MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h −0.004%

Price spread now: Nado against Lighter RH−0.058%48s7-day average +0.029% · 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—prices read too far apart to compare

costs, in and out, $10k−$250.251% of the position

Long on Lighter RH Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.058%, 7d avg +0.029%

Together, before fees−0.021%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.086% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.029%). If the spread goes back, that is −$9 on $10k: about 7.6 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MSFT	501.68	0.0032	pay 0.0004% / 1h	58m 39s	$652K	$2.1M	20x
Short	Nado MSFT-PERP	501.39	0.0070	get 0.0009% / 1h	58m 39s	$414K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter RH. 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 Lighter RHbpFee NadobpOrdersPrice spread, now −0.058%Rate

Funding earned: $7.98
Price spread: −0.058% → +0.029%: −$8.65
Slippage, 4 orders: −$18.13
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$25.79
Costs to cover: 0.251%
Break-even: 29.6 days

Slippage from Lighter RH: live order book, 4 min ago; Nado: live order book, 24 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 Lighter RH live order book, 4 min ago	0.50 bp	0.6 bp −$1	3.6 bp −$36	44.2 bp −$4,415	doesn't fit
Sell Nado live order book, 24 min ago	0.60 bp	12.9 bp −$13	27.7 bp −$277	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
Hotstuff MSFT-PERP	−0.0024%	1h	501.41	−0.054%	$32K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.99	+0.062%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.76	+0.016%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.84	+0.032%	$15.7M	$19.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.74	+0.012%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.78	+0.020%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.57	−0.022%	$3.1M	$1.5M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.84	+0.032%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.83	+0.029%	$1.3M	$710K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.77	+0.019%	$19K	$325K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.61	+0.185%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.43	−0.050%	$27K	$104K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.47	−0.042%	$690K	$433K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.69	+0.002%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.92	+0.048%	$2.2M	$767K	10x	as long as short
BloFin MSFT-USDT	+0.0014%	8h	501.86	+0.036%	$188K	$210K	20x	as long as short
Lighter RH MSFTlong	+0.0032%	1h	501.68	long leg	$652K	$2.1M	20x
Vest MSFT-USD-PERP	+0.0046%	1h	501.56	−0.024%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.42	−0.052%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.36	−0.064%	$309K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.77	+0.018%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.34	−0.068%	$529K	$493K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.75	+0.014%	$1.1M	$5.8M	10x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	501.69	+0.001%	$221	—	5x	as long as short
Nado MSFT-PERPshort	+0.0070%	1h	501.39	−0.058%	$414K	$64K	20x
Phoenix MSFT	+0.0096%	1h	501.60	−0.016%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.33	−0.070%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.43	−0.050%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.75	+0.014%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.79	+0.022%	$55	—	10x	as long as short
Lighter MSFT	+0.0120%	1h	501.84	+0.032%	$1.1M	$589K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	501.66	−0.004%	$109K	$90K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.08	+0.279%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0795%	4h	501.83	+0.029%	$102K	$244K	10x	as long as short