Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.008%
Price spread now: Polymarket Perps against Extended−0.053%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.053%, 7d avg −0.060%
=Together, before fees+0.012%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MSFT_24_5-USD | 501.18 | 0 | get 0.0000% / 1h | 47m 07s | $341K | $893K | 17x |
| Short | Polymarket Perps MSFT-USD | 500.91 | 0.0050 | get 0.0006% / 1h | 47m 07s | $295K | $673K | 10x |
Extended MSFT_24_5-USD
Polymarket Perps MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Extended. 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: −0.053% → −0.060%
- $0.69
- Slippage, 4 orders
- −$10.13
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$11.95
- Costs to cover
- 0.231%
- Break-even
- 15.0 days
Slippage from Extended: live order book, 11 min ago; Polymarket Perps: live order book, 11 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 Extended live order book, 11 min ago | 0.60 bp | 5.7 bp −$6 | 39.7 bp −$397 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 11 min ago | 1.30 bp | 5.5 bp −$5 | 5.5 bp −$55 | 6.8 bp −$684 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0325% | 4h | 501.27 | +0.019% | $102K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.0044% | 1h | 501.06 | −0.023% | $414K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0040% | 1h | 500.97 | −0.041% | $678K | $458K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.02 | −0.031% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USDlong | 0.0000% | 1h | 501.18 | long leg | $341K | $893K | 17x | |
| Binance MSFTUSDT | 0.0000% | 8h | 501.31 | +0.027% | $15.7M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.05 | −0.025% | $7.2M | $2.1M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.40 | +0.044% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.17 | −0.001% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.32 | +0.029% | $4.5M | $2.5M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.05 | −0.026% | $1.3M | $617K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.29 | +0.023% | $19K | $300K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.08 | +0.180% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.03 | −0.029% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.24 | +0.013% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.53 | +0.070% | $2.2M | $776K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0002% | 8h | 501.45 | +0.054% | $190K | $204K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.07 | −0.021% | $680K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 501.19 | +0.003% | $1.1M | $5.6M | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0040% | 1h | 500.91 | −0.053% | $32K | $8K | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.02 | −0.031% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.10 | −0.015% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.06 | −0.023% | $10K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.84 | −0.067% | $22.1M | $8.8M | 20x | as long as short |
| Polymarket Perps MSFT-USDshort | +0.0050% | 1h | 500.91 | −0.053% | $295K | $673K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.19 | +0.003% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.99 | −0.037% | $516K | $456K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 501.24 | +0.013% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.85 | −0.065% | $1.5M | $20K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.81 | −0.073% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.17 | −0.001% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.17 | −0.001% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0112% | 1h | 501.39 | +0.042% | $1.1M | $489K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.34 | +0.032% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter RH MSFT
QFEX MSFT-USD
Hotstuff MSFT-PERP
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
tradeXYZ xyz:MSFT
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP