Funding you earn now, next payment 00:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.018%
Price spread now: Ondo Perps against Nado−0.036%7-day average −0.058% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.097%+$10 on $10k
+Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.036%, 7d avg −0.058%
=Together, before fees+0.143%+ Points / potential airdropNado: Active · Ondo Perps: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.022% dearer against Nado than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSFT-PERP | 501.83 | −0.0020 | get 0.0003% / 1h | 26m 08s | $414K | $64K | 20x |
| Short | Ondo Perps MSFT-USD.P | 501.65 | 0.0050 | get 0.0006% / 1h | 26m 08s | $529K | $493K | 15x |
Nado MSFT-PERP
Ondo Perps MSFT-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14.83
- Price spread: −0.036% → −0.058%
- $2.19
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $5.02
- Costs to cover
- 0.120%
- Break-even
- 4.6 days
Slippage unknown: Nado: live order book, 52 min ago; Ondo Perps: no order-book sample. Net counts fees only.
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, 52 min ago | 0.60 bp | 11.8 bp −$12 | 26.5 bp −$265 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0779% | 4h | 501.96 | +0.025% | $102K | $242K | 10x | as long as short |
| Nado MSFT-PERPlong | −0.0020% | 1h | 501.83 | long leg | $414K | $64K | 20x | |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 501.76 | −0.014% | $687K | $449K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.22 | +0.077% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.96 | +0.026% | $337K | $392K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.05 | +0.044% | $15.7M | $19.0M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.19 | +0.072% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.79 | −0.008% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 502.06 | +0.046% | $3.8M | $2.3M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.99 | +0.031% | $1.3M | $692K | — | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.06 | +0.047% | $18K | $298K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.80 | +0.193% | $6K | $4.3M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.91 | +0.016% | $27K | $101K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.87 | +0.008% | $59K | $227K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.08 | +0.050% | $2.2M | $747K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0029% | 8h | 501.98 | +0.030% | $189K | $209K | 20x | as long as short |
| Bybit MSFTUSDT | +0.0031% | 8h | 502.12 | +0.058% | $7.4M | $1.7M | 100x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.97 | +0.028% | $619K | $2.1M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.93 | +0.020% | — | $1K | 25x | as long as short |
| QFEX MSFT-USD | +0.0049% | 1h | 501.97 | +0.028% | $1.2M | $5.8M | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.73 | −0.020% | $22.3M | $9.4M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.61 | −0.044% | $303K | $678K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.98 | +0.030% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Pshort | +0.0050% | 1h | 501.65 | −0.036% | $529K | $493K | 15x | |
| Paradex MSFT-USD-PERP | +0.0053% | 8h | 502.00 | +0.033% | $221 | — | 5x | as long as short |
| Hotstuff MSFT-PERP | +0.0064% | 1h | 501.73 | −0.020% | $32K | $8K | 20x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.71 | −0.024% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.61 | −0.044% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.63 | −0.040% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.89 | +0.012% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.99 | +0.031% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0160% | 1h | 502.21 | +0.076% | $1.1M | $585K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.37 | +0.108% | $115K | $45K | 30x | as long as short |
| Arcus MSFT-USD | +0.0286% | 1h | 501.94 | +0.022% | $97K | $109K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Bybit MSFTUSDT
Lighter RH MSFT
Vest MSFT-USD-PERP
QFEX MSFT-USD
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Hotstuff MSFT-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
Arcus MSFT-USD