MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h +0.002%

Price spread now: Polymarket Perps against QFEX−0.058%7-day average −0.057% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on QFEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.053%+$5 · spread now −0.058%, 7d avg −0.057%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSFT-USD	501.24	0.0036	pay 0.0004% / 1h	39m 14s	$1.1M	$5.6M	10x
Short	Polymarket Perps MSFT-USD	500.95	0.0050	get 0.0006% / 1h	39m 14s	$295K	$672K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against QFEX. 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 QFEXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.058%Rate

Funding earned: $3.04
Price spread: −0.058% → −0.057%: −$0.09
Slippage, 4 orders: −$6.09
Fee QFEX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$21.14
Costs to cover: 0.241%
Break-even: 55.7 days

Slippage from QFEX: live order book, 9 min ago; Polymarket Perps: live order book, 19 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 QFEX live order book, 9 min ago	1.20 bp	6.2 bp −$6	6.6 bp −$66	12.7 bp −$1,269	doesn't fit
Sell Polymarket Perps live order book, 19 min ago	1.30 bp	5.5 bp −$5	5.5 bp −$55	6.8 bp −$684	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	−0.0040%	1h	500.97	−0.054%	$678K	$456K	10x	as long as short
Nado MSFT-PERP	−0.0026%	1h	501.03	−0.042%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.01	−0.045%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.26	+0.005%	$341K	$893K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.40	+0.032%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.07	−0.034%	$7.2M	$2.1M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.55	+0.062%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.25	+0.002%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.38	+0.028%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.35	+0.022%	$1.3M	$613K	—	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	501.38	+0.028%	$19K	$302K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.15	+0.182%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.06	−0.036%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.22	−0.004%	$58K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.50	+0.052%	$2.2M	$779K	10x	as long as short
BloFin MSFT-USDT	+0.0010%	8h	501.40	+0.032%	$189K	$204K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.11	−0.026%	$674K	$2.0M	20x	as long as short
QFEX MSFT-USDlong	+0.0036%	1h	501.24	long leg	$1.1M	$5.6M	10x
Arcus MSFT-USD	+0.0040%	1h	501.10	−0.028%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.06	−0.036%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	500.92	−0.064%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.85	−0.078%	$22.1M	$8.7M	20x	as long as short
Polymarket Perps MSFT-USDshort	+0.0050%	1h	500.95	−0.058%	$295K	$672K	10x
SoDEX MSFT-USD	+0.0050%	1h	501.25	+0.002%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.97	−0.054%	$527K	$456K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	501.23	−0.001%	$221	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0096%	1h	500.85	−0.078%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.84	−0.080%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.05	−0.038%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.24	0.000%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.26	+0.005%	$55	—	10x	as long as short
Lighter MSFT	+0.0120%	1h	501.38	+0.028%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.66	+0.084%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0513%	4h	501.36	+0.025%	$102K	$242K	10x	as long as short