MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.04 per $10,000 · paid last 24h −0.004%

Price spread now: Coinbase International against Nado−0.064%7-day average −0.088% · 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−$37as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.057%+$6 on $10k

Price spread, last 3 days (all we have)+0.069%+$7 · spread now −0.064%, 7d avg −0.088%

Together, before fees+0.126%+ Points / potential airdropNado: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.024% dearer against Nado than usual: you sell high and buy low (spread −0.064% now, against its 7-day average of −0.088%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 3 days funding on this pair paid +0.057%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MSFT-PERP	501.90	0.0034	pay 0.0004% / 1h	27m 15s	$414K	$64K	20x
Short	Coinbase International MSFT-PERP-INTX	501.58	0	get 0.0000% / 1h	27m 15s	$688K	$449K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$7.11
Price spread: −0.064% → −0.088%: $2.37
Slippage, 4 orders: −$22.78
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$44.52
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from Nado: live order book, 56 min ago; Coinbase International: live order book, 56 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 Nado live order book, 56 min ago	0.60 bp	9.9 bp −$10	22.8 bp −$228	doesn't fit	doesn't fit
Sell Coinbase International live order book, 56 min ago	2.89 bp	8.1 bp −$8	11.9 bp −$119	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
BloFin MSFT-USDT	−0.0009%	8h	502.04	+0.028%	$188K	$209K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.13	+0.045%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.07	+0.033%	$337K	$407K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.16	+0.051%	$15.7M	$19.3M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.18	+0.056%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.88	−0.004%	$3.1M	$1.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.98	+0.016%	$1.3M	$708K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.05	+0.030%	$19K	$318K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.92	+0.203%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.87	−0.006%	$27K	$104K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSFT-PERP-INTXshort	0.0000%	1h	501.58	−0.064%	$688K	$449K	10x
HTX MSFT-USDT	0.0000%	8h	501.94	+0.008%	$58K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.45	+0.110%	$2.2M	$763K	10x	as long as short
Bitget MSFTUSDT	+0.0005%	8h	502.08	+0.036%	$3.8M	$2.2M	100x	as long as short
Bybit MSFTUSDT	+0.0019%	8h	502.17	+0.054%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.00	+0.020%	$653K	$2.1M	20x	as long as short
Nado MSFT-PERPlong	+0.0034%	1h	501.90	long leg	$414K	$64K	20x
QFEX MSFT-USD	+0.0040%	1h	502.04	+0.028%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.89	−0.002%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.74	−0.032%	$22.3M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.71	−0.038%	$306K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.07	+0.034%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.76	−0.028%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0061%	8h	502.02	+0.023%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.88	−0.004%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.62	−0.056%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.89	−0.002%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.03	+0.026%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.08	+0.035%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	502.16	+0.052%	$1.1M	$590K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	502.04	+0.028%	$98K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.17	+0.054%	$115K	$45K	30x	as long as short
Hotstuff MSFT-PERP	+0.0224%	1h	501.79	−0.022%	$32K	$8K	20x	as long as short
edgeX MSFTUSDC	+0.0633%	4h	502.01	+0.022%	$102K	$242K	10x	as long as short