Funding you earn now, next payment 04:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h −0.010%
Price spread now: edgeX against Polymarket Perps+0.052%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.052%, 7d avg +0.077%
=Together, before fees+0.033%+ Points / potential airdropedgeX: Active · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.024% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.052% now, against its 7-day average of +0.077%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -0.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSFT-USD | 501.01 | 0.0050 | pay 0.0006% / 1h | 43m 34s | $295K | $673K | 10x |
| Short | edgeX MSFTUSDC | 501.27 | 0.0292 | get 0.0146% / 4h | 43m 34s | $102K | $244K | 10x |
Polymarket Perps MSFT-USD
edgeX MSFTUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $50.85
- Price spread: +0.052% → +0.077%
- −$2.43
- Slippage, 4 orders
- −$15.2
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $16.22
- Costs to cover
- 0.322%
- Break-even
- 4.8 days
Slippage from Polymarket Perps: live order book, 14 min ago; edgeX: live order book, 14 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, 14 min ago | 1.30 bp | 6.2 bp −$6 | 8.1 bp −$81 | 9.9 bp −$986 | doesn't fit |
| Sell edgeX live order book, 14 min ago | 5.59 bp | 10.2 bp −$10 | 12.4 bp −$124 | 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-INTX | −0.0040% | 1h | 500.97 | −0.008% | $678K | $458K | 10x | as long as short |
| Nado MSFT-PERP | −0.0036% | 1h | 501.10 | +0.019% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.12 | +0.023% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.36 | +0.069% | $341K | $893K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.46 | +0.090% | $15.7M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.11 | +0.020% | $7.2M | $2.1M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.41 | +0.080% | $3.0M | $2.3M | 20x | as long as short |
| Hotstuff MSFT-PERP | 0.0000% | 1h | 500.79 | −0.044% | $32K | $8K | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.29 | +0.056% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.39 | +0.076% | $4.5M | $2.5M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Hotstuff MSFT-PERP
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 | 501.27 | +0.052% | $1.3M | $617K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.33 | +0.064% | $19K | $302K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.10 | +0.218% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 500.90 | −0.022% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.20 | +0.038% | $58K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.55 | +0.108% | $2.2M | $777K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0028% | 8h | 501.32 | +0.062% | $189K | $204K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.16 | +0.030% | $681K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 501.32 | +0.062% | $1.1M | $5.6M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.04 | +0.006% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.11 | +0.020% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.04 | +0.006% | $10K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.92 | −0.018% | $22.1M | $8.8M | 20x | as long as short |
| Polymarket Perps MSFT-USDlong | +0.0050% | 1h | 501.01 | long leg | $295K | $673K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.22 | +0.042% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.84 | −0.034% | $527K | $456K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 501.33 | +0.065% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.93 | −0.016% | $1.5M | $20K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.93 | −0.016% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.14 | +0.026% | $8K | — | 10x | as long as short |
| Lighter MSFT | +0.0104% | 1h | 501.44 | +0.086% | $1.1M | $489K | 20x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.16 | +0.031% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.34 | +0.066% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDCshort | +0.0292% | 4h | 501.27 | +0.052% | $102K | $244K | 10x |
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
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
Lighter MSFT
Aevo MSFT-PERP
Injective MSFT/USDC PERP