MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.003%

Price spread now: QFEX against Polymarket Perps+0.052%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Polymarket Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.041%−$4 on $10k

Price spread, last 7 days+0.032%+$3 · spread now +0.052%, 7d avg +0.058%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSFT-USD	502.76	0.0050	pay 0.0006% / 1h	46m 28s	$318K	$675K	10x
Short	QFEX MSFT-USD	503.02	0.0058	get 0.0007% / 1h	46m 28s	$1.1M	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $1.75
Price spread: +0.052% → +0.058%: −$0.65
Slippage, 4 orders: −$8.39
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$25.29
Costs to cover: 0.264%
Break-even: 108.3 days

Slippage from Polymarket Perps: live order book, 64 min ago; QFEX: live order book, 5 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, 64 min ago	2.28 bp	6.3 bp −$6	8.8 bp −$88	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.89 bp	6.9 bp −$7	7.2 bp −$72	15.5 bp −$1,550	doesn't fit

MSFT on 34 exchanges

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
Hotstuff MSFT-PERP	−0.1600%	1h	502.70	−0.012%	$32K	$8K	20x	as long as short
Nado MSFT-PERP	−0.0067%	1h	503.06	+0.059%	$411K	$72K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0048%	1h	502.82	+0.012%	$30K	$47K	10x	as long as short
Ondo Perps MSFT-USD.P	−0.0028%	1h	502.68	−0.016%	$531K	$382K	15x	as long as short
BloFin MSFT-USDT	−0.0027%	8h	503.10	+0.068%	$202K	$215K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.83	+0.213%	$166K	$118K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.98	+0.045%	$326K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.15	+0.078%	$16.3M	$20.9M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.86	+0.020%	$7.3M	$2.3M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.82	+0.012%	$3.1M	$1.9M	100x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	503.10	+0.068%	$3.9M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.26	+0.099%	$1.3M	$396K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.25	+0.098%	$18K	$318K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.85	+0.217%	$6K	$3.5M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	502.80	+0.008%	$702K	$522K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.96	+0.040%	$48K	$246K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.43	+0.133%	$2.3M	$910K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0010%	1h	502.72	−0.008%	$22.4M	$9.2M	20x	as long as short
Lighter MSFT	+0.0032%	1h	502.95	+0.038%	$1.2M	$480K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.97	+0.042%	$690K	$1.8M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.99	+0.046%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USDlong	+0.0050%	1h	502.76	long leg	$318K	$675K	10x
SoDEX MSFT-USD	+0.0050%	1h	502.90	+0.028%	$60K	$3K	10x	as long as short
OKX MSFT-USDT-SWAP	+0.0054%	8h	503.18	+0.084%	$3.2M	$2.7M	20x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	503.00	+0.047%	$221	—	5x	as long as short
QFEX MSFT-USDshort	+0.0058%	1h	503.02	+0.052%	$1.1M	$4.7M	10x
Phoenix MSFT	+0.0079%	1h	503.21	+0.090%	$11K	$5K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.78	+0.004%	$1.6M	$226K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.30	+0.107%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.98	+0.044%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.00	+0.049%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0190%	1h	502.82	+0.012%	$93K	$83K	10x	as long as short
edgeX MSFTUSDC	+0.0195%	4h	503.42	+0.131%	$102K	$243K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.61	+0.169%	$115K	$45K	30x	as long as short