Funding you earn now, next payment 09:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.020%
Price spread now: SoDEX against Nado+0.060%47s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.060% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSFT-PERP | 503.44 | −0.0018 | get 0.0002% / 1h | 23m 27s | $414K | $67K | 20x |
| Short | SoDEX MSFT-USD | 503.74 | 0.0050 | get 0.0006% / 1h | 23m 27s | $60K | $3K | 10x |
Nado MSFT-PERP
SoDEX MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $14.21
- Price spread: +0.060% → 0.000%
- $5.97
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $5.18
- Costs to cover
- 0.150%
- Break-even
- 4.4 days
Slippage unknown: Nado: live order book, 9 min ago; SoDEX: 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, 9 min ago | 0.60 bp | 10.8 bp −$11 | 25.5 bp −$255 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 503.90 | +0.092% | $681K | $457K | 10x | as long as short |
| Nado MSFT-PERPlong | −0.0018% | 1h | 503.44 | long leg | $414K | $67K | 20x | |
| Aster MSFTUSDT | 0.0000% | 8h | 504.03 | +0.117% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.80 | +0.072% | $335K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.93 | +0.098% | $15.9M | $19.3M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.56 | +0.024% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.94 | +0.099% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.62 | +0.036% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.69 | +0.050% | $3.9M | $2.8M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.92 | +0.095% | $1.3M | $387K | — | as long as short |
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit 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 | 503.93 | +0.097% | $19K | $316K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.79 | +0.268% | $6K | $3.6M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.85 | +0.082% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.36 | +0.183% | $2.2M | $840K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.57 | +0.026% | $11K | $15K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0020% | 8h | 503.99 | +0.109% | $192K | $203K | 20x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 503.87 | +0.086% | $1.1M | $4.6M | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.64 | +0.040% | $1.2M | $517K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.65 | +0.042% | $700K | $1.9M | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0040% | 1h | 503.32 | −0.024% | $32K | $8K | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.66 | +0.044% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.73 | +0.058% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.30 | −0.028% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.30 | −0.028% | $303K | $650K | 10x | as long as short |
| SoDEX MSFT-USDshort | +0.0050% | 1h | 503.74 | +0.060% | $60K | $3K | 10x | |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.43 | −0.002% | $514K | $405K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0054% | 8h | 503.72 | +0.055% | $222 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.53 | +0.018% | $1.6M | $118K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.71 | +0.054% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.79 | +0.070% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.78 | +0.067% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.84 | +0.477% | $116K | $45K | 30x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0227% | 1h | 503.69 | +0.050% | $27K | $45K | 10x | as long as short |
| edgeX MSFTUSDC | +0.0494% | 4h | 503.90 | +0.092% | $103K | $243K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
BloFin MSFT-USDT
QFEX MSFT-USD
Lighter MSFT
Lighter RH MSFT
Hotstuff MSFT-PERP
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
Deribit MSFT_USDC-PERPETUAL
edgeX MSFTUSDC