MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.007%

Price spread now: Nado against Extended+0.002%7-day average −0.014% · 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−$34as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Extended Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.051%−$5 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.002%, 7d avg −0.014%

Together, before fees−0.150%+ Points / potential airdropExtended: Active · Nado: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	504.21	0	get 0.0000% / 1h	47m 14s	$338K	$1.9M	17x
Short	Nado MSFT-PERP	504.22	−0.0084	pay 0.0010% / 1h	47m 14s	$415K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Extended. 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 ExtendedbpFee NadobpOrdersPrice spread, now +0.002%Rate

Funding earned: −$17.58
Price spread: +0.002% → −0.014%: $1.61
Slippage, 4 orders: −$23.14
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$51.11
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Nado: live order book, 51 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 Extended live order book, 1 min ago	0.10 bp	5.4 bp −$5	26.2 bp −$262	doesn't fit	doesn't fit
Sell Nado live order book, 51 min ago	0.69 bp	12.8 bp −$13	27.3 bp −$273	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	−0.0960%	4h	504.46	+0.049%	$103K	$244K	10x	as long as short
Nado MSFT-PERPshort	−0.0084%	1h	504.22	+0.002%	$415K	$67K	20x
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	504.06	−0.030%	$683K	$492K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.54	+0.066%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	504.21	long leg	$338K	$1.9M	17x
Binance MSFTUSDT	0.0000%	8h	504.45	+0.047%	$15.9M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.18	−0.006%	$7.2M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.58	+0.073%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.24	+0.006%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.34	+0.025%	$3.9M	$3.0M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	504.39	+0.036%	$1.3M	$401K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.57	+0.071%	$18K	$318K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	505.21	+0.198%	$6K	$3.7M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.87	−0.068%	$27K	$44K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.26	+0.010%	$59K	$224K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.41	+0.039%	$2.2M	$827K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	504.20	−0.002%	$11K	$15K	20x	as long as short
QFEX MSFT-USD	+0.0023%	1h	504.41	+0.039%	$1.1M	$4.6M	10x	as long as short
BloFin MSFT-USDT	+0.0025%	8h	504.34	+0.025%	$191K	$205K	20x	as long as short
Lighter MSFT	+0.0032%	1h	504.03	−0.036%	$1.2M	$510K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.01	−0.040%	$697K	$1.9M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	504.17	−0.008%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.46	+0.049%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0047%	1h	504.08	−0.026%	$22.4M	$8.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	504.23	+0.004%	$304K	$679K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.06	−0.030%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	504.00	−0.042%	$514K	$411K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0052%	8h	504.28	+0.014%	$222	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.98	−0.046%	$1.6M	$95K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	504.18	−0.006%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.39	+0.035%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.27	+0.011%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0184%	1h	504.01	−0.040%	$33K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	505.94	+0.343%	$116K	$45K	30x	as long as short