MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h −0.021%

Price spread now: Coinbase International against Polymarket Perps+0.008%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now +0.008%, 7d avg −0.035%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.043% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.035%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSFT-USD	500.93	0.0050	pay 0.0006% / 1h	48m 09s	$302K	$697K	10x
Short	Coinbase International MSFT-PERP-INTX	500.97	−0.0032	pay 0.0004% / 1h	48m 09s	$677K	$450K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$17.22
Price spread: +0.008% → −0.035%: $4.34
Slippage, 4 orders: −$9.83
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$40.71
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Coinbase International: 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, 5 min ago	2.00 bp	6.0 bp −$6	6.7 bp −$67	8.9 bp −$891	doesn't fit
Sell Coinbase International live order book, 5 min ago	1.70 bp	6.8 bp −$7	9.5 bp −$95	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	−0.0121%	1h	501.22	+0.057%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTXshort	−0.0032%	1h	500.97	+0.008%	$677K	$450K	10x
tradeXYZ xyz:MSFT	−0.0030%	1h	500.93	0.000%	$22.1M	$8.7M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.24	+0.061%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.27	+0.068%	$337K	$883K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.42	+0.098%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.08	+0.030%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.31	+0.076%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.20	+0.054%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.30	+0.074%	$4.5M	$2.5M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.27	+0.067%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.28	+0.071%	$19K	$300K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.00	+0.214%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.13	+0.040%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.30	+0.074%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.44	+0.102%	$2.2M	$770K	10x	as long as short
BloFin MSFT-USDT	+0.0013%	8h	501.24	+0.062%	$189K	$204K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.36	+0.086%	$1.1M	$498K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.11	+0.036%	$676K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	501.14	+0.042%	$1.1M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.03	+0.020%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.28	+0.070%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.06	+0.026%	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USDlong	+0.0050%	1h	500.93	long leg	$302K	$697K	10x
SoDEX MSFT-USD	+0.0050%	1h	501.20	+0.054%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.89	−0.008%	$518K	$451K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	501.26	+0.067%	$221	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0056%	1h	500.91	−0.004%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.76	−0.034%	$1.6M	$52K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.93	0.000%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.26	+0.066%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.25	+0.064%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.54	+0.122%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0713%	4h	501.28	+0.070%	$102K	$243K	10x	as long as short