Funding arb · Price arb /

MSFT

RWAall MSFT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Polymarket Perps against Ondo Perps0.000%7-day average +0.010% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now 0.000%, 7d avg +0.010%

Together, before fees+0.013%+ Points / potential airdropOndo Perps: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MSFT-USD.P	501.76	0.0050	pay 0.0006% / 1h	47m 31s	$529K	$494K	15x
Short	Polymarket Perps MSFT-USD	501.76	0.0050	get 0.0006% / 1h	47m 31s	$303K	$678K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee Polymarket PerpsbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$0.08
Price spread: 0.000% → +0.010%: −$1.03
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$14.12
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Polymarket Perps: live order book, 30 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 30 min ago	1.89 bp	5.9 bp −$6	6.1 bp −$61	6.7 bp −$671	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0026%	1h	501.96	+0.039%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.76	0.000%	$687K	$450K	10x	as long as short
BloFin MSFT-USDT	−0.0002%	8h	502.29	+0.106%	$188K	$209K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.18	+0.084%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.10	+0.068%	$337K	$392K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.21	+0.090%	$15.7M	$19.1M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.31	+0.110%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.97	+0.042%	$3.2M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.25	+0.098%	$3.8M	$2.3M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.26	+0.099%	$1.3M	$702K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	502.15	+0.079%	$18K	$308K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.96	+0.239%	$6K	$4.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.05	+0.058%	$59K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.26	+0.100%	$2.2M	$753K	10x	as long as short
Bybit MSFTUSDT	+0.0026%	8h	502.37	+0.122%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.08	+0.064%	$639K	$2.1M	20x	as long as short
Hotstuff MSFT-PERP	+0.0040%	1h	501.85	+0.018%	$32K	$8K	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.11	+0.070%	—	$1K	25x	as long as short
QFEX MSFT-USD	+0.0049%	1h	502.09	+0.066%	$1.1M	$5.8M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.85	+0.018%	$22.3M	$9.6M	20x	as long as short
Polymarket Perps MSFT-USDshort	+0.0050%	1h	501.76	0.000%	$303K	$678K	10x
SoDEX MSFT-USD	+0.0050%	1h	502.11	+0.070%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.Plong	+0.0050%	1h	501.76	long leg	$529K	$494K	15x
Paradex MSFT-USD-PERP	+0.0054%	8h	502.18	+0.085%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	502.03	+0.054%	$11K	$15K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0089%	1h	502.08	+0.064%	$27K	$101K	10x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.69	−0.014%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.91	+0.030%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.12	+0.072%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.18	+0.084%	$55	—	10x	as long as short
Lighter MSFT	+0.0168%	1h	502.29	+0.106%	$1.1M	$585K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.36	+0.120%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0286%	1h	502.12	+0.072%	$97K	$109K	10x	as long as short
edgeX MSFTUSDC	+0.0785%	4h	502.22	+0.091%	$102K	$243K	10x	as long as short