MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.07 per $10,000 · paid last 24h −0.001%

Price spread now: tradeXYZ against Polymarket Perps+0.002%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on Polymarket Perps Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days−0.059%−$6 · spread now +0.002%, 7d avg −0.020%

Together, before fees−0.099%+ Points / potential airdroptradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.022% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.020%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.041% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSFT-USD	501.44	0.0050	pay 0.0006% / 1h	37m 49s	$303K	$697K	10x
Short	tradeXYZ xyz:MSFT	501.45	−0.0003	pay 0.0000% / 1h	37m 49s	$22.1M	$8.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$11.15
Price spread: +0.002% → −0.020%: $2.17
Slippage, 4 orders: −$7.67
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$42.65
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 15 min ago; tradeXYZ: live order book, 11 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, 15 min ago	2.00 bp	6.0 bp −$6	6.7 bp −$67	8.9 bp −$891	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.40 bp	10.0 bp −$10	doesn't fit	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
Nado MSFT-PERP	−0.0108%	1h	501.60	+0.032%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	500.97	−0.094%	$677K	$450K	10x	as long as short
BloFin MSFT-USDT	−0.0016%	8h	501.70	+0.052%	$189K	$204K	20x	as long as short
tradeXYZ xyz:MSFTshort	−0.0003%	1h	501.45	+0.002%	$22.1M	$8.7M	20x
Aster MSFTUSDT	0.0000%	8h	501.77	+0.065%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.80	+0.072%	$337K	$881K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.92	+0.096%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.64	+0.040%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.92	+0.096%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.58	+0.028%	$3.1M	$1.7M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.67	+0.046%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.36	−0.016%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.39	−0.010%	$18K	$298K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.63	+0.237%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.59	+0.030%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.75	+0.062%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.99	+0.110%	$2.2M	$772K	10x	as long as short
Lighter MSFT	+0.0032%	1h	501.89	+0.090%	$1.1M	$503K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.67	+0.046%	$678K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	501.69	+0.050%	$1.1M	$4.9M	10x	as long as short
Hotstuff MSFT-PERP	+0.0040%	1h	501.34	−0.020%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.24	−0.040%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.65	+0.042%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.20	−0.048%	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USDlong	+0.0050%	1h	501.44	long leg	$303K	$697K	10x
SoDEX MSFT-USD	+0.0050%	1h	501.62	+0.036%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.16	−0.056%	$518K	$451K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0053%	8h	501.82	+0.075%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.25	−0.038%	$1.6M	$52K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.94	−0.100%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.72	+0.056%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.72	+0.055%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.47	+0.006%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0295%	4h	501.37	−0.015%	$102K	$242K	10x	as long as short