MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: QFEX against Polymarket Perps+0.056%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Polymarket Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.039%−$4 on $10k

Price spread, last 7 days−0.075%−$8 · spread now +0.056%, 7d avg +0.056%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: −$1 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	501.48	0.0050	pay 0.0006% / 1h	32m 09s	$302K	$648K	10x
Short	QFEX MSFT-USD	501.76	0.0030	get 0.0004% / 1h	32m 09s	$1.1M	$5.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$4.18
Price spread: +0.056% → +0.056%: −$0.04
Slippage, 4 orders: −$6.43
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$28.65
Costs to cover: 0.244%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 31 min ago; QFEX: live order book, 7 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, 31 min ago	1.30 bp	6.7 bp −$7	7.7 bp −$77	9.6 bp −$959	doesn't fit
Sell QFEX live order book, 7 min ago	1.20 bp	6.2 bp −$6	6.5 bp −$65	12.7 bp −$1,267	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	−0.0064%	1h	501.24	−0.048%	$679K	$456K	10x	as long as short
Nado MSFT-PERP	−0.0035%	1h	501.50	+0.005%	$414K	$64K	20x	as long as short
Hotstuff MSFT-PERP	−0.0024%	1h	501.42	−0.012%	$32K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.76	+0.055%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.73	+0.050%	$338K	$891K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.87	+0.078%	$15.7M	$18.9M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.79	+0.062%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.96	+0.096%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.72	+0.048%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.79	+0.062%	$4.5M	$2.5M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.82	+0.067%	$1.3M	$650K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.83	+0.070%	$18K	$297K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.64	+0.231%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.79	+0.062%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.91	+0.086%	$2.2M	$768K	10x	as long as short
BloFin MSFT-USDT	+0.0024%	8h	501.97	+0.098%	$189K	$204K	20x	as long as short
QFEX MSFT-USDshort	+0.0030%	1h	501.76	+0.056%	$1.1M	$5.6M	10x
Lighter RH MSFT	+0.0032%	1h	501.64	+0.032%	$685K	$2.0M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.63	+0.030%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.68	+0.040%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.38	−0.020%	$22.1M	$9.1M	20x	as long as short
Polymarket Perps MSFT-USDlong	+0.0050%	1h	501.48	long leg	$302K	$648K	10x
SoDEX MSFT-USD	+0.0050%	1h	501.77	+0.058%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.26	−0.044%	$525K	$486K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0062%	8h	501.71	+0.045%	$221	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	501.58	+0.020%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.61	+0.026%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.19	−0.058%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.73	+0.050%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.72	+0.048%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0109%	1h	501.59	+0.022%	$27K	$41K	10x	as long as short
Lighter MSFT	+0.0176%	1h	501.96	+0.096%	$1.1M	$459K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.24	+0.351%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0610%	4h	501.74	+0.051%	$102K	$243K	10x	as long as short