MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h +0.006%

Price spread now: Extended against Nado+0.035%7-day average +0.013% · 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−$33as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on Nado Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 3 days (all we have)+0.025%+$3 · spread now +0.035%, 7d avg +0.013%

Together, before fees+0.073%+ Points / potential airdropNado: Active · Extended: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.021% dearer against Nado than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MSFT-PERP	501.96	−0.0026	get 0.0003% / 1h	47m 08s	$414K	$64K	20x
Short	Extended MSFT_24_5-USD	502.13	0	get 0.0000% / 1h	47m 08s	$337K	$392K	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.035%Rate

Funding earned: $5.44
Price spread: +0.035% → +0.013%: $2.13
Slippage, 4 orders: −$23.33
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.76
Costs to cover: 0.353%
Break-even: 42.7 days

Slippage from Nado: live order book, 31 min ago; Extended: live order book, 30 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, 31 min ago	0.60 bp	11.8 bp −$12	26.5 bp −$265	doesn't fit	doesn't fit
Sell Extended live order book, 30 min ago	0.60 bp	5.8 bp −$6	28.4 bp −$284	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
Nado MSFT-PERPlong	−0.0026%	1h	501.96	long leg	$414K	$64K	20x
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.76	−0.039%	$687K	$450K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.20	+0.048%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USDshort	0.0000%	1h	502.13	+0.035%	$337K	$392K	17x
Binance MSFTUSDT	0.0000%	8h	502.23	+0.054%	$15.7M	$19.1M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.31	+0.070%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.00	+0.008%	$3.2M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.28	+0.064%	$3.8M	$2.3M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.26	+0.060%	$1.3M	$702K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.15	+0.039%	$18K	$308K	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	502.98	+0.204%	$6K	$4.3M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.01	+0.010%	$59K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.33	+0.074%	$2.2M	$753K	10x	as long as short
BloFin MSFT-USDT	+0.0001%	8h	502.29	+0.066%	$188K	$209K	20x	as long as short
Bybit MSFTUSDT	+0.0026%	8h	502.36	+0.080%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.14	+0.036%	$640K	$2.1M	20x	as long as short
Hotstuff MSFT-PERP	+0.0040%	1h	501.85	−0.021%	$32K	$8K	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.11	+0.030%	—	$1K	25x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0049%	1h	502.07	+0.022%	$27K	$101K	10x	as long as short
QFEX MSFT-USD	+0.0049%	1h	502.09	+0.026%	$1.1M	$5.8M	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.87	−0.017%	$22.3M	$9.6M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.76	−0.039%	$303K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.18	+0.044%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.76	−0.039%	$529K	$494K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	502.18	+0.045%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	502.03	+0.014%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.69	−0.053%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.91	−0.009%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.12	+0.032%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.15	+0.039%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	502.33	+0.074%	$1.1M	$585K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.36	+0.080%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0286%	1h	502.12	+0.032%	$97K	$109K	10x	as long as short
edgeX MSFTUSDC	+0.0785%	4h	502.22	+0.052%	$102K	$243K	10x	as long as short