Funding you earn now, next payment 09:00 UTC−0.0159%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.035%
Price spread now: Nado against ApeX Omni+0.046%7-day average +0.039% · 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−$36as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 4 days (all we have)−0.145%−$15 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.046%, 7d avg +0.039%
=Together, before fees−0.241%+ Points / potential airdropNado: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSFTUSDT | 504.29 | 0.0100 | pay 0.0013% / 1h | 59m 18s | $161K | $7K | 50x |
| Short | Nado MSFT-PERP | 504.52 | −0.0059 | pay 0.0007% / 1h | 59m 18s | $415K | $67K | 20x |
ApeX Omni MSFTUSDT
Nado MSFT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against ApeX Omni. 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
- −$33.49
- Price spread: +0.046% → +0.039%
- $0.67
- Slippage, 4 orders
- −$19.34
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$69.15
- Costs to cover
- 0.363%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 32 min ago; Nado: live order book, 34 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 ApeX Omni live order book, 32 min ago | 5.06 bp | 10.1 bp −$10 | 70.2 bp −$702 | doesn't fit | doesn't fit |
| Sell Nado live order book, 34 min ago | 0.60 bp | 5.5 bp −$5 | 23.5 bp −$235 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0297% | 4h | 504.73 | +0.088% | $103K | $244K | 10x | as long as short |
| Nado MSFT-PERPshort | −0.0059% | 1h | 504.52 | +0.046% | $415K | $67K | 20x | |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 504.35 | +0.012% | $693K | $455K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.77 | +0.095% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.74 | +0.089% | $326K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.87 | +0.114% | $16.3M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.60 | +0.061% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.87 | +0.115% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.57 | +0.056% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.83 | +0.107% | $3.9M | $2.8M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
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 | 504.71 | +0.084% | $1.3M | $394K | — | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.63 | +0.266% | $6K | $3.5M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 504.40 | +0.022% | $27K | $45K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.72 | +0.085% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 505.43 | +0.226% | $2.3M | $865K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.58 | +0.058% | $11K | $5K | 20x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 504.73 | +0.087% | $1.1M | $4.6M | 10x | as long as short |
| BloFin MSFT-USDT | +0.0026% | 8h | 504.81 | +0.103% | $190K | $206K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 504.62 | +0.065% | $1.2M | $470K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.65 | +0.071% | $712K | $1.7M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.66 | +0.073% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.34 | +0.010% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.33 | +0.008% | $304K | $650K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.56 | +0.054% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 504.34 | +0.010% | $537K | $386K | 15x | as long as short |
| Arcus MSFT-USD | +0.0052% | 1h | 504.63 | +0.067% | $93K | $115K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0061% | 8h | 504.63 | +0.067% | $222 | — | 5x | as long as short |
| Hotstuff MSFT-PERP | +0.0080% | 1h | 504.34 | +0.010% | $33K | $8K | 20x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0097% | 8h | 504.76 | +0.093% | $19K | $312K | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 504.18 | −0.022% | $1.6M | $142K | 20x | as long as short |
| ApeX Omni MSFTUSDTlong | +0.0100% | 1h | 504.29 | long leg | $161K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.71 | +0.083% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.64 | +0.069% | $56 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.86 | +0.311% | $116K | $45K | 30x | as long as short |
Variational Omni MSFT
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
QFEX MSFT-USD
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Arcus MSFT-USD
Paradex MSFT-USD-PERP
Hotstuff MSFT-PERP
GRVT MSFT_USDT_Perp
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP