Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: KuCoin against Polymarket Perps−0.006%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$234as in the Price arb table

costs, in and out, $10k−$2332.327% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$7 on $10k

Price spread, last 7 days−0.058%−$6 · spread now −0.006%, 7d avg +0.011%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, 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	501.19	0.0050	pay 0.0006% / 1h	20m 10s	$302K	$722K	10x
Short	KuCoin MSFTUSDTM	501.16	0.0100	get 0.0100% / 8h	4h 20m	$1.5M	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.006%Rate

Funding earned: $10.5
Price spread: −0.006% → +0.011%: −$1.66
Slippage, 4 orders: −$212.74
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$223.89
Costs to cover: 2.327%
Break-even: 156.3 days

Slippage from Polymarket Perps: live order book, 38 min ago; KuCoin: live order book, 5 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, 38 min ago	1.30 bp	6.2 bp −$6	8.1 bp −$81	9.9 bp −$986	doesn't fit
Sell KuCoin live order book, 5 min ago	8.68 bp	116.8 bp −$117	doesn't fit	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	−0.0509%	4h	501.49	+0.059%	$102K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	−0.044%	$678K	$455K	10x	as long as short
BloFin MSFT-USDT	−0.0007%	8h	501.57	+0.076%	$189K	$204K	20x	as long as short
Nado MSFT-PERP	−0.0006%	1h	501.29	+0.020%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.31	+0.024%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.44	+0.051%	$337K	$893K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.58	+0.078%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.27	+0.016%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.57	+0.076%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.32	+0.026%	$3.1M	$1.7M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.39	+0.040%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.48	+0.058%	$1.3M	$615K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.54	+0.070%	$19K	$302K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.34	+0.229%	$6K	$4.0M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.37	+0.036%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.54	+0.070%	$2.2M	$772K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.31	+0.024%	$675K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.42	+0.046%	$1.2M	$5.3M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.24	+0.010%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.43	+0.048%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.08	−0.022%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.05	−0.028%	$22.1M	$8.7M	20x	as long as short
Polymarket Perps MSFT-USDlong	+0.0050%	1h	501.19	long leg	$302K	$722K	10x
SoDEX MSFT-USD	+0.0050%	1h	501.32	+0.026%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.07	−0.024%	$528K	$443K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	501.44	+0.049%	$221	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0096%	1h	501.05	−0.028%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTMshort	+0.0100%	8h	501.16	−0.006%	$1.5M	$20K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	500.92	−0.054%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.45	+0.052%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.45	+0.051%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0109%	1h	501.39	+0.040%	$27K	$41K	10x	as long as short
Lighter MSFT	+0.0128%	1h	501.54	+0.070%	$1.1M	$499K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.63	+0.088%	$115K	$45K	30x	as long as short