MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.02 per $10,000 · paid last 24h −0.011%

Price spread now: QFEX against Polymarket Perps+0.068%54s7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.238% of the position

Long on Polymarket Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.039%−$4 on $10k

Price spread, last 7 days−0.080%−$8 · spread now +0.068%, 7d avg +0.054%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 54 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	501.80	0.0050	pay 0.0006% / 1h	31m 36s	$304K	$676K	10x
Short	QFEX MSFT-USD	502.14	0.0031	get 0.0004% / 1h	31m 36s	$1.1M	$5.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$4.07
Price spread: +0.068% → +0.054%: $1.34
Slippage, 4 orders: −$5.82
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$26.55
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 16 min ago; QFEX: live order book, 8 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, 16 min ago	1.40 bp	6.0 bp −$6	7.1 bp −$71	8.9 bp −$887	doesn't fit
Sell QFEX live order book, 8 min ago	1.20 bp	6.2 bp −$6	6.2 bp −$62	11.3 bp −$1,128	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	−0.0247%	4h	502.06	+0.051%	$102K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	501.71	−0.018%	$689K	$431K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.82	+0.004%	$160K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.11	+0.061%	$371K	$368K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.16	+0.072%	$15.7M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.25	+0.090%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.20	+0.080%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.87	+0.014%	$3.1M	$1.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.03	+0.046%	$1.3M	$725K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.94	+0.028%	$18K	$340K	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	502.92	+0.223%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.90	+0.020%	$27K	$115K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.01	+0.042%	$58K	$231K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.40	+0.120%	$2.2M	$742K	10x	as long as short
Nado MSFT-PERP	+0.0003%	1h	501.84	+0.008%	$415K	$62K	20x	as long as short
Bitget MSFTUSDT	+0.0004%	8h	502.13	+0.066%	$3.9M	$2.1M	100x	as long as short
BloFin MSFT-USDT	+0.0010%	8h	502.07	+0.054%	$190K	$208K	20x	as long as short
Hotstuff MSFT-PERP	+0.0016%	1h	501.82	+0.004%	$32K	$8K	20x	as long as short
QFEX MSFT-USDshort	+0.0031%	1h	502.14	+0.068%	$1.1M	$5.6M	10x
Lighter RH MSFT	+0.0032%	1h	502.04	+0.048%	$659K	$2.2M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.03	+0.046%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.80	0.000%	$22.2M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USDlong	+0.0050%	1h	501.80	long leg	$304K	$676K	10x
SoDEX MSFT-USD	+0.0050%	1h	502.11	+0.062%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	502.15	+0.070%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.56	−0.048%	$515K	$479K	15x	as long as short
Phoenix MSFT	+0.0064%	1h	501.84	+0.008%	$11K	$15K	20x	as long as short
Lighter MSFT	+0.0072%	1h	502.21	+0.082%	$1.1M	$660K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.65	−0.030%	$1.5M	$18K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.51	−0.058%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.14	+0.068%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.08	+0.055%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.99	+0.038%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0301%	1h	502.13	+0.066%	$109K	$78K	10x	as long as short