MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h +0.005%

Price spread now: Polymarket Perps against Phoenix−0.016%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MSFT	501.67	0.0080	pay 0.0010% / 1h	48m 40s	$10K	$15K	20x
Short	Polymarket Perps MSFT-USD	501.59	0.0050	get 0.0006% / 1h	48m 40s	$305K	$686K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Phoenix. 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 PhoenixbpFee Polymarket PerpsbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$6.25
Price spread: −0.016% → 0.000%: −$1.59
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$22.84
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Polymarket Perps: live order book, 34 min ago. Net counts fees only.

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 Phoenix no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 34 min ago	1.50 bp	5.5 bp −$5	5.7 bp −$57	doesn't fit	doesn't fit

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0510%	4h	502.15	+0.096%	$102K	$243K	10x	as long as short
Hotstuff MSFT-PERP	−0.0072%	1h	501.67	0.000%	$32K	$8K	20x	as long as short
Nado MSFT-PERP	−0.0009%	1h	501.70	+0.007%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.01	+0.068%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.08	+0.081%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.17	+0.100%	$15.7M	$19.4M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.31	+0.128%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.95	+0.056%	$3.1M	$1.5M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.09	+0.084%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.15	+0.096%	$1.3M	$710K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	502.05	+0.076%	$19K	$321K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.89	+0.243%	$6K	$4.4M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.018%	$688K	$449K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.01	+0.068%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.39	+0.144%	$2.2M	$770K	10x	as long as short
Bybit MSFTUSDT	+0.0003%	8h	502.08	+0.082%	$7.4M	$1.7M	100x	as long as short
BloFin MSFT-USDT	+0.0022%	8h	502.12	+0.090%	$188K	$210K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.99	+0.064%	$652K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	501.99	+0.064%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.97	+0.060%	—	—	25x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0049%	1h	501.83	+0.032%	$27K	$104K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.77	+0.020%	$22.3M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USDshort	+0.0050%	1h	501.59	−0.016%	$305K	$686K	10x
SoDEX MSFT-USD	+0.0050%	1h	502.02	+0.070%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.53	−0.028%	$530K	$494K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	501.92	+0.050%	$221	—	5x	as long as short
Phoenix MSFTlong	+0.0080%	1h	501.67	long leg	$10K	$15K	20x
Lighter MSFT	+0.0080%	1h	502.16	+0.098%	$1.1M	$589K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.54	−0.026%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.54	−0.026%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.95	+0.056%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.07	+0.080%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0200%	1h	501.84	+0.034%	$110K	$90K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.17	+0.299%	$115K	$45K	30x	as long as short