MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.012%

Price spread now: Phoenix against Nado−0.021%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.021% cheaper against Nado than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 24 hours of funding at the current rate (+$2 a day).

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	6m 55s	$414K	$64K	20x
Short	Phoenix MSFT	501.07	0.0080	get 0.0010% / 1h	6m 55s	$10K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.021%Rate

Funding earned: $14.27
Price spread: −0.021% → 0.000%: −$2.08
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$1.81
Costs to cover: 0.140%
Break-even: 7.9 days

Slippage unknown: Nado: live order book, 1 min ago; Phoenix: 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, 1 min ago	1.00 bp	12.4 bp −$12	24.8 bp −$248	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	−0.0619%	4h	501.32	+0.029%	$102K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.03	−0.029%	$685K	$454K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.47	+0.059%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.30	+0.024%	$342K	$905K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.42	+0.049%	$15.6M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.24	+0.013%	$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	501.12	−0.011%	$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
Variational Omni MSFT	0.0000%	8h	501.33	+0.032%	$1.3M	$690K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.41	+0.048%	$19K	$293K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.20	+0.205%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.13	−0.009%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.33	+0.031%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.74	+0.113%	$2.2M	$761K	10x	as long as short
Nado MSFT-PERPlong	+0.0012%	1h	501.17	long leg	$414K	$64K	20x
BloFin MSFT-USDT	+0.0020%	8h	501.42	+0.049%	$188K	$205K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.26	+0.017%	$617K	$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	500.97	−0.041%	$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	501.29	+0.023%	$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 MSFTshort	+0.0080%	1h	501.07	−0.021%	$10K	$15K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	501.28	+0.021%	$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	501.26	+0.017%	$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	501.49	+0.063%	$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-USD	+0.0212%	1h	501.23	+0.011%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.76	+0.117%	$115K	$45K	30x	as long as short