MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0248%/8h= −27.1% APRnext payment −$0.31 per $10,000 · paid last 24h −0.080%

Price spread now: Nado against Arcus+0.042%7-day average −0.004% · 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−$33as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on Arcus Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.182%−$18 on $10k

Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.042%, 7d avg −0.004%

Together, before fees−0.338%+ Points / potential airdropNado: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.047% dearer against Arcus than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.004%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSFT-USD	503.64	0.0190	pay 0.0024% / 1h	29m 13s	$93K	$83K	10x
Short	Nado MSFT-PERP	503.85	−0.0058	pay 0.0007% / 1h	29m 13s	$411K	$72K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Arcus. 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 ArcusbpFee NadobpOrdersPrice spread, now +0.042%Rate

Funding earned: −$52.05
Price spread: +0.042% → −0.004%: $4.66
Slippage, 4 orders: −$25.95
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$84.85
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Arcus: live order book, 81 min ago; Nado: live order book, 17 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 Arcus live order book, 81 min ago	3.27 bp	7.3 bp −$7	9.8 bp −$98	19.4 bp −$1,938	doesn't fit
Sell Nado live order book, 17 min ago	0.80 bp	12.0 bp −$12	30.5 bp −$305	doesn't fit	doesn't fit

MSFT on 34 exchanges

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
Hotstuff MSFT-PERP	−0.1600%	1h	503.58	−0.012%	$32K	$8K	20x	as long as short
edgeX MSFTUSDC	−0.0284%	4h	503.93	+0.057%	$103K	$244K	10x	as long as short
Nado MSFT-PERPshort	−0.0058%	1h	503.85	+0.042%	$411K	$72K	20x
Deribit MSFT_USDC-PERPETUAL	−0.0008%	1h	503.47	−0.034%	$30K	$47K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.82	+0.036%	$166K	$118K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.76	+0.023%	$324K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.89	+0.049%	$16.3M	$21.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.65	+0.002%	$7.3M	$2.4M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.72	+0.016%	$3.1M	$2.0M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.82	+0.036%	$4.0M	$3.0M	100x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	503.95	+0.061%	$1.3M	$373K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.98	+0.068%	$18K	$320K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.74	+0.218%	$6K	$3.5M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	503.61	−0.006%	$717K	$563K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.81	+0.034%	$49K	$247K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.16	+0.103%	$2.3M	$919K	10x	as long as short
BloFin MSFT-USDT	+0.0010%	8h	504.05	+0.081%	$202K	$218K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.73	+0.018%	$1.2M	$506K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.73	+0.018%	$689K	$1.8M	20x	as long as short
tradeXYZ xyz:MSFT	+0.0041%	1h	503.59	−0.010%	$22.4M	$9.3M	20x	as long as short
Ondo Perps MSFT-USD.P	+0.0046%	1h	503.52	−0.024%	$530K	$402K	15x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.07	+0.085%	—	$1K	25x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.66	+0.004%	$318K	$675K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.73	+0.018%	$60K	$3K	10x	as long as short
OKX MSFT-USDT-SWAP	+0.0050%	8h	504.03	+0.077%	$3.2M	$2.7M	20x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	503.83	+0.038%	$222	—	5x	as long as short
QFEX MSFT-USD	+0.0058%	1h	503.88	+0.048%	$1.2M	$4.7M	10x	as long as short
Phoenix MSFT	+0.0079%	1h	503.69	+0.010%	$11K	$5K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.32	−0.064%	$1.6M	$245K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.72	+0.016%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.76	+0.024%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.78	+0.027%	$55	—	10x	as long as short
Arcus MSFT-USDlong	+0.0190%	1h	503.64	long leg	$93K	$83K	10x
Injective MSFT/USDC PERP	+0.0220%	1h	503.66	+0.004%	$115K	$45K	30x	as long as short