Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: GRVT against Polymarket Perps+0.086%63s7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$300.296% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 4 days (all we have)+0.168%+$17 · spread now +0.086%, 7d avg +0.081%
=Together, before fees+0.060%+ Points / potential airdropGRVT: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.081%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSFT-USD | 503.19 | 0.0050 | pay 0.0006% / 1h | 57m 36s | $303K | $717K | 10x |
| Short | GRVT MSFT_USDT_Perp | 503.63 | 0 | get 0.0000% / 8h | 7h 57m | $19K | $320K | 10x |
Polymarket Perps MSFT-USD
GRVT MSFT_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: +0.086% → +0.081%
- $0.5
- Slippage, 4 orders
- −$12.59
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$39.59
- Costs to cover
- 0.296%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 40 min ago; GRVT: live order book, 40 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, 40 min ago | 2.09 bp | 6.1 bp −$6 | 6.9 bp −$69 | 9.0 bp −$899 | doesn't fit |
| Sell GRVT live order book, 40 min ago | 1.19 bp | 8.7 bp −$9 | 17.4 bp −$174 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0646% | 4h | 503.49 | +0.060% | $102K | $244K | 10x | as long as short |
| Nado MSFT-PERP | −0.0057% | 1h | 503.34 | +0.030% | $414K | $67K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 502.95 | −0.048% | $688K | $473K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.64 | +0.090% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.67 | +0.094% | $339K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.79 | +0.119% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.52 | +0.066% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.80 | +0.121% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.59 | +0.079% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.68 | +0.097% | $3.9M | $2.9M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
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 | 503.61 | +0.084% | $1.3M | $400K | — | as long as short |
| GRVT MSFT_USDT_Perpshort | 0.0000% | 8h | 503.63 | +0.086% | $19K | $320K | 10x | |
| SunX MSFT-USDT | 0.0000% | 8h | 504.40 | +0.240% | $6K | $3.7M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.36 | +0.034% | $27K | $44K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.46 | +0.054% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.66 | +0.093% | $2.2M | $819K | 10x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 503.63 | +0.087% | $1.1M | $4.6M | 10x | as long as short |
| BloFin MSFT-USDT | +0.0024% | 8h | 503.53 | +0.068% | $191K | $205K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0024% | 1h | 503.09 | −0.020% | $32K | $8K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.57 | +0.076% | $1.2M | $509K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.50 | +0.062% | $705K | $1.8M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.59 | +0.079% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.67 | +0.095% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.31 | +0.024% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USDlong | +0.0050% | 1h | 503.19 | long leg | $303K | $717K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.39 | +0.040% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.36 | +0.034% | $513K | $429K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 503.56 | +0.074% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.28 | +0.018% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.16 | −0.006% | $1.6M | $85K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.41 | +0.044% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.48 | +0.058% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.53 | +0.068% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.87 | +0.135% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
QFEX MSFT-USD
BloFin MSFT-USDT
Hotstuff MSFT-PERP
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
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP