MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%

Price spread now: ApeX Omni against Polymarket Perps−0.089%62s7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.322% of the position

Long on Polymarket Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.089%, 7d avg +0.005%

Together, before fees+0.225%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.094% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of +0.005%). If the spread goes back, that is −$9 on $10k: about 6.3 days of funding at the current rate (+$2 a day). The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSFT-USD	503.93	0.0050	pay 0.0006% / 1h	51m 46s	$303K	$718K	10x
Short	ApeX Omni MSFTUSDT	503.48	0.0100	get 0.0013% / 1h	51m 46s	$160K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX 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 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 ApeX OmnibpOrdersPrice spread, now −0.089%Rate

Funding earned: $10.5
Price spread: −0.089% → +0.005%: −$9.41
Slippage, 4 orders: −$14.22
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$31.13
Costs to cover: 0.322%
Break-even: 27.8 days

Slippage from Polymarket Perps: live order book, 56 min ago; ApeX Omni: live order book, 54 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, 56 min ago	1.19 bp	5.2 bp −$5	6.7 bp −$67	9.1 bp −$915	doesn't fit
Sell ApeX Omni live order book, 54 min ago	5.08 bp	10.1 bp −$10	58.6 bp −$586	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
edgeX MSFTUSDC	−0.0978%	4h	504.30	+0.073%	$103K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	−0.054%	$682K	$500K	10x	as long as short
BloFin MSFT-USDT	−0.0020%	8h	504.37	+0.087%	$190K	$207K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.07	+0.028%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.19	+0.052%	$341K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.33	+0.079%	$15.9M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.08	+0.030%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.25	+0.064%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.11	+0.036%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.30	+0.073%	$3.8M	$3.0M	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	504.28	+0.069%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.34	+0.081%	$19K	$327K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.09	+0.230%	$6K	$3.9M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.20	+0.054%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.51	+0.115%	$2.2M	$818K	10x	as long as short
Nado MSFT-PERP	+0.0014%	1h	504.09	+0.031%	$415K	$67K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.13	+0.040%	$689K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	504.24	+0.062%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.99	+0.012%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.18	+0.050%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.82	−0.022%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USDlong	+0.0050%	1h	503.93	long leg	$303K	$718K	10x
SoDEX MSFT-USD	+0.0050%	1h	504.13	+0.040%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.87	−0.012%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0059%	8h	504.20	+0.053%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.94	+0.002%	$11K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0080%	1h	503.92	−0.002%	$33K	$8K	20x	as long as short
Lighter MSFT	+0.0096%	1h	504.33	+0.079%	$1.2M	$514K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.76	−0.034%	$1.6M	$58K	20x	as long as short
ApeX Omni MSFTUSDTshort	+0.0100%	1h	503.48	−0.089%	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.23	+0.060%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.27	+0.067%	$55	—	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0127%	1h	504.19	+0.052%	$27K	$43K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.13	+0.040%	$115K	$45K	30x	as long as short