check each specification for settlement currency and multiplier before comparing. Annualisation method · Official sources.

Rates and chart methodology

Annualised over the window sums what actually settled on that contract, then extrapolates across the hours those settlements covered — it is not today's rate projected forward. A contract listed less than 30 days ago is extrapolated from its own span. The grey line is zero: above it longs pay, below it shorts pay. Every row in that column shares one vertical scale, so their swings can be compared directly.

Trading link disclosure

Affiliate disclosure: We may earn a commission if you register and trade through some links. Partnerships do not influence the data displayed or rankings.

Margin ladders

Lighter · MSFT No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – ∞ quote 3.0000% 20.00x —

OKX · MSFT-USDT-SWAP No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 180 base 2.0000% 20.00x —
2 180.01 – 360 base 3.0000% 15.00x —
3 360.01 – 540 base 4.0000% 12.50x —
4 540.01 – 720 base 4.5000% 11.76x —
5 720.01 – 900 base 5.0000% 11.11x —
6 900.01 – 1080 base 5.5000% 10.52x —
7 1080.01 – 1260 base 6.0000% 10.00x —
8 1260.01 – 1440 base 6.5000% 9.52x —
9 1440.01 – 1620 base 7.0000% 9.09x —
10 1620.01 – 1800 base 7.5000% 8.69x —
11 1800.01 – 1980 base 8.0000% 8.33x —
12 1980.01 – 2160 base 8.5000% 8.00x —
13 2160.01 – 2340 base 9.0000% 7.69x —
14 2340.01 – 2520 base 9.5000% 7.40x —
15 2520.01 – 2700 base 10.0000% 7.14x —
16 2700.01 – 2880 base 10.5000% 6.89x —
17 2880.01 – 3060 base 11.0000% 6.66x —
18 3060.01 – 3240 base 11.5000% 6.45x —
19 3240.01 – 3420 base 12.0000% 6.25x —
20 3420.01 – 3600 base 12.5000% 6.06x —
21 3600.01 – 3780 base 13.0000% 5.88x —
22 3780.01 – 3960 base 13.5000% 5.71x —
23 3960.01 – 4140 base 14.0000% 5.55x —
24 4140.01 – 4320 base 14.5000% 5.40x —
25 4320.01 – 4500 base 15.0000% 5.26x —
26 4500.01 – 4680 base 15.5000% 5.12x —
27 4680.01 – 4860 base 16.0000% 5.00x —
28 4860.01 – 5040 base 16.5000% 4.87x —
29 5040.01 – 5220 base 17.0000% 4.76x —
30 5220.01 – 5400 base 17.5000% 4.65x —
31 5400.01 – 5580 base 18.0000% 4.54x —
32 5580.01 – 5760 base 18.5000% 4.44x —
33 5760.01 – 5940 base 19.0000% 4.34x —
34 5940.01 – 6120 base 19.5000% 4.25x —
35 6120.01 – 6300 base 20.0000% 4.16x —
36 6300.01 – 6480 base 20.5000% 4.08x —
37 6480.01 – 6660 base 21.0000% 4.00x —
38 6660.01 – 6840 base 21.5000% 3.92x —
39 6840.01 – 7020 base 22.0000% 3.84x —
40 7020.01 – 7200 base 22.5000% 3.77x —
41 7200.01 – 7380 base 23.0000% 3.70x —
42 7380.01 – 7560 base 23.5000% 3.63x —
43 7560.01 – 7740 base 24.0000% 3.57x —
44 7740.01 – 7920 base 24.5000% 3.50x —
45 7920.01 – 8100 base 25.0000% 3.44x —
46 8100.01 – 8280 base 25.5000% 3.38x —
47 8280.01 – 8460 base 26.0000% 3.33x —
48 8460.01 – 8640 base 26.5000% 3.27x —
49 8640.01 – 8820 base 27.0000% 3.22x —
50 8820.01 – 9000 base 27.5000% 3.17x —
51 9000.01 – 9180 base 28.0000% 3.12x —
52 9180.01 – 9360 base 28.5000% 3.07x —
53 9360.01 – 9540 base 29.0000% 3.03x —
54 9540.01 – 9720 base 29.5000% 2.98x —
55 9720.01 – 9900 base 30.0000% 2.94x —
56 9900.01 – 10080 base 30.5000% 2.89x —
57 10080.01 – 10260 base 31.0000% 2.85x —
58 10260.01 – 10440 base 31.5000% 2.81x —
59 10440.01 – 10620 base 32.0000% 2.77x —
60 10620.01 – 10800 base 32.5000% 2.73x —
61 10800.01 – 10980 base 33.0000% 2.70x —
62 10980.01 – 11160 base 33.5000% 2.66x —
63 11160.01 – 11340 base 34.0000% 2.63x —
64 11340.01 – 11520 base 34.5000% 2.59x —
65 11520.01 – 11700 base 35.0000% 2.56x —
66 11700.01 – 11880 base 35.5000% 2.53x —
67 11880.01 – 12060 base 36.0000% 2.50x —
68 12060.01 – 12240 base 36.5000% 2.46x —
69 12240.01 – 12420 base 37.0000% 2.43x —
70 12420.01 – 12600 base 37.5000% 2.40x —
71 12600.01 – 12780 base 38.0000% 2.38x —
72 12780.01 – 12960 base 38.5000% 2.35x —
73 12960.01 – 13140 base 39.0000% 2.32x —
74 13140.01 – 13320 base 39.5000% 2.29x —
75 13320.01 – 13500 base 40.0000% 2.27x —
76 13500.01 – 13680 base 40.5000% 2.24x —
77 13680.01 – 13860 base 41.0000% 2.22x —
78 13860.01 – 14040 base 41.5000% 2.19x —
79 14040.01 – 14220 base 42.0000% 2.17x —
80 14220.01 – 14400 base 42.5000% 2.15x —
81 14400.01 – 14580 base 43.0000% 2.12x —
82 14580.01 – 14760 base 43.5000% 2.10x —
83 14760.01 – 14940 base 44.0000% 2.08x —
84 14940.01 – 15120 base 44.5000% 2.06x —
85 15120.01 – 15300 base 45.0000% 2.04x —
86 15300.01 – 15480 base 45.5000% 2.02x —
87 15480.01 – 15660 base 46.0000% 2.00x —

Aster · MSFTUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 1000000 quote 2.5000% 20.00x —
2 1000000 – 2000000 quote 5.0000% 10.00x 25000
3 2000000 – 5000000 quote 10.0000% 5.00x 125000
4 5000000 – 10000000 quote 12.5000% 4.00x 250000
5 10000000 – 20000000 quote 16.6700% 3.00x 667000
6 20000000 – 40000000 quote 25.0000% 2.00x 2333000
7 40000000 – 1000000000 quote 50.0000% 1.00x 12333000

Bitget · MSFTUSDT No deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 0.5000% 100.00x —
2 5000 – 10000 quote 0.7000% 75.00x —
3 10000 – 20000 quote 1.0000% 50.00x —
4 20000 – 50000 quote 2.0000% 25.00x —
5 50000 – 75000 quote 2.5000% 20.00x —
6 75000 – 300000 quote 4.0000% 15.00x —
7 300000 – 600000 quote 5.0000% 10.00x —
8 600000 – 1000000 quote 7.0000% 8.00x —
9 1000000 – 1250000 quote 9.0000% 6.00x —
10 1250000 – 2000000 quote 10.0000% 5.00x —
11 2000000 – 5000000 quote 12.5000% 4.00x —
12 5000000 – 15000000 quote 30.0000% 2.00x —
13 15000000 – ∞ quote 60.0000% 1.00x —

Bybit · MSFTUSDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 0.5000% 100.00x —
2 5000 – 10000 quote 0.6700% 75.00x 8.5
3 10000 – 50000 quote 1.0000% 50.00x 41.5
4 50000 – 100000 quote 1.2500% 40.00x 166.5
5 100000 – 150000 quote 1.6700% 30.00x 586.5
6 150000 – 200000 quote 2.0000% 25.00x 1081.5
7 200000 – 300000 quote 2.0800% 24.00x 1241.5
8 300000 – 400000 quote 2.1700% 23.00x 1511.5
9 400000 – 500000 quote 2.2700% 22.00x 1911.5
10 500000 – 600000 quote 2.3800% 21.00x 2461.5
11 600000 – 800000 quote 2.5000% 20.00x 3181.5
12 800000 – 1000000 quote 2.6300% 19.00x 4221.5
13 1000000 – 1500000 quote 2.7800% 18.00x 5721.5
14 1500000 – 2000000 quote 2.9400% 17.00x 8121.5
15 2000000 – 2500000 quote 3.1300% 16.00x 11921.5
16 2500000 – 3000000 quote 3.3300% 15.00x 16921.5
17 3000000 – 3500000 quote 3.5700% 14.00x 24121.5
18 3500000 – 4000000 quote 3.8500% 13.00x 33921.5
19 4000000 – 4500000 quote 4.1700% 12.00x 46721.5
20 4500000 – 5000000 quote 4.5500% 11.00x 63821.5
21 5000000 – 6000000 quote 5.0000% 10.00x 86321.5
22 6000000 – 7000000 quote 5.5600% 9.00x 119921.5
23 7000000 – 8000000 quote 6.2500% 8.00x 168221.5
24 8000000 – 9000000 quote 7.1400% 7.00x 239421.5
25 9000000 – 10000000 quote 8.3300% 6.00x 346521.5
26 10000000 – 11000000 quote 10.0000% 5.00x 513521.5
27 11000000 – 20000000 quote 12.5000% 4.00x 788521.5
28 20000000 – 40000000 quote 16.6700% 3.00x 1622521.5
29 40000000 – 70000000 quote 25.0000% 2.00x 4954521.5
30 70000000 – ∞ quote 50.0000% 1.00x 22454521.5

Gate · MSFT_USDT With deduction

Tier Range Maintenance rate Max leverage Deduction
1 0 – 5000 quote 0.5000% 100.00x —
2 5000 – 10000 quote 0.7500% 75.00x 12.5
3 10000 – 20000 quote 1.0000% 50.00x 37.5
4 20000 – 50000 quote 1.5000% 40.00x 137.5
5 50000 – 100000 quote 2.0000% 25.00x 387.5
6 100000 – 200000 quote 3.0000% 20.00x 1387.5
7 200000 – 500000 quote 5.0000% 10.00x 5387.5
8 500000 – 1000000 quote 10.0000% 5.00x 30387.5
9 1000000 – 1500000 quote 20.0000% 3.00x 130387.5
10 1500000 – 2500000 quote 30.0000% 2.00x 280387.5
11 2500000 – 4000000 quote 40.0000% 1.50x 530387.5
12 4000000 – ∞ quote 60.0000% 1.05x 1330387.5