Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.013%
Price spread now: Extended against Polymarket Perps+0.068%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 4 days (all we have)+0.248%+$25 · spread now +0.068%, 7d avg +0.059%
=Together, before fees+0.152%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSFT-USD | 503.97 | 0.0050 | pay 0.0006% / 1h | 9m 50s | $303K | $650K | 10x |
| Short | Extended MSFT_24_5-USD | 504.31 | 0 | get 0.0000% / 1h | 9m 50s | $336K | $1.9M | 17x |
Polymarket Perps MSFT-USD
Extended MSFT_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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: +0.068% → +0.059%
- $0.89
- Slippage, 4 orders
- −$21.79
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$44.39
- Costs to cover
- 0.348%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 8 min ago; Extended: live order book, 4 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, 8 min ago | 4.57 bp | 11.4 bp −$11 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 0.60 bp | 5.8 bp −$6 | 23.6 bp −$236 | 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 | −0.0056% | 1h | 503.64 | −0.065% | $685K | $450K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0016% | 1h | 503.77 | −0.040% | $32K | $8K | 20x | as long as short |
| Nado MSFT-PERP | −0.0008% | 1h | 503.91 | −0.012% | $415K | $67K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0008% | 8h | 504.38 | +0.081% | $191K | $205K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.22 | +0.049% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USDshort | 0.0000% | 1h | 504.31 | +0.068% | $336K | $1.9M | 17x | |
| Binance MSFTUSDT | 0.0000% | 8h | 504.44 | +0.093% | $16.3M | $19.5M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.10 | +0.026% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.44 | +0.093% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.15 | +0.036% | $3.1M | $1.9M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Hotstuff MSFT-PERP
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 504.41 | +0.087% | $3.9M | $2.8M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.28 | +0.062% | $1.3M | $392K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.10 | +0.026% | $19K | $314K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.09 | +0.222% | $6K | $3.5M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.15 | +0.036% | $58K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.37 | +0.079% | $2.2M | $854K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.67 | −0.060% | $11K | $15K | 20x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 504.35 | +0.075% | $1.1M | $4.6M | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 504.14 | +0.034% | $1.2M | $527K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.06 | +0.018% | $701K | $1.9M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 504.04 | +0.014% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.17 | +0.040% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.83 | −0.028% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USDlong | +0.0050% | 1h | 503.97 | long leg | $303K | $650K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.09 | +0.024% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.92 | −0.010% | $536K | $391K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0059% | 8h | 504.18 | +0.041% | $222 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.63 | −0.067% | $1.6M | $132K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.74 | −0.046% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.11 | +0.028% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.13 | +0.031% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.07 | +0.020% | $115K | $45K | 30x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0226% | 1h | 504.05 | +0.016% | $27K | $45K | 10x | as long as short |
| edgeX MSFTUSDC | +0.0856% | 4h | 504.04 | +0.013% | $103K | $244K | 10x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
QFEX MSFT-USD
Lighter MSFT
Lighter RH MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
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
Aevo MSFT-PERP
Injective MSFT/USDC PERP
Deribit MSFT_USDC-PERPETUAL
edgeX MSFTUSDC