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Equity · Technology
Microsoft Corporation (MSFT) perpetual futures
MSFT perpetual futures on 29 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade MSFTUSDT.
Microsoft develops software, cloud services, gaming, and devices across productivity, cloud computing, and personal computing divisions.
$507.72-1.3%NASDAQ closed
Price chart
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Collecting venue price data...
venue perp mark · Binance (MSFT/USDT)
Auto: highest-volume live perp venueOpen in TradingView
Trading data
Perpetual market activity
29/29 live markets
Trading data
Perpetual market activity
Venues
29
Live markets
29/29
24h volume
$92.7MCoverage: 23/29 marketsExchange-reported volume: $105.1M
Open interest
$117.5MCoverage: 22/29 markets
Best liquidity
$6.2M
LBank
Tightest spread
+0.2 bps
Ourbit
Highest volume
$35M
Binance
Settlement mix
USDT · 17/29
Perp/spot vol.
0.01x
Spot volume $9.9B
OI / float
0.00%
Float $3.8T
Spot performance
1D-1.35%
5D+1.69%
1M-0.84%
6M+42.73%
YTD+5.29%
1Y-1.05%
Venue matrix
29 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | MSFT/USDT | Trading | $507.74 | +7.3% APR +0.00666% every 8h | +0.2 bps | - | $35M | $17.8M | USDT | - | |
 LBank | Trade | MSFT/USDT | Trading | $507.72 | +7.3% APR +0.00666% every 8h | +0.2 bps | $6.2M | $18.5M | - | USDT | 50x | |
 Hyperliquid HIP-3 | Trade | xyz:MSFT | Trading | $507.17 | +5.5% APR +0.00063% every 1h | +0.6 bps | $227.5K | $12.8M | $23.2M | USDC | 20x | |
 Bybit | Trade | MSFT/USDT | Trading | $507.40 | 0.0% APR 0.000% every 8h | +1.6 bps | $717.5K | $4.9M | $8.2M | USDT | 100x | |
 Bitget | Trade | MSFT/USDT | Trading | $507.61 | 0.0% APR 0.000% every 8h | +0.2 bps | - | $4.4M | $3.5M | USDT | 100x | |
 MEXC | Trade | MSFT/USDT | Trading | $507.73 | +7.2% APR +0.00660% every 8h | +0.2 bps | $1.3M | $4.4M | $17.2M | USDT | 100x | |
 Gate.io | Trade | MSFT/USDT | Trading | $507.66 | 0.0% APR 0.000% every 8h | +0.4 bps | - | $2.8M | $3.1M | USDT | 100x | |
 OKX | Trade | MSFT/USDT | Trading | $507.70 | 0.0% APR 0.000% every 8h | +2.6 bps | $579.1K | $2.1M | $3M | USDT | 20x | |
 KuCoin | Trade | MSFT/USDT | Trading | $507.27 | 0.0% APR 0.000% every 8h | +9.9 bps | $39.3K | $1.6M | $1.5M | USDT | 20x | |
 Coinbase International | Trade | MSFT/USDC | Trading | $507.16 | +1.8% APR +0.00020% every 1h | +3.0 bps | - | $1.5M | $751.3K | USDC | - | |
 Bitunix | Trade | MSFT/USDT | Trading | $507.70 | +6.4% APR +0.00584% every 8h | +3.7 bps | $5.6M | $1M | - | USDT | 50x | |
 Phemex | Trade | MSFT / USDT | Trading | $507.74 | 0.0% APR 0.000% every 8h | +0.8 bps | $56K | $960.3K | $2.2M | USDT | 10x | |
 Lighter | Trade | MSFT | Trading | $507.34 | +3.5% APR +0.00040% every 1h | +2.0 bps | $872.1K | $866.7K | $1.2M | USDC | 20x | |
 Ondo Perps | Trade | MSFT/USD | Trading | $507.16 | - | +4.1 bps | $709.9K | $512.4K | $569.2K | USDC | 15x | |
 GRVT | Trade | MSFT/USDT | Trading | $507.69 | 0.0% APR 0.000% every 8h | +2.6 bps | $357.5K | $287.7K | $18.5K | USDT | - | |
 XT.com | Trade | MSFT/USDT | Trading | $507.60 | +7.3% APR +0.00666% every 8h | +3.3 bps | $105.2K | $267.1K | $33.9M | USDT | 20x | |
 BloFin | Trade | MSFT/USDT | Trading | $507.75 | +5.0% APR +0.00453% every 8h | +0.2 bps | $1.6M | $248.3K | $192.6K | USDT | 20x | |
 Aster | Trade | MSFTUSDT | Trading | $507.64 | 0.0% APR 0.000% every 8h | +7.9 bps | $91.7K | $159.7K | $173.2K | USDT | - | |
 HTX | Trade | MSFT/USDT | Trading | $507.64 | - | +5.3 bps | $1.3M | $121.2K | - | USDT | - | |
 Helix (Injective) | Trade | MSFT/USDC | Trading | $507.18 | +24.1% APR +0.00275% every 1h | +20.1 bps | $266.4K | $71.5K | - | USDC | 30x | |
 Crypto.com Exchange | Trade | MSFT/USD | Trading | $506.64 | +11.9% APR +0.00136% every 1h | +4.1 bps | $16.4K | $19.5K | $67.9K | USD | 50x | |
 Orderly Network | Trade | MSFT/USDC | Trading | $507.46 | +11.0% APR +0.010% every 8h | - | - | $457 | $8.3K | USDC | - | |
 Paradex | Trade | MSFT/USD | Trading | $507.40 | +5.8% APR +0.00526% every 8h | +14,285.9 bps | $0 | $0 | $223.3 | USDC | 5x | |
 Vest | Trade | MSFT/USDC | Trading | $507.61 | +5.0% APR +0.00057% every 1h | +12.0 bps | $278.8K | - | - | USDC | 25x | |
 Aevo | Trade | MSFT/USDC | Trading | $507.50 | - | +13.2 bps | $202.2K | - | - | USDC | 10x | |
 gTrade (Gains) | Trade | MSFT/USD | Trading | $509.39 | - | - | - | - | - | USD | 4x | |
 Ourbit | Trade | MSFT/USDT | Trading | $507.75 | +7.2% APR +0.00660% every 8h | +0.2 bps | - | $7.7M⚠ | $176.1K | USDT | 100x | |
 Extended | Trade | MSFT/USD | Trading | $507.52 | +7.0% APR +0.00080% every 1h | +1.2 bps | $422.5K | $2.8M⚠ | $430.6K | USD | 16.66x | |
 BingX | Trade | MSFT-USDT | Trading | $507.75 | -5.5% APR -0.00500% every 8h | +1.6 bps | $3M | $1.9M⚠ | $505.4K | USDT | - |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| MSFTonOndo GM | $509.93 | +0.43% | $3.5M | $7.9M | Ethereum · BNB Smart Chain (BEP20) · Solana · HyperEVM |
| MSFTBbStocks | $506.84 | -0.17% | $2.0M | $3.0M | BNB Smart Chain (BEP20) |
| MSFTXxStocks | $509.10 | +0.27% | $1.4M | $7.6M | Solana · Arbitrum · BNB Smart Chain (BEP20) · Ink |
| MSFTRobinhood | $507.65 | -0.06% | $450k | $2.9M | Robinhood Chain |
| WMSFTXxStocks | $511.05 | +0.66% | $63k | $145k | X Layer · Arbitrum |
| rMSFTTokenized | $506.74 | -0.19% | $63k | $1.3M | Arbitrum |
| MSFTTokenized | $507.46 | -0.05% | $13k | – | – |
| Exchange | Pair | Price | 24h Vol. | Liquidity |
|---|---|---|---|---|
 uniswapDEX · robinhood | MSFT/SPY ↗ | $507.65 | $450k | $419k |
 raydiumDEX · solana | MSFTx/USDC ↗ | $510.56 | $366k | $396k |
| gateioCEX | MSFTON/USDT ↗ | $510.16 | $243k | – |
 pancakeswapDEX · bsc | MSFTB/USDT ↗ | $508.70 | $133k | $287k |
| uniswapDEX · robinhood | MSFT/USDG ↗ | – | – | – |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 20 of 29 venues absorb $10k · Typical cost: +6.4 bps – +12.2 bps
Cheapest execution: Lighter · +1.7 bps
Too thin: Crypto.com Exchange
No fresh book data: Binance, Ourbit, Bitget, Gate.io, Coinbase International, Orderly Network, Paradex, gTrade (Gains)
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
MSFTTightest spread
MSFTHighest volume
MSFTFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketCompany data
Company fundamentals
Updated 1h ago
Company data
Company fundamentals
Market cap
$3.8T
Updated 1h ago
Revenue
$331.8B
Trailing 12 months
Revenue growth
+18%
Next fiscal year
Profit margin
+40.3%
P/E
28.3
Peer P/E 28.8
Free cash flow
$67B
Trailing 12 months
More metrics
Net income
$133.7B
Trailing 12 months
P/S
11.4
Peer P/E
28.8
Similar listed perps
Revenue estimate
$390.6B
Next fiscal year
Earnings
2026-10-28
Revenue est. $90.6B · Updated 1h ago
Dividend
$0.98
2026-11-19
Fundamental detail
Annual + quarterlyLatest revenue$331.8B
Net margin+40.3%
Free cash flow$67B
Net debt$107.9B
PeriodRevenueGrowthNet incomeFCF
2021$168.1B+18%$61.3B$56.1B
2022$198.3B+18%$72.7B$65.1B
2023$211.9B+7%$72.4B$59.5B
2024$245.1B+16%$88.1B$74.1B
2025$281.7B+15%$101.8B$71.6B
2026$331.8B+18%$133.7B$67B
PeriodGross marginOperating marginNet marginROEROA
2021+68.9%+41.6%+36.5%+43.2%+18.4%
2022+68.4%+42.1%+36.7%+43.7%+19.9%
2023+68.9%+41.8%+34.1%+35.1%+17.6%
2024+69.8%+44.6%+36.0%+32.8%+17.2%
2025+68.8%+45.6%+36.1%+29.6%+16.5%
2026+67.9%+46.8%+40.3%+30.2%+17.6%
PeriodCashDebtNet debtCurrent ratio
2021$14.2B$82.3B$68.1B2.08
2022$13.9B$78.4B$64.5B1.78
2023$34.7B$79.4B$44.7B1.77
2024$18.3B$97.9B$79.5B1.27
2025$30.2B$112.2B$81.9B1.35
2026$20.9B$128.8B$107.9B1.23
PeriodMarket capEnterprise valueP/SP/E
2021$2T$2.1T12.233.4
2022$1.9T$2T9.726.5
2023$2.5T$2.6T12.035.0
2024$3.4T$3.5T13.838.5
2025$3.7T$3.8T13.136.3
2026$2.8T$2.9T8.420.7
PeriodRevenueGrowthNet incomeFCF
Q1 2025$65.6B+16%$24.7B$19.3B
Q2 2025$69.6B+12%$24.1B$6.5B
Q3 2025$70.1B+13%$25.8B$20.3B
Q4 2025$76.4B+18%$27.2B$25.6B
Q1 2026$77.7B+18%$27.7B$25.7B
Q2 2026$81.3B+17%$38.5B$5.9B
Q3 2026$82.9B+18%$31.8B$15.8B
Q4 2026$90B+18%$35.8B$19.6B
PeriodGross marginOperating marginNet marginROEROA
Q1 2025+69.4%+46.6%+37.6%+8.6%+4.7%
Q2 2025+68.7%+45.5%+34.6%+8.0%+4.5%
Q3 2025+68.7%+45.7%+36.9%+8.0%+4.6%
Q4 2025+68.6%+44.9%+35.6%+7.9%+4.4%
Q1 2026+69.0%+48.9%+35.7%+7.6%+4.4%
Q2 2026+68.0%+47.1%+47.3%+9.8%+5.8%
Q3 2026+67.6%+46.3%+38.3%+7.7%+4.6%
Q4 2026+67.2%+45.1%+39.7%+8.1%+4.7%
PeriodCashDebtNet debtCurrent ratio
Q1 2025$20.8B$96.8B$76B1.30
Q2 2025$17.5B$102.9B$85.4B1.35
Q3 2025$28.8B$105B$76.2B1.37
Q4 2025$30.2B$112.2B$81.9B1.35
Q1 2026$28.8B$120.4B$91.5B1.40
Q2 2026$24.3B$123.3B$99B1.39
Q3 2026$32.1B$125.4B$93.3B1.28
Q4 2026$20.9B$128.8B$107.9B1.23
PeriodMarket capEnterprise valueP/SP/E
Q1 2025$3.2T$3.3T48.832.4
Q2 2025$3.1T$3.2T45.032.5
Q3 2025$2.8T$2.9T39.827.0
Q4 2025$3.7T$3.8T48.434.0
Q1 2026$3.8T$3.9T49.634.7
Q2 2026$3.6T$3.7T44.223.3
Q3 2026$2.7T$2.8T33.221.6
Q4 2026$2.8T$2.9T30.819.4
Refreshed 1h ago
Charts: revenue, profit, cash flow & valuation
CashDebt
Gross marginOperating marginNet margin
P/EP/S
CashDebt
Gross marginOperating marginNet margin
P/EP/S
Next catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2026-10-28
Revenue est. $90.6B · Updated 1h ago
Dividend
$0.98
2026-11-19
No unusual perp activity right now.
FMP reference data
Market context
FMP reference data
Market context
NASDAQ
After-hours reference
Bid509.3
Ask512
Volume19,626,939
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 202719.73$390.6B+18%30
FY 202823.48$466.6B+41%28
FY 202928.69$564.8B+70%14
FY 203035.15$671.2B+102%12
FY 203144.85$869.9B+162%7
Q3 20275.50$108B+30%9
Company events
62026-11-19Dividend$0.98-
2026-10-28EarningsActual - / Estimate 4.71-
2026-08-20Dividend$0.91-
2026-07-29EarningsActual 4.74 / Estimate 4.24Beat
2026-05-21Dividend$0.91-
2026-04-29EarningsActual 4.27 / Estimate 4.06Beat
Peer comparison
Similar listed perpsRevenue mix
PendingSegment data is not available yet.
Analysts
PendingNo analyst data available yet.
Ownership
MSFT-PERPOwnership data is being populated.
Filings
PendingNo filings available yet.
Transcripts
PendingNo transcripts available yet.
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.No articles from Reuters, WSJ, Bloomberg or FT for this company in our feed.
FMP company data
Company intelligence
Updated: Sep 29, 2026, 05:58 AM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Software - Infrastructure
- Chief executive
- Satya Nadella
- Employees
- 223,000
- IPO date
- Mar 13, 1986
- Country
- US
- Exchange
- NASDAQ Global Select
Altman Z-scorei9.12
Piotroski scorei6/9
FMP ratingiA-
Owner earningsi$28.59B$3.84 per share
ESG risk ratingiBIndustry rank: 7 out of 27
Rating factors
- Return on equityi
- 5
- Return on assetsi
- 5
- Debt to equityi
- 2
- Price to earningsi
- 2
- Price to booki
- 2
Company press releases
Neat Board 32, Neat Pad Pro, and Neat Pad Generation 2 Achieve Microsoft Teams CertificationBusiness WireMicrosoft Azure Red Hat OpenShift for Microsoft Azure Government Achieves IL5 CertificationBusiness WireIFI Techsolutions achieves Agentic DevOps with Microsoft Azure and GitHub SpecializationBusiness WireMicrosoft announces quarterly dividend increasePRNewsWireTrueFoundry AI Gateway Now Available in the Microsoft MarketplaceBusiness WireEuromonitor Introduces Passport Intelligence Through Microsoft 365 CopilotBusiness Wire
Congressional disclosures
Senate
Shelley Moore CapitoSale · $15,001 - $50,000Disclosed: Aug 4, 2026Mark R. WarnerPurchase · $1,001 - $15,000Disclosed: May 1, 2026Mark WarnerPurchase · $1,001 - $15,000Disclosed: May 1, 2026John Karl FettermanPurchase · $1,001 - $15,000Disclosed: Apr 3, 2026John FettermanPurchase · $1,001 - $15,000Disclosed: Apr 3, 2026
House
Thomas H. KeanSale · $15,001 - $50,000Disclosed: Sep 14, 2026David TaylorSale · $1,001 - $15,000Disclosed: Sep 7, 2026David J. TaylorSale (Full) · $1,001 - $15,000Disclosed: Sep 7, 2026David J. TaylorSale (Full) · $1,001 - $15,000Disclosed: Sep 7, 2026Kevin HernSale (Partial) · $15,001 - $50,000Disclosed: Sep 2, 2026
Market cap history
$3.83T+40.1%Jun 26 – Sep 26
Latest: $3.83T · 2026-09-25High: $3.83T · 2026-09-25Low: $2.74T · 2026-06-29
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| 189400.KS | 3.35% | 35.3T |
| VTI | 5.1% | 236.1M |
| VOO | 5.69% | 197.4M |
| IVV | 5.56% | 98.7M |
| 1655.T | 5.54% | 98.7M |
| 1657.T | 4.28% | 98.7M |
| XAW.TO | 3.27% | 98.7M |
| XSP.TO | 5.67% | 98.7M |
| XUU.TO | 4.95% | 98.7M |
| XWD.TO | 4.03% | 98.7M |
| 1557.T | 5.6% | 91.6M |
| SPY | 5.74% | 91.3M |
Analyst track record
How the analysts covering MSFT have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 343 | 1,081 |
| Analysts | 63 | 86 |
| Buy / hold / sell | 328 / 15 / 0 | 1039 / 40 / 2 |
| Upgrades / downgrades / initiations | 3 / 4 / 9 | 8 / 8 / 20 |
| Price targets hit / missed | 14 / 299 (4%) | 353 / 636 (36%) |
| Avg. return after a rating (TipRanks) | -15.0% | -3.2% |
| Best / worst call | +27.0% / -28.9% | +34.6% / -28.9% |
After buy calls on this stock: median 21-day move +1.5% vs S&P 500 -1.0% (n = 1,038)
Most accurate on this stock
Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.
- Gregg MoskowitzMizuho Securities96% hit rate on this stock · 23 targets measuredBuytarget $510Jul 30, 2026
- Timothy HoranOppenheimer93% hit rate on this stock · 15 targets measuredBuytarget $570Sep 22, 2026
- Derrick WoodTD Cowen90% hit rate on this stock · 20 targets measuredBuytarget $540Jul 30, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Sep 28, 2026 | Jason AderWilliam Blair | BuyMaintained | – | article ↗ |
| Sep 28, 2026 | Samik ChatterjeeJ.P. Morgan | BuyMaintained | $625 | article ↗ |
| Sep 28, 2026 | Brent ThillJefferies | BuyMaintained | $575 | article ↗ |
| Sep 28, 2026 | Samik ChatterjeeJ.P. Morgan | BuyMaintained | $625 | |
| Sep 28, 2026 | Jason AderWilliam Blair | BuyMaintained | – |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data via FMP · computed Sep 28, 2026 · 343 ratings
Frequently asked questions
Where can I trade MSFT perpetual futures?
Microsoft Corporation (MSFT) perpetual futures trade on 29 crypto venues, including Binance, LBank, Hyperliquid HIP-3. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade MSFT around the clock?
Yes. Unlike the underlying stock, MSFT perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on MSFT perpetuals?
Right now the MSFT perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +7.3% across 29 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the MSFT perp price compare to the Microsoft Corporation stock?
The venue-median MSFT perp mark is $507.6 versus a reference stock price of $507.7, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a MSFT perpetual future?
A MSFT perpetual is a derivative that tracks the price of Microsoft Corporation with no expiry date. It lets you take long or short exposure to Microsoft Corporation on crypto venues, around the clock.
What is MSFTUSDT perpetual?
MSFTUSDT is the symbol most crypto exchanges use for the Microsoft Corporation perpetual settled in USDT (Tether). It tracks the MSFT share price through an index, trades 24/7 with leverage and never expires.
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