Funding you earn now, next payment 05:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.002%
Price spread now: Nado against Gate+0.017%7-day average +0.003% · 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−$49as in the Price arb table
costs, in and out, $10k−$500.502% of the position
Funding, last 3 days (all we have)−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.017%, 7d avg +0.003%
=Together, before fees−0.145%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSFT_USDT | 501.16 | 0 | get 0.0000% / 8h | 3h 56m | $3.1M | $1.7M | 100x |
| Short | Nado MSFT-PERP | 501.25 | −0.0120 | pay 0.0015% / 1h | 56m 24s | $414K | $64K | 20x |
Gate MSFT_USDT
Nado MSFT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Gate. 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
- −$25.12
- Price spread: +0.017% → +0.003%
- $1.44
- Slippage, 4 orders
- −$28.24
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$73.92
- Costs to cover
- 0.502%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Nado: live order book, 61 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 Gate live order book, 2 min ago | 2.39 bp | 12.9 bp −$13 | 30.7 bp −$307 | doesn't fit | doesn't fit |
| Sell Nado live order book, 61 min ago | 1.00 bp | 13.6 bp −$14 | 24.5 bp −$245 | 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 | −0.0744% | 4h | 501.26 | +0.021% | $102K | $242K | 10x | as long as short |
| Nado MSFT-PERPshort | −0.0120% | 1h | 501.25 | +0.017% | $414K | $64K | 20x | |
| Deribit MSFT_USDC-PERPETUAL | −0.0069% | 1h | 500.93 | −0.046% | $27K | $42K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.0043% | 1h | 500.91 | −0.050% | $22.1M | $8.7M | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 500.97 | −0.038% | $677K | $450K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.20 | +0.007% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.21 | +0.010% | $337K | $883K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.32 | +0.032% | $15.8M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.05 | −0.022% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.32 | +0.032% | $3.0M | $2.3M | 20x | as long as short |
edgeX MSFTUSDC
Deribit MSFT_USDC-PERPETUAL
tradeXYZ xyz:MSFT
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDTlong | 0.0000% | 8h | 501.16 | long leg | $3.1M | $1.7M | 100x | |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.25 | +0.018% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.27 | +0.021% | $1.3M | $609K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.30 | +0.028% | $19K | $301K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.11 | +0.190% | $6K | $4.0M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.17 | +0.002% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.41 | +0.050% | $2.2M | $770K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0022% | 8h | 501.28 | +0.024% | $189K | $203K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0024% | 1h | 500.89 | −0.054% | $32K | $8K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.11 | −0.010% | $677K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0035% | 1h | 501.24 | +0.016% | $1.1M | $4.9M | 10x | as long as short |
| Lighter MSFT | +0.0040% | 1h | 501.35 | +0.038% | $1.1M | $498K | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.04 | −0.024% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.37 | +0.042% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.08 | −0.016% | $10K | $15K | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.95 | −0.042% | $302K | $697K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.15 | −0.002% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.85 | −0.062% | $518K | $451K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0054% | 8h | 501.27 | +0.022% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.84 | −0.064% | $1.6M | $20K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.16 | 0.000% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.22 | +0.012% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.21 | +0.010% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.70 | +0.307% | $115K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Hotstuff MSFT-PERP
Lighter RH MSFT
QFEX MSFT-USD
Lighter MSFT
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP