Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Gate against Polymarket Perps+0.052%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 7 days+0.007%+$1 · spread now +0.052%, 7d avg +0.074%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.022% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.074%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSFT-USD | 502.67 | 0.0050 | pay 0.0006% / 1h | 22m 53s | $303K | $705K | 10x |
| Short | Gate MSFT_USDT | 502.93 | 0 | get 0.0000% / 8h | 3h 22m | $3.1M | $1.7M | 100x |
Polymarket Perps MSFT-USD
Gate MSFT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: +0.052% → +0.074%
- −$2.23
- Slippage, 4 orders
- −$19.45
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$55.18
- Costs to cover
- 0.424%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 30 min ago; Gate: 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, 30 min ago | 2.00 bp | 6.0 bp −$6 | 6.7 bp −$67 | 8.9 bp −$891 | doesn't fit |
| Sell Gate live order book, 5 min ago | 5.28 bp | 13.1 bp −$13 | 59.2 bp −$592 | 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 | −0.0103% | 1h | 502.87 | +0.039% | $415K | $64K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 502.46 | −0.042% | $680K | $448K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.0008% | 1h | 502.71 | +0.008% | $22.2M | $8.8M | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.88 | +0.041% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.06 | +0.078% | $339K | $884K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.17 | +0.099% | $15.8M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.91 | +0.048% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.09 | +0.084% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDTshort | 0.0000% | 8h | 502.93 | +0.052% | $3.1M | $1.7M | 100x | |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.00 | +0.066% | $4.4M | $2.6M | 100x | as long as short |
Nado MSFT-PERP
Coinbase International MSFT-PERP-INTX
tradeXYZ xyz:MSFT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 502.37 | −0.059% | $1.3M | $607K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.63 | −0.007% | $19K | $299K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 503.96 | +0.257% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 502.87 | +0.040% | $27K | $42K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.00 | +0.066% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.10 | +0.086% | $2.2M | $782K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0020% | 8h | 503.13 | +0.092% | $189K | $204K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.21 | +0.107% | $1.1M | $503K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.97 | +0.060% | $681K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 502.92 | +0.050% | $1.2M | $4.9M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 502.35 | −0.064% | $96K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.06 | +0.078% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 502.52 | −0.030% | $11K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USDlong | +0.0050% | 1h | 502.67 | long leg | $303K | $705K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.00 | +0.066% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 502.94 | +0.054% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 502.53 | −0.028% | $511K | $461K | 15x | as long as short |
| Hotstuff MSFT-PERP | +0.0056% | 1h | 502.33 | −0.068% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.52 | −0.030% | $1.6M | $55K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.18 | −0.097% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.90 | +0.046% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 502.95 | +0.056% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.14 | −0.105% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0614% | 4h | 502.32 | −0.070% | $102K | $242K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Ondo Perps MSFT-USD.P
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC