Funding arb · Price arb /

MSFT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Polymarket Perps against KuCoin−0.010%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1421.425% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$7 on $10k

Price spread, last 7 days+0.045%+$4 · spread now −0.010%, 7d avg −0.012%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, 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	KuCoin MSFTUSDTM	502.85	0.0100	pay 0.0100% / 8h	3h 14m	$1.6M	$55K	20x
Short	Polymarket Perps MSFT-USD	502.80	0.0050	get 0.0006% / 1h	14m 05s	$304K	$705K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$10.5
Price spread: −0.010% → −0.012%: $0.16
Slippage, 4 orders: −$122.49
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$152.83
Costs to cover: 1.425%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Polymarket Perps: live order book, 39 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 KuCoin live order book, 2 min ago	6.76 bp	39.6 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 39 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	+0.047%	$102K	$244K	10x	as long as short
Nado MSFT-PERP	−0.0108%	1h	503.12	+0.053%	$415K	$64K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0088%	1h	502.75	−0.020%	$27K	$42K	10x	as long as short
Hotstuff MSFT-PERP	−0.0040%	1h	502.83	−0.004%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	502.66	−0.038%	$680K	$451K	10x	as long as short
BloFin MSFT-USDT	−0.0012%	8h	503.16	+0.062%	$189K	$205K	20x	as long as short
tradeXYZ xyz:MSFT	−0.0004%	1h	502.77	−0.016%	$22.2M	$8.8M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.03	+0.036%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.98	+0.026%	$339K	$884K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.11	+0.052%	$15.8M	$19.2M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MSFTUSDT	0.0000%	8h	502.92	+0.014%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.30	+0.089%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.99	+0.028%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.12	+0.054%	$4.4M	$2.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.14	+0.057%	$1.3M	$606K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.20	+0.070%	$19K	$301K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.97	+0.223%	$6K	$4.0M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.93	+0.016%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.29	+0.088%	$2.2M	$785K	10x	as long as short
Lighter MSFT	+0.0032%	1h	503.21	+0.072%	$1.1M	$504K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.94	+0.018%	$679K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	503.02	+0.034%	$1.1M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	502.86	+0.002%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.20	+0.070%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	502.88	+0.006%	$11K	$15K	20x	as long as short
Polymarket Perps MSFT-USDshort	+0.0050%	1h	502.80	−0.010%	$304K	$705K	10x
SoDEX MSFT-USD	+0.0050%	1h	502.97	+0.024%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	503.13	+0.057%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	502.80	−0.010%	$512K	$462K	15x	as long as short
KuCoin MSFTUSDTMlong	+0.0100%	8h	502.85	long leg	$1.6M	$55K	20x
ApeX Omni MSFTUSDT	+0.0100%	1h	502.84	−0.002%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.03	+0.036%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.04	+0.038%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.08	+0.046%	$115K	$45K	30x	as long as short