MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 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+0.080%63s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as 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−$370.370% 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)−0.043%−$4 · spread now +0.080%, 7d avg +0.005%

Together, before fees+0.056%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.075% dearer against Polymarket Perps than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.005%. The two prices were read 63 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	502.23	0.0050	pay 0.0006% / 1h	46m 30s	$302K	$713K	10x
Short	ApeX Omni MSFTUSDT	502.63	0.0100	get 0.0013% / 1h	46m 30s	$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 +0.080%Rate

Funding earned: $10.5
Price spread: +0.080% → +0.005%: $7.48
Slippage, 4 orders: −$19.03
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.05
Costs to cover: 0.370%
Break-even: 19.7 days

Slippage from Polymarket Perps: live order book, 1 min ago; ApeX Omni: live order book, 64 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, 1 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, 64 min ago	7.49 bp	12.5 bp −$12	79.4 bp −$794	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
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	502.41	+0.036%	$684K	$454K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.59	+0.072%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.46	+0.045%	$341K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.59	+0.072%	$15.8M	$19.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.40	+0.034%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.85	+0.123%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.42	+0.038%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.59	+0.072%	$4.2M	$2.7M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.78	+0.109%	$1.3M	$493K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.91	+0.135%	$18K	$311K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	503.60	+0.273%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	502.52	+0.058%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.71	+0.096%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.10	+0.173%	$2.2M	$791K	10x	as long as short
Nado MSFT-PERP	+0.0001%	1h	502.31	+0.015%	$411K	$66K	20x	as long as short
Phoenix MSFT	+0.0016%	1h	502.53	+0.060%	$11K	$15K	20x	as long as short
BloFin MSFT-USDT	+0.0019%	8h	502.85	+0.123%	$190K	$204K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.43	+0.040%	$682K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	502.55	+0.064%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	502.53	+0.060%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.55	+0.064%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	502.14	−0.018%	$22.2M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USDlong	+0.0050%	1h	502.23	long leg	$302K	$713K	10x
SoDEX MSFT-USD	+0.0050%	1h	502.59	+0.072%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	502.31	+0.016%	$511K	$463K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	502.52	+0.058%	$221	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0064%	1h	502.36	+0.026%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.46	+0.046%	$1.6M	$57K	20x	as long as short
ApeX Omni MSFTUSDTshort	+0.0100%	1h	502.63	+0.080%	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.67	+0.088%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.73	+0.099%	$55	—	10x	as long as short
Lighter MSFT	+0.0112%	1h	502.71	+0.096%	$1.2M	$495K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.24	+0.201%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0752%	4h	502.72	+0.098%	$102K	$244K	10x	as long as short