MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.11 per $10,000 · paid last 24h −0.017%

Price spread now: Coinbase International against Polymarket Perps+0.050%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$14 on $10k

Price spread, last 3 days (all we have)−0.015%−$2 · spread now +0.050%, 7d avg −0.040%

Together, before fees−0.160%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.090% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.040%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSFT-USD	501.28	0.0050	pay 0.0006% / 1h	23m 21s	$309K	$683K	10x
Short	Coinbase International MSFT-PERP-INTX	501.53	−0.0040	pay 0.0005% / 1h	23m 21s	$689K	$433K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 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 Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$18.9
Price spread: +0.050% → −0.040%: $9.02
Slippage, 4 orders: −$10.56
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$38.43
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 64 min ago; Coinbase International: live order book, 65 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, 64 min ago	1.59 bp	7.0 bp −$7	7.6 bp −$76	doesn't fit	doesn't fit
Sell Coinbase International live order book, 65 min ago	2.29 bp	7.8 bp −$8	10.4 bp −$104	doesn't fit	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-INTXshort	−0.0040%	1h	501.53	+0.050%	$689K	$433K	10x
Nado MSFT-PERP	−0.0024%	1h	501.51	+0.046%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	0.0000%	8h	501.67	+0.078%	$189K	$209K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.85	+0.114%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.62	+0.067%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.68	+0.080%	$15.7M	$19.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.83	+0.110%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.81	+0.106%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.52	+0.048%	$3.1M	$1.5M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.70	+0.084%	$3.8M	$2.2M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.67	+0.077%	$1.3M	$726K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.75	+0.094%	$18K	$330K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.43	+0.229%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.57	+0.058%	$27K	$104K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.53	+0.050%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.83	+0.110%	$2.2M	$765K	10x	as long as short
Hotstuff MSFT-PERP	+0.0024%	1h	501.40	+0.024%	$32K	$8K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.70	+0.084%	$1.1M	$653K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.60	+0.064%	$652K	$2.2M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.70	+0.084%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.39	+0.022%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USDlong	+0.0050%	1h	501.28	long leg	$309K	$683K	10x
SoDEX MSFT-USD	+0.0050%	1h	501.61	+0.066%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.66	+0.076%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.25	−0.006%	$521K	$485K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.69	+0.082%	$1.1M	$5.7M	10x	as long as short
Phoenix MSFT	+0.0096%	1h	501.45	+0.034%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.29	+0.002%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.53	+0.050%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.57	+0.058%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.61	+0.066%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.03	+0.150%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.53	+0.050%	$109K	$90K	10x	as long as short
edgeX MSFTUSDC	+0.0989%	4h	501.68	+0.081%	$102K	$242K	10x	as long as short