Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Bitget against Polymarket Perps−0.095%7-day average +0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as 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+0.228%+$23 · spread now −0.095%, 7d avg +0.101%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.197% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.101%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSFT-USD | 503.43 | 0.0050 | pay 0.0006% / 1h | 58m 58s | $318K | $677K | 10x |
| Short | Bitget MSFTUSDT | 502.95 | 0 | get 0.0000% / 8h | 5h 58m | $3.9M | $2.9M | 100x |
Polymarket Perps MSFT-USD
Bitget MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Polymarket Perps. 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: −0.095% → +0.101%
- −$19.66
- Slippage, 4 orders
- −$11.75
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$61.91
- Costs to cover
- 0.317%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 52 min ago; Bitget: live order book, 2 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 Polymarket Perps live order book, 52 min ago | 2.28 bp | 6.3 bp −$6 | 8.8 bp −$88 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.88 bp | 9.3 bp −$9 | 12.2 bp −$122 | 32.2 bp −$3,219 | 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 | −0.020% | $32K | $8K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0006% | 8h | 503.77 | +0.068% | $202K | $211K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.83 | +0.080% | $166K | $118K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.09 | −0.068% | $326K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.15 | −0.055% | $16.3M | $20.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.85 | −0.115% | $7.3M | $2.3M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 502.69 | −0.147% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDTshort | 0.0000% | 8h | 502.95 | −0.095% | $3.9M | $2.9M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 503.63 | +0.039% | $1.3M | $392K | — | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.54 | +0.220% | $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 | −0.006% | $27K | $44K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 503.46 | +0.006% | $697K | $498K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.65 | +0.044% | $48K | $246K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.32 | +0.177% | $2.3M | $904K | 10x | as long as short |
| edgeX MSFTUSDC | +0.0002% | 4h | 503.56 | +0.026% | $102K | $244K | 10x | as long as short |
| Nado MSFT-PERP | +0.0008% | 1h | 503.53 | +0.019% | $411K | $72K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.53 | +0.020% | $1.2M | $479K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.53 | +0.020% | $692K | $1.8M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.68 | +0.050% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 503.20 | −0.046% | $11K | $5K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 502.40 | −0.205% | $22.5M | $9.2M | 20x | as long as short |
| Polymarket Perps MSFT-USDlong | +0.0050% | 1h | 503.43 | long leg | $318K | $677K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.57 | +0.028% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.28 | −0.030% | $532K | $381K | 15x | as long as short |
| Arcus MSFT-USD | +0.0052% | 1h | 503.51 | +0.016% | $93K | $83K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0058% | 8h | 503.54 | +0.022% | $222 | — | 5x | as long as short |
| QFEX MSFT-USD | +0.0061% | 1h | 503.63 | +0.040% | $1.1M | $4.7M | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0063% | 8h | 503.13 | −0.060% | $3.2M | $2.7M | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.77 | −0.131% | $1.6M | $212K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.49 | +0.012% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.74 | +0.062% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.65 | +0.044% | $55 | — | 10x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0110% | 8h | 504.16 | +0.144% | $19K | $314K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.07 | +0.127% | $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