Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against Gate−0.020%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$460.463% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now −0.020%, 7d avg −0.074%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.054% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.074%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSFT_USDT | 504.18 | 0 | get 0.0000% / 8h | 2h 23m | $3.1M | $1.8M | 100x |
| Short | Polymarket Perps MSFT-USD | 504.08 | 0.0050 | get 0.0006% / 1h | 23m 12s | $304K | $720K | 10x |
Gate MSFT_USDT
Polymarket Perps MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Gate. 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: −0.020% → −0.074%
- $5.38
- Slippage, 4 orders
- −$23.27
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$30.39
- Costs to cover
- 0.463%
- Break-even
- 27.3 days
Slippage from Gate: live order book, 5 min ago; Polymarket Perps: live order book, 25 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 Gate live order book, 5 min ago | 4.07 bp | 21.1 bp −$21 | 66.2 bp −$662 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 25 min ago | 1.19 bp | 6.9 bp −$7 | 8.0 bp −$80 | 8.6 bp −$863 | 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 | −0.0064% | 1h | 503.98 | −0.040% | $687K | $485K | 10x | as long as short |
| Nado MSFT-PERP | −0.0034% | 1h | 504.23 | +0.010% | $415K | $68K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0005% | 8h | 504.60 | +0.083% | $189K | $206K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.22 | +0.009% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.33 | +0.030% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.62 | +0.087% | $15.8M | $19.5M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.34 | +0.032% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.45 | +0.054% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDTlong | 0.0000% | 8h | 504.18 | long leg | $3.1M | $1.8M | 100x | |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.41 | +0.046% | $3.8M | $3.0M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
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 | 504.15 | −0.007% | $1.3M | $477K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.19 | +0.001% | $19K | $322K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.27 | +0.216% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 504.23 | +0.010% | $27K | $43K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.37 | +0.038% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.76 | +0.115% | $2.2M | $804K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.79 | −0.077% | $11K | $15K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.20 | +0.004% | $688K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 504.36 | +0.036% | $1.2M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.96 | −0.044% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.41 | +0.046% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.08 | −0.020% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USDshort | +0.0050% | 1h | 504.08 | −0.020% | $304K | $720K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.26 | +0.016% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 504.01 | −0.034% | $518K | $472K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 504.31 | +0.026% | $222 | — | 5x | as long as short |
| Lighter MSFT | +0.0088% | 1h | 504.46 | +0.056% | $1.2M | $516K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.64 | −0.107% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.91 | −0.054% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.18 | 0.000% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.24 | +0.011% | $55 | — | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0128% | 1h | 503.94 | −0.048% | $33K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.04 | −0.028% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0832% | 4h | 504.10 | −0.016% | $103K | $242K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Lighter MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Hotstuff MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC