Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against Bitget−0.014%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 7 days−0.119%−$12 · spread now −0.014%, 7d avg −0.101%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.087% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.101%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSFTUSDT | 503.50 | 0 | get 0.0000% / 8h | 5h 59m | $3.9M | $2.8M | 100x |
| Short | Polymarket Perps MSFT-USD | 503.43 | 0.0050 | get 0.0006% / 1h | 59m 01s | $318K | $677K | 10x |
Bitget MSFTUSDT
Polymarket Perps MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Bitget. 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
- $10.5
- Price spread: −0.014% → −0.101%
- $8.74
- Slippage, 4 orders
- −$11.75
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$12.51
- Costs to cover
- 0.317%
- Break-even
- 15.3 days
Slippage from Bitget: live order book, 2 min ago; Polymarket Perps: live order book, 52 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 Bitget live order book, 2 min ago | 1.88 bp | 9.8 bp −$10 | 13.4 bp −$134 | 42.3 bp −$4,226 | doesn't fit |
| Sell Polymarket Perps live order book, 52 min ago | 2.28 bp | 6.3 bp −$6 | 10.2 bp −$102 | doesn't fit | doesn't fit |
MSFT on 34 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.1600% | 1h | 503.33 | −0.034% | $32K | $8K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0006% | 8h | 503.77 | +0.054% | $202K | $211K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.11 | +0.121% | $166K | $118K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.61 | +0.021% | $326K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.51 | +0.001% | $16.3M | $20.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.93 | −0.113% | $7.3M | $2.3M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.49 | −0.002% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDTlong | 0.0000% | 8h | 503.50 | long leg | $3.9M | $2.8M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 503.63 | +0.025% | $1.3M | $392K | — | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.54 | +0.207% | $6K | $3.5M | 20x | as long as short |
Hotstuff MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Variational Omni MSFT
SunX MSFT-USDTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.40 | −0.020% | $27K | $44K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 503.46 | −0.008% | $697K | $498K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.65 | +0.030% | $48K | $246K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.32 | +0.163% | $2.3M | $904K | 10x | as long as short |
| edgeX MSFTUSDC | +0.0002% | 4h | 503.56 | +0.012% | $102K | $244K | 10x | as long as short |
| Nado MSFT-PERP | +0.0008% | 1h | 503.53 | +0.005% | $411K | $72K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.53 | +0.006% | $1.2M | $479K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.53 | +0.006% | $692K | $1.8M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.68 | +0.036% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 503.20 | −0.060% | $11K | $5K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 502.40 | −0.218% | $22.5M | $9.2M | 20x | as long as short |
| Polymarket Perps MSFT-USDshort | +0.0050% | 1h | 503.43 | −0.014% | $318K | $677K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.57 | +0.014% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.28 | −0.044% | $532K | $381K | 15x | as long as short |
| Arcus MSFT-USD | +0.0052% | 1h | 503.51 | +0.002% | $93K | $83K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0058% | 8h | 503.54 | +0.008% | $222 | — | 5x | as long as short |
| QFEX MSFT-USD | +0.0061% | 1h | 503.63 | +0.026% | $1.1M | $4.7M | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0063% | 8h | 503.87 | +0.073% | $3.2M | $2.7M | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.43 | −0.014% | $1.6M | $212K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.49 | −0.002% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.74 | +0.048% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.65 | +0.030% | $55 | — | 10x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0110% | 8h | 504.16 | +0.130% | $19K | $314K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.07 | +0.113% | $115K | $45K | 30x | as long as short |
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
edgeX MSFTUSDC
Nado MSFT-PERP
Lighter MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
Phoenix MSFT
tradeXYZ xyz:MSFT
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Arcus MSFT-USD
Paradex MSFT-USD-PERP
QFEX MSFT-USD
OKX MSFT-USDT-SWAP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
GRVT MSFT_USDT_Perp
Injective MSFT/USDC PERP