Funding you earn now, next payment 00:00 UTC−0.0236%/8h= −25.8% APRnext payment −$0.29 per $10,000 · paid last 24h −0.061%
Price spread now: Polymarket Perps against Arcus−0.062%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$290.291% of the position
Funding, last 3 days (all we have)−0.089%−$9 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.062%, 7d avg −0.049%
=The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MSFT-USD | 501.61 | 0.0286 | pay 0.0036% / 1h | 1m 08s | $97K | $109K | 10x |
| Short | Polymarket Perps MSFT-USD | 501.30 | 0.0050 | get 0.0006% / 1h | 1m 08s | $303K | $678K | 10x |
Arcus MSFT-USD
Polymarket Perps MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$49.53
- Price spread: −0.062% → −0.049%
- −$1.23
- Slippage, 4 orders
- −$16.61
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$79.88
- Costs to cover
- 0.291%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 12 min ago; Polymarket Perps: live order book, 12 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Arcus live order book, 12 min ago | 2.39 bp | 8.7 bp −$9 | 9.5 bp −$95 | 19.5 bp −$1,945 | doesn't fit |
| Sell Polymarket Perps live order book, 12 min ago | 1.40 bp | 5.5 bp −$6 | 6.4 bp −$64 | 7.4 bp −$737 | doesn't fit |
MSFT on 34 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERP | −0.0018% | 1h | 501.40 | −0.042% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 501.76 | +0.030% | $687K | $449K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0008% | 1h | 501.32 | −0.058% | $32K | $8K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.79 | +0.037% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.67 | +0.011% | $337K | $387K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.80 | +0.037% | $15.6M | $19.0M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.85 | +0.048% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.48 | −0.026% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.82 | +0.042% | $3.8M | $2.3M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.66 | +0.009% | $1.3M | $692K | — | as long as short |
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Hotstuff MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.74 | +0.026% | $18K | $294K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.48 | +0.173% | $6K | $4.3M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.66 | +0.010% | $59K | $228K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.06 | +0.090% | $2.2M | $746K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0002% | 8h | 501.76 | +0.030% | $188K | $209K | 20x | as long as short |
| Bybit MSFTUSDT | +0.0032% | 8h | 501.82 | +0.042% | $7.4M | $1.7M | 100x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.68 | +0.014% | $619K | $2.1M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.54 | −0.014% | — | $1K | 25x | as long as short |
| QFEX MSFT-USD | +0.0049% | 1h | 501.65 | +0.008% | $1.2M | $5.9M | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.41 | −0.040% | $22.3M | $9.4M | 20x | as long as short |
| Polymarket Perps MSFT-USDshort | +0.0050% | 1h | 501.30 | −0.062% | $303K | $678K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.69 | +0.016% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.23 | −0.076% | $529K | $493K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 501.59 | −0.003% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.37 | −0.048% | $10K | $15K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0089% | 1h | 501.64 | +0.006% | $27K | $102K | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.17 | −0.088% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.46 | −0.030% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.61 | 0.000% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.64 | +0.007% | $55 | — | 10x | as long as short |
| edgeX MSFTUSDC | +0.0150% | 4h | 501.63 | +0.005% | $102K | $243K | 10x | as long as short |
| Lighter MSFT | +0.0160% | 1h | 501.93 | +0.064% | $1.1M | $586K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.31 | +0.140% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USDlong | +0.0286% | 1h | 501.61 | long leg | $97K | $109K | 10x |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Bybit MSFTUSDT
Lighter RH MSFT
Vest MSFT-USD-PERP
QFEX MSFT-USD
tradeXYZ xyz:MSFT
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
Deribit MSFT_USDC-PERPETUAL
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
edgeX MSFTUSDC
Lighter MSFT
Injective MSFT/USDC PERP