MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0253%/8h= −27.7% APRnext payment −$0.32 per $10,000 · paid last 24h −0.067%

Price spread now: Nado against Injective−0.325%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−$74as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Injective Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.254%−$25 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now −0.325%, 7d avg +0.019%

Together, before fees−0.366%+ Points / potential airdropNado: Active · farm board−$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Nado is 0.344% cheaper against Injective than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MSFT/USDC PERP	503.24	0.0220	pay 0.0028% / 1h	31m 01s	$115K	$45K	30x
Short	Nado MSFT-PERP	501.61	−0.0033	pay 0.0004% / 1h	31m 01s	$414K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Injective. 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 InjectivebpFee NadobpOrdersPrice spread, now −0.325%Rate

Funding earned: −$53.05
Price spread: −0.325% → +0.019%: −$34.42
Slippage, 4 orders: −$32.25
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$126.74
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from Injective: live order book, 33 min ago; Nado: live order book, 32 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 Injective live order book, 33 min ago	9.97 bp	10.0 bp −$10	10.0 bp −$100	65077.8 bp −$6.51M	365388.2 bp −$182.69M
Sell Nado live order book, 32 min ago	0.70 bp	5.6 bp −$6	23.4 bp −$234	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
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	501.24	−0.397%	$679K	$456K	10x	as long as short
Nado MSFT-PERPshort	−0.0033%	1h	501.61	−0.325%	$414K	$64K	20x
BloFin MSFT-USDT	−0.0011%	8h	501.86	−0.274%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.83	−0.280%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.76	−0.293%	$338K	$891K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.91	−0.263%	$15.7M	$18.9M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.79	−0.288%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.96	−0.254%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.74	−0.298%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.82	−0.282%	$4.5M	$2.5M	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	501.82	−0.283%	$1.3M	$650K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.87	−0.272%	$18K	$297K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.68	−0.111%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.62	−0.322%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.70	−0.306%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.00	−0.246%	$2.2M	$768K	10x	as long as short
Hotstuff MSFT-PERP	+0.0016%	1h	501.38	−0.370%	$32K	$8K	20x	as long as short
QFEX MSFT-USD	+0.0030%	1h	501.72	−0.302%	$1.1M	$5.6M	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.72	−0.302%	$687K	$2.0M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.63	−0.320%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.67	−0.312%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.39	−0.368%	$22.1M	$9.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.48	−0.350%	$302K	$648K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.78	−0.290%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.26	−0.393%	$525K	$486K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0061%	8h	501.76	−0.295%	$221	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	501.54	−0.338%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.66	−0.314%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.19	−0.407%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.73	−0.300%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.75	−0.296%	$55	—	10x	as long as short
Lighter MSFT	+0.0176%	1h	502.02	−0.242%	$1.1M	$459K	20x	as long as short
Injective MSFT/USDC PERPlong	+0.0220%	1h	503.24	long leg	$115K	$45K	30x
edgeX MSFTUSDC	+0.0990%	4h	501.81	−0.283%	$102K	$244K	10x	as long as short