Funding you earn now, next payment 22:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%
Price spread now: Variational Omni against Polymarket Perps+0.068%7-day average +0.092% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.048%−$5 on $10k
+Price spread, last 7 days−0.099%−$10 · spread now +0.068%, 7d avg +0.092%
=Together, before fees−0.147%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.024% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.092%). Swap the legs.
| 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 | 31m 13s | $309K | $683K | 10x |
| Short | Variational Omni MSFT | 501.64 | 0 | get 0.0000% / 8h | 2h 31m | $1.3M | $726K | — |
Polymarket Perps MSFT-USD
Variational Omni MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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% → +0.092%
- −$2.37
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$20.87
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 56 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 56 min ago | 1.59 bp | 7.0 bp −$7 | 7.6 bp −$76 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 2.74 bp | doesn't fit | 13.3 bp −$133 | 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 | −0.0040% | 1h | 501.53 | +0.046% | $689K | $433K | 10x | as long as short |
| Nado MSFT-PERP | −0.0038% | 1h | 501.41 | +0.021% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0023% | 8h | 501.82 | +0.104% | $189K | $209K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.01 | +0.142% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.70 | +0.079% | $372K | $369K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.78 | +0.095% | $15.7M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.85 | +0.110% | $7.4M | $1.7M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.83 | +0.106% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.59 | +0.058% | $3.1M | $1.5M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.82 | +0.104% | $3.8M | $2.2M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
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 MSFTshort | 0.0000% | 8h | 501.64 | +0.068% | $1.3M | $726K | — | |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.65 | +0.071% | $18K | $329K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.50 | +0.239% | $6K | $4.4M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.65 | +0.070% | $59K | $230K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.02 | +0.144% | $2.2M | $759K | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 501.64 | +0.068% | $1.1M | $653K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.54 | +0.048% | $661K | $2.2M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.71 | +0.082% | — | — | 25x | as long as short |
| Hotstuff MSFT-PERP | +0.0048% | 1h | 501.37 | +0.014% | $32K | $8K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.36 | +0.012% | $22.2M | $10.0M | 20x | as long as short |
| Polymarket Perps MSFT-USDlong | +0.0050% | 1h | 501.30 | long leg | $309K | $683K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.70 | +0.080% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 501.60 | +0.060% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.25 | −0.010% | $515K | $479K | 15x | as long as short |
| QFEX MSFT-USD | +0.0050% | 1h | 501.69 | +0.078% | $1.2M | $5.7M | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0089% | 1h | 501.67 | +0.074% | $27K | $104K | 10x | as long as short |
| Phoenix MSFT | +0.0096% | 1h | 501.59 | +0.058% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.36 | +0.012% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.56 | +0.052% | $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 | 501.70 | +0.079% | $55 | — | 10x | as long as short |
| edgeX MSFTUSDC | +0.0186% | 4h | 501.76 | +0.092% | $102K | $244K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.96 | +0.132% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USD | +0.0531% | 1h | 501.54 | +0.048% | $109K | $90K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
Hotstuff MSFT-PERP
tradeXYZ xyz:MSFT
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Ondo Perps MSFT-USD.P
QFEX MSFT-USD
Deribit MSFT_USDC-PERPETUAL
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
edgeX MSFTUSDC
Injective MSFT/USDC PERP
Arcus MSFT-USD