Funding you earn now, next payment 09:00 UTC−0.0897%/8h= −98.2% APRpaid last 24h +0.076%
Price spread now: Polymarket Perps against edgeX+0.007%64s7-day average −0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.007%, 7d avg −0.076%
=Together, before fees−0.154%+ Points / potential airdropedgeX: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.083% dearer against edgeX than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.076%): +$8 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.081%, so the current rate has only just turned against you. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSFTUSDC | 503.54 | 0.0947 | pay 0.0473% / 4h | 3h 55m | $102K | $244K | 10x |
| Short | Polymarket Perps MSFT-USD | 503.58 | 0.0050 | get 0.0006% / 1h | 55m 37s | $303K | $717K | 10x |
edgeX MSFTUSDC
Polymarket Perps MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against edgeX. 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
- −$188.29
- Price spread: +0.007% → −0.076%
- $8.3
- Slippage, 4 orders
- −$15.88
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$212.87
- Costs to cover
- 0.329%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 42 min ago; Polymarket Perps: live order book, 42 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 edgeX live order book, 42 min ago | 5.26 bp | 10.0 bp −$10 | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 42 min ago | 2.09 bp | 6.9 bp −$7 | 7.1 bp −$71 | 8.0 bp −$804 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 503.62 | +0.015% | $689K | $479K | 10x | as long as short |
| Nado MSFT-PERP | −0.0052% | 1h | 503.48 | −0.012% | $414K | $67K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.76 | +0.043% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.88 | +0.067% | $339K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.01 | +0.093% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.67 | +0.025% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.31 | +0.152% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.00 | +0.090% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.07 | +0.104% | $3.9M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.97 | +0.085% | $1.3M | $392K | — | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit 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 | 503.46 | −0.017% | $19K | $318K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.82 | +0.253% | $6K | $3.7M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.91 | +0.073% | $27K | $44K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.92 | +0.075% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.03 | +0.096% | $2.2M | $821K | 10x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 504.00 | +0.090% | $1.2M | $4.6M | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0024% | 1h | 503.09 | −0.090% | $32K | $8K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0028% | 8h | 503.89 | +0.069% | $192K | $206K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.79 | +0.049% | $1.2M | $509K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.81 | +0.053% | $705K | $1.8M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.79 | +0.049% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.87 | +0.065% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.52 | −0.005% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USDshort | +0.0050% | 1h | 503.58 | +0.007% | $303K | $717K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.77 | +0.045% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.58 | +0.007% | $513K | $430K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 503.78 | +0.047% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.05 | −0.098% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.49 | −0.011% | $1.6M | $87K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.95 | −0.118% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.88 | +0.067% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.91 | +0.073% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.87 | +0.065% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDClong | +0.0947% | 4h | 503.54 | long leg | $102K | $244K | 10x |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
QFEX MSFT-USD
Hotstuff MSFT-PERP
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP