data as of
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Funding arb /

MSFT

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Funding spread now, next payment 19:00 UTC+0.0050%/8h
next payment, per $10,000+$0.06paid, last 24h−0.009%paid, last 4 days+0.027%to open and close $10k−$27
Long on DeribitShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit MSFT_USDC-PERPETUAL498.490get 0.0000% / 1h1m 48s$27K$114K10x
ShortPolymarket Perps MSFT-USD498.220.0050get 0.0006% / 1h1m 48s$301K$444K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$10.5
Slippage, 4 orders
−$12.28
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$16.78
Break-even
18.2 days
Slippage from Deribit: live order book, 54 min ago; Polymarket Perps: live order book, 32 min ago.

Price risk

price view
Price gap now
−0.054%
Avg gap 7d
−0.042%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 54 min ago0.10 bp3.6 bp −$45.1 bp −$51doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 32 min ago0.90 bp5.2 bp −$56.0 bp −$607.0 bp −$698doesn't fit

MSFT on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
edgeX MSFTUSDC−0.0563%4h$101K$244K10xas long as short
Coinbase International MSFT-PERP-INTX−0.0056%1h$685K$364K10xas long as short
BloFin MSFT-USDT−0.0026%8h$192K$196K20xas long as short
Nado MSFT-PERP−0.0004%1h$446K$25K20xas long as short
Aster MSFTUSDT0.0000%8h$156K$86K20xas long as short
Extended MSFT_24_5-USD0.0000%1h$372K$410K17xas long as short
Binance MSFTUSDT0.0000%8h$15.6M$17.3M20xas long as short
Bybit MSFTUSDT0.0000%8h$7.3M$1.5M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h$3.0M$2.1M20xas long as short
Gate MSFT_USDT0.0000%8h$3.0M$1.4M100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Variational Omni MSFT0.0000%8h$1.3M$704K—as long as short
SunX MSFT-USDT0.0000%8h$6K$4.4M20xas long as short
Deribit MSFT_USDC-PERPETUALlong0.0000%1h$27K$114K10x
HTX MSFT-USDT0.0000%8h$58K$231K20xas long as short
Phemex MSFTUSDT0.0000%8h$2.1M$683K10xas long as short
Lighter RH MSFT+0.0032%1h$663K$2.1M20xas long as short
Bitget MSFTUSDT+0.0033%8h$3.7M$1.8M100xas long as short
QFEX MSFT-USD+0.0044%1h$1.2M$5.0M10xas long as short
Vest MSFT-USD-PERP+0.0046%1h——25xas long as short
Phoenix MSFT+0.0048%1h$10K$15K20xas long as short
tradeXYZ xyz:MSFT+0.0050%1h$22.1M$8.9M20xas long as short
Polymarket Perps MSFT-USDshort+0.0050%1h$301K$444K10x
SoDEX MSFT-USD+0.0050%1h$60K$3K10xas long as short
Paradex MSFT-USD-PERP+0.0050%8h$219—5xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h$510K$453K15xas long as short
Hotstuff MSFT-PERP+0.0064%1h$40K—20xas long as short
Lighter MSFT+0.0072%1h$1.1M$548K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h$1.5M$11K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h$159K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h$8K—10xas long as short
Aevo MSFT-PERP+0.0104%1h$55—10xas long as short
Injective MSFT/USDC PERP+0.0220%1h$114K$88K30xas long as short
Arcus MSFT-USD+0.0573%1h$112K$75K10xas long as short