MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h +0.077%

Price spread now: Arcus against Nado+0.011%7-day average +0.004% · 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−$44as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Nado Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.172%+$17 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.011%, 7d avg +0.004%

Together, before fees+0.230%+ Points / potential airdropNado: Active · farm board+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MSFT-PERP	501.17	0.0012	pay 0.0001% / 1h	7m 31s	$414K	$64K	20x
Short	Arcus MSFT-USD	501.23	0.0212	get 0.0026% / 1h	7m 31s	$97K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Nado. 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 NadobpFee ArcusbpOrdersPrice spread, now +0.011%Rate

Funding earned: $42
Price spread: +0.011% → +0.004%: $0.71
Slippage, 4 orders: −$33.44
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$2.24
Costs to cover: 0.449%
Break-even: 7.4 days

Slippage from Nado: live order book, 65 min ago; Arcus: live order book, just now.

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 Nado live order book, 65 min ago	0.60 bp	11.0 bp −$11	28.6 bp −$286	doesn't fit	doesn't fit
Sell Arcus live order book, just now	2.29 bp	11.6 bp −$12	14.2 bp −$142	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	−0.0619%	4h	501.32	+0.029%	$102K	$242K	10x	as long as short
BloFin MSFT-USDT	−0.0018%	8h	501.41	+0.047%	$188K	$205K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.03	−0.029%	$685K	$453K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.45	+0.055%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.30	+0.026%	$342K	$905K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.42	+0.049%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.19	+0.003%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.38	+0.041%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.15	−0.005%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.42	+0.049%	$3.8M	$2.1M	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	501.33	+0.032%	$1.3M	$690K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.41	+0.048%	$19K	$293K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.18	+0.201%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.06	−0.023%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.21	+0.007%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.76	+0.117%	$2.2M	$760K	10x	as long as short
Nado MSFT-PERPlong	+0.0012%	1h	501.17	long leg	$414K	$64K	20x
Lighter RH MSFT	+0.0032%	1h	501.28	+0.021%	$619K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0044%	1h	501.39	+0.043%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.28	+0.021%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.91	−0.053%	$22.1M	$9.2M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.94	−0.047%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.23	+0.011%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.92	−0.051%	$514K	$503K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.30	+0.024%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.07	−0.021%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.23	+0.011%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.87	−0.061%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.24	+0.013%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.22	+0.010%	$55	—	10x	as long as short
Lighter MSFT	+0.0112%	1h	501.48	+0.061%	$1.1M	$486K	20x	as long as short
Hotstuff MSFT-PERP	+0.0176%	1h	501.00	−0.035%	$32K	$8K	20x	as long as short
Arcus MSFT-USDshort	+0.0212%	1h	501.23	+0.011%	$97K	$109K	10x
Injective MSFT/USDC PERP	+0.0220%	1h	501.76	+0.117%	$115K	$45K	30x	as long as short