Funding you earn now, next payment 07:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.019%
Price spread now: Polymarket Perps against Nado−0.004%7-day average −0.046% · 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−$34as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 3 days (all we have)+0.096%+$10 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.004%, 7d avg −0.046%
=Together, before fees+0.069%+ Points / potential airdropNado: 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 Polymarket Perps is 0.042% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSFT-PERP | 503.72 | 0.0012 | pay 0.0001% / 1h | 31m 10s | $415K | $67K | 20x |
| Short | Polymarket Perps MSFT-USD | 503.70 | 0.0050 | get 0.0006% / 1h | 31m 10s | $303K | $718K | 10x |
Nado MSFT-PERP
Polymarket Perps MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $8.04
- Price spread: −0.004% → −0.046%
- $4.23
- Slippage, 4 orders
- −$23.4
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$26.13
- Costs to cover
- 0.384%
- Break-even
- 29.8 days
Slippage from Nado: live order book, 12 min ago; Polymarket Perps: live order book, 12 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, 12 min ago | 1.19 bp | 12.3 bp −$12 | 26.5 bp −$265 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 12 min ago | 1.19 bp | 5.7 bp −$6 | 6.7 bp −$67 | 8.3 bp −$830 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0721% | 4h | 503.94 | +0.043% | $103K | $244K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0048% | 1h | 503.66 | −0.012% | $682K | $500K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0027% | 8h | 504.03 | +0.061% | $191K | $206K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.80 | +0.015% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.91 | +0.037% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.02 | +0.059% | $15.8M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.74 | +0.004% | $7.3M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.93 | +0.042% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.83 | +0.022% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.97 | +0.049% | $3.8M | $3.0M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
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 | 504.01 | +0.057% | $1.3M | $499K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.03 | +0.062% | $18K | $327K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.77 | +0.208% | $6K | $3.9M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.75 | +0.006% | $27K | $43K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.84 | +0.024% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.96 | +0.047% | $2.2M | $821K | 10x | as long as short |
| Nado MSFT-PERPlong | +0.0012% | 1h | 503.72 | long leg | $415K | $67K | 20x | |
| Lighter RH MSFT | +0.0032% | 1h | 503.79 | +0.014% | $701K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0039% | 1h | 503.93 | +0.042% | $1.1M | $4.8M | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0040% | 1h | 503.52 | −0.040% | $32K | $8K | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.71 | −0.002% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.91 | +0.038% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.56 | −0.032% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USDshort | +0.0050% | 1h | 503.70 | −0.004% | $303K | $718K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.83 | +0.022% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.54 | −0.036% | $522K | $476K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 503.84 | +0.024% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.69 | −0.006% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.51 | −0.042% | $1.6M | $60K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.48 | −0.048% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.91 | +0.038% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.95 | +0.045% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0136% | 1h | 504.06 | +0.067% | $1.2M | $514K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.21 | +0.097% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter RH MSFT
QFEX MSFT-USD
Hotstuff MSFT-PERP
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP