Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%
Price spread now: Polymarket Perps against ApeX Omni−0.008%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.008%, 7d avg −0.005%
=The price spread sits at its 7-day average of −0.005%, 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 | ApeX Omni MSFTUSDT | 502.84 | 0.0100 | pay 0.0013% / 1h | 15m 11s | $160K | $7K | 50x |
| Short | Polymarket Perps MSFT-USD | 502.80 | 0.0050 | get 0.0006% / 1h | 15m 11s | $304K | $705K | 10x |
ApeX Omni MSFTUSDT
Polymarket Perps MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against ApeX Omni. 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: −0.008% → −0.005%
- −$0.26
- Slippage, 4 orders
- −$20.66
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$49.42
- Costs to cover
- 0.387%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 36 min ago; Polymarket Perps: live order book, 38 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 ApeX Omni live order book, 36 min ago | 7.49 bp | 12.5 bp −$12 | 80.1 bp −$801 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 38 min ago | 2.00 bp | 7.7 bp −$8 | 8.1 bp −$81 | 9.6 bp −$957 | 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 | −0.0667% | 4h | 503.09 | +0.049% | $102K | $244K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.0128% | 1h | 502.84 | 0.000% | $27K | $42K | 10x | as long as short |
| Nado MSFT-PERP | −0.0107% | 1h | 503.12 | +0.056% | $415K | $64K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.0040% | 1h | 502.83 | −0.002% | $32K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 502.66 | −0.036% | $680K | $451K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0012% | 8h | 503.16 | +0.064% | $189K | $205K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.0007% | 1h | 502.83 | −0.002% | $22.2M | $8.8M | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.12 | +0.056% | $162K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.06 | +0.045% | $339K | $884K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.21 | +0.073% | $15.8M | $19.2M | 20x | as long as short |
edgeX MSFTUSDC
Deribit MSFT_USDC-PERPETUAL
Nado MSFT-PERP
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
tradeXYZ xyz:MSFT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MSFTUSDT | 0.0000% | 8h | 503.00 | +0.032% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.36 | +0.103% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.01 | +0.034% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.20 | +0.072% | $4.4M | $2.6M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.14 | +0.059% | $1.3M | $606K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.20 | +0.072% | $19K | $301K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 503.97 | +0.225% | $6K | $4.0M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.04 | +0.040% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.29 | +0.089% | $2.2M | $786K | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.29 | +0.089% | $1.1M | $504K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.05 | +0.042% | $680K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 503.07 | +0.046% | $1.1M | $4.9M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 502.85 | +0.002% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.20 | +0.072% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 502.88 | +0.008% | $11K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USDshort | +0.0050% | 1h | 502.80 | −0.008% | $304K | $705K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.06 | +0.044% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 503.13 | +0.058% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 502.74 | −0.020% | $512K | $462K | 15x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.81 | −0.006% | $1.6M | $55K | 20x | as long as short |
| ApeX Omni MSFTUSDTlong | +0.0100% | 1h | 502.84 | long leg | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.06 | +0.044% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.12 | +0.055% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.08 | +0.048% | $115K | $45K | 30x | as long as short |
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Ondo Perps MSFT-USD.P
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP