Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.007%
Price spread now: Nado against Bybit−0.002%7-day average −0.019% · 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−$45as in the Price arb table
costs, in and out, $10k−$460.463% of the position
Funding, last 3 days (all we have)−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.002%, 7d avg −0.019%
=Together, before fees−0.122%+ Points / potential airdropNado: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.019%, 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 | Bybit MSFTUSDT | 503.73 | 0 | get 0.0000% / 8h | 1h 31m | $7.3M | $2.3M | 100x |
| Short | Nado MSFT-PERP | 503.72 | 0.0012 | get 0.0001% / 1h | 31m 14s | $415K | $67K | 20x |
Bybit MSFTUSDT
Nado MSFT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Bybit. 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
- $2.46
- Price spread: −0.002% → −0.019%
- $1.76
- Slippage, 4 orders
- −$28.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$42.04
- Costs to cover
- 0.463%
- Break-even
- 126.5 days
Slippage from Bybit: live order book, 7 min ago; Nado: live order book, 12 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 Bybit live order book, 7 min ago | 1.09 bp | 9.8 bp −$10 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell Nado live order book, 12 min ago | 1.19 bp | 13.7 bp −$14 | 28.7 bp −$287 | 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 | −0.0721% | 4h | 503.94 | +0.042% | $103K | $244K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0048% | 1h | 503.66 | −0.014% | $682K | $500K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0027% | 8h | 504.03 | +0.060% | $191K | $206K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.80 | +0.014% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.91 | +0.036% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.03 | +0.060% | $15.8M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDTlong | 0.0000% | 8h | 503.73 | long leg | $7.3M | $2.3M | 100x | |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.93 | +0.040% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.83 | +0.020% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.97 | +0.048% | $3.8M | $3.0M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance 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 | 504.01 | +0.055% | $1.3M | $499K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.03 | +0.060% | $18K | $327K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.77 | +0.206% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.75 | +0.004% | $27K | $43K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.84 | +0.022% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.96 | +0.046% | $2.2M | $821K | 10x | as long as short |
| Nado MSFT-PERPshort | +0.0012% | 1h | 503.72 | −0.002% | $415K | $67K | 20x | |
| Lighter RH MSFT | +0.0032% | 1h | 503.79 | +0.012% | $701K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0039% | 1h | 503.93 | +0.040% | $1.1M | $4.8M | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0040% | 1h | 503.52 | −0.042% | $32K | $8K | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.71 | −0.004% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.91 | +0.036% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.54 | −0.038% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.70 | −0.006% | $303K | $718K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.83 | +0.020% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.54 | −0.038% | $522K | $476K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 503.84 | +0.022% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.69 | −0.008% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.49 | −0.048% | $1.6M | $60K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.48 | −0.050% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.91 | +0.036% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.95 | +0.043% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0136% | 1h | 504.06 | +0.066% | $1.2M | $514K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.21 | +0.095% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter RH MSFT
QFEX MSFT-USD
Hotstuff MSFT-PERP
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP