Funding you earn now, next payment 01:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.016%
Price spread now: Polymarket Perps against Aevo−0.029%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.029% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSFT-PERP | 502.02 | 0.0104 | pay 0.0013% / 1h | 48m 48s | $55 | — | 10x |
| Short | Polymarket Perps MSFT-USD | 501.88 | 0.0050 | get 0.0006% / 1h | 48m 48s | $303K | $673K | 10x |
Aevo MSFT-PERP
Polymarket Perps MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Aevo. 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
- −$11.34
- Price spread: −0.029% → 0.000%
- −$2.89
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$38.23
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Polymarket Perps: live order book, 24 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 24 min ago | 1.40 bp | 5.5 bp −$6 | 6.4 bp −$64 | 7.4 bp −$737 | doesn't fit |
Aevo: 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 | −0.0012% | 1h | 502.01 | −0.002% | $415K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0010% | 8h | 502.22 | +0.039% | $188K | $207K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 501.57 | −0.091% | $680K | $450K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.15 | +0.025% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.04 | +0.004% | $341K | $515K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.17 | +0.029% | $15.7M | $18.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.18 | +0.031% | $7.4M | $1.7M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.35 | +0.065% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.91 | −0.023% | $3.1M | $1.6M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 502.19 | +0.033% | $3.8M | $2.2M | 100x | as long as short |
Nado MSFT-PERP
BloFin MSFT-USDT
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 | 502.14 | +0.022% | $1.3M | $690K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.04 | +0.002% | $19K | $296K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 503.01 | +0.196% | $6K | $4.2M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.97 | −0.011% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.09 | +0.013% | $58K | $227K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.47 | +0.089% | $2.2M | $753K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.07 | +0.009% | $618K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0044% | 1h | 502.12 | +0.019% | $1.1M | $5.9M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 502.11 | +0.017% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.89 | −0.027% | $22.3M | $9.1M | 20x | as long as short |
| Polymarket Perps MSFT-USDshort | +0.0050% | 1h | 501.88 | −0.029% | $303K | $673K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.16 | +0.027% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.60 | −0.085% | $529K | $490K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 502.18 | +0.031% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.96 | −0.013% | $10K | $15K | 20x | as long as short |
| Lighter MSFT | +0.0080% | 1h | 502.31 | +0.057% | $1.1M | $486K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0080% | 1h | 501.98 | −0.009% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.82 | −0.041% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.87 | −0.031% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.04 | +0.003% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERPlong | +0.0104% | 1h | 502.02 | long leg | $55 | — | 10x | |
| Arcus MSFT-USD | +0.0212% | 1h | 501.98 | −0.009% | $97K | $110K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.20 | +0.035% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0477% | 4h | 501.98 | −0.008% | $102K | $243K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter RH MSFT
QFEX MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
Lighter MSFT
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Arcus MSFT-USD
Injective MSFT/USDC PERP
edgeX MSFTUSDC