Funding you earn now, next payment 22:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.007%
Price spread now: OKX against Nado+0.078%7-day average +0.028% · 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−$380.383% of the position
Funding, last 3 days (all we have)+0.036%+$4 on $10k
+Price spread, last 3 days (all we have)+0.049%+$5 · spread now +0.078%, 7d avg +0.028%
=Together, before fees+0.085%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.050% dearer against Nado than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSFT-PERP | 501.39 | 0.0002 | pay 0.0000% / 1h | 4m 45s | $414K | $64K | 20x |
| Short | OKX MSFT-USDT-SWAP | 501.78 | 0 | get 0.0000% / 8h | 2h 04m | $3.0M | $2.3M | 20x |
Nado MSFT-PERP
OKX MSFT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.43
- Price spread: +0.078% → +0.028%
- $4.97
- Slippage, 4 orders
- −$21.32
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$33.78
- Costs to cover
- 0.383%
- Break-even
- never at this rate
Slippage from Nado: live order book, 18 min ago; OKX: live order book, 2 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, 18 min ago | 0.60 bp | 9.9 bp −$10 | 22.8 bp −$228 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.10 bp | 7.7 bp −$8 | 16.6 bp −$166 | 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 | −0.0064% | 1h | 501.39 | 0.000% | $32K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0040% | 1h | 501.47 | +0.016% | $690K | $433K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0021% | 8h | 501.86 | +0.094% | $188K | $210K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.99 | +0.120% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.85 | +0.091% | $372K | $369K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.90 | +0.101% | $15.7M | $19.3M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.76 | +0.074% | $7.4M | $1.7M | 100x | as long as short |
| OKX MSFT-USDT-SWAPshort | 0.0000% | 8h | 501.78 | +0.078% | $3.0M | $2.3M | 20x | |
| Gate MSFT_USDT | 0.0000% | 8h | 501.65 | +0.052% | $3.1M | $1.5M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.84 | +0.090% | $3.8M | $2.2M | 100x | as long as short |
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.88 | +0.097% | $1.3M | $710K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.71 | +0.064% | $19K | $328K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.64 | +0.249% | $6K | $4.4M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.51 | +0.024% | $27K | $104K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.82 | +0.086% | $59K | $230K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.98 | +0.118% | $2.2M | $768K | 10x | as long as short |
| Nado MSFT-PERPlong | +0.0002% | 1h | 501.39 | long leg | $414K | $64K | 20x | |
| Lighter MSFT | +0.0032% | 1h | 501.80 | +0.082% | $1.1M | $654K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.66 | +0.054% | $652K | $2.2M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.60 | +0.042% | — | — | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.40 | +0.002% | $22.2M | $10.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.39 | 0.000% | $309K | $683K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.79 | +0.080% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.32 | −0.014% | $521K | $485K | 15x | as long as short |
| QFEX MSFT-USD | +0.0050% | 1h | 501.78 | +0.078% | $1.2M | $5.7M | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.68 | +0.058% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0096% | 1h | 501.60 | +0.042% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.20 | −0.038% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.23 | −0.032% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.77 | +0.076% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.81 | +0.084% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.08 | +0.337% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USD | +0.0531% | 1h | 501.67 | +0.056% | $109K | $90K | 10x | as long as short |
| edgeX MSFTUSDC | +0.0657% | 4h | 501.84 | +0.090% | $102K | $243K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
QFEX MSFT-USD
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
Arcus MSFT-USD
edgeX MSFTUSDC