MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h −0.003%

Price spread now: Phoenix against Polymarket Perps+0.014%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSFT-USD	501.30	0.0050	pay 0.0006% / 1h	1m 17s	$303K	$678K	10x
Short	Phoenix MSFT	501.37	0.0080	get 0.0010% / 1h	1m 17s	$10K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.014%Rate

Funding earned: $6.24
Price spread: +0.014% → 0.000%: $1.4
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$7.36
Costs to cover: 0.150%
Break-even: 15.3 days

Slippage unknown: Polymarket Perps: live order book, 11 min ago; Phoenix: no order-book sample. Net counts fees only.

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, 11 min ago	1.40 bp	6.2 bp −$6	7.7 bp −$77	9.0 bp −$897	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado MSFT-PERP	−0.0018%	1h	501.40	+0.020%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.76	+0.092%	$687K	$449K	10x	as long as short
Hotstuff MSFT-PERP	−0.0008%	1h	501.32	+0.004%	$32K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.76	+0.091%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.67	+0.073%	$337K	$387K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.75	+0.089%	$15.6M	$19.0M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.85	+0.110%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.44	+0.028%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.76	+0.092%	$3.8M	$2.3M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.66	+0.071%	$1.3M	$692K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.74	+0.088%	$18K	$294K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.48	+0.235%	$6K	$4.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.66	+0.072%	$59K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.06	+0.152%	$2.2M	$746K	10x	as long as short
BloFin MSFT-USDT	+0.0002%	8h	501.76	+0.092%	$188K	$209K	20x	as long as short
Bybit MSFTUSDT	+0.0032%	8h	501.82	+0.104%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.56	+0.052%	$619K	$2.1M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.54	+0.048%	—	$1K	25x	as long as short
QFEX MSFT-USD	+0.0049%	1h	501.65	+0.070%	$1.2M	$5.9M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.32	+0.004%	$22.3M	$9.4M	20x	as long as short
Polymarket Perps MSFT-USDlong	+0.0050%	1h	501.30	long leg	$303K	$678K	10x
SoDEX MSFT-USD	+0.0050%	1h	501.69	+0.078%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.23	−0.014%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	501.59	+0.059%	$221	—	5x	as long as short
Phoenix MSFTshort	+0.0080%	1h	501.37	+0.014%	$10K	$15K	20x
Deribit MSFT_USDC-PERPETUAL	+0.0089%	1h	501.64	+0.068%	$27K	$102K	10x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.13	−0.034%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.46	+0.032%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.61	+0.062%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.64	+0.069%	$55	—	10x	as long as short
edgeX MSFTUSDC	+0.0150%	4h	501.63	+0.066%	$102K	$243K	10x	as long as short
Lighter MSFT	+0.0160%	1h	501.81	+0.102%	$1.1M	$586K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.31	+0.201%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0286%	1h	501.61	+0.062%	$97K	$109K	10x	as long as short