Funding you earn now, next payment 10:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.06 per $10,000 · paid last 24h −0.020%
Price spread now: Nado against Ondo Perps+0.052%52s7-day average +0.056% · 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)−0.106%−$11 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.052%, 7d avg +0.056%
=Together, before fees−0.222%+ Points / potential airdropOndo Perps: Active · Nado: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 52 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 | Ondo Perps MSFT-USD.P | 504.39 | 0.0050 | pay 0.0006% / 1h | 54m 40s | $537K | $374K | 15x |
| Short | Nado MSFT-PERP | 504.65 | −0.0001 | pay 0.0000% / 1h | 54m 40s | $415K | $67K | 20x |
Ondo Perps MSFT-USD.P
Nado MSFT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Ondo Perps. 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
- −$10.71
- Price spread: +0.052% → +0.056%
- −$0.35
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$23.07
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Nado: live order book, 38 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 38 min ago | 0.60 bp | 5.5 bp −$5 | 23.5 bp −$235 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 504.59 | +0.040% | $692K | $455K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0007% | 8h | 505.02 | +0.125% | $191K | $207K | 20x | as long as short |
| Nado MSFT-PERPshort | −0.0001% | 1h | 504.65 | +0.052% | $415K | $67K | 20x | |
| Aster MSFTUSDT | 0.0000% | 8h | 504.77 | +0.075% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.70 | +0.061% | $326K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.86 | +0.093% | $16.3M | $19.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.56 | +0.034% | $7.3M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.90 | +0.101% | $3.1M | $2.5M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.53 | +0.028% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.82 | +0.085% | $3.9M | $2.8M | 100x | as long as short |
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 | 505.01 | +0.122% | $1.3M | $388K | — | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.83 | +0.285% | $6K | $3.5M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.85 | +0.091% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 505.36 | +0.192% | $2.3M | $869K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.40 | +0.002% | $11K | $5K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.67 | +0.056% | $709K | $1.7M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.85 | +0.091% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.34 | −0.010% | $22.5M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.54 | +0.030% | $304K | $650K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.71 | +0.063% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.Plong | +0.0050% | 1h | 504.39 | long leg | $537K | $374K | 15x | |
| Arcus MSFT-USD | +0.0052% | 1h | 504.61 | +0.044% | $93K | $115K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0056% | 1h | 504.40 | +0.002% | $33K | $8K | 20x | as long as short |
| QFEX MSFT-USD | +0.0061% | 1h | 504.66 | +0.054% | $1.1M | $4.6M | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0062% | 8h | 504.71 | +0.063% | $222 | — | 5x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0067% | 1h | 504.57 | +0.036% | $27K | $45K | 10x | as long as short |
| Lighter MSFT | +0.0072% | 1h | 504.72 | +0.065% | $1.2M | $473K | 20x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0088% | 8h | 504.86 | +0.092% | $19K | $312K | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 504.16 | −0.046% | $1.6M | $148K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 504.50 | +0.022% | $161K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.78 | +0.077% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.61 | +0.043% | $56 | — | 10x | as long as short |
| edgeX MSFTUSDC | +0.0204% | 4h | 504.86 | +0.094% | $103K | $242K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.86 | +0.291% | $116K | $45K | 30x | as long as short |
Variational Omni MSFT
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Arcus MSFT-USD
Hotstuff MSFT-PERP
QFEX MSFT-USD
Paradex MSFT-USD-PERP
Deribit MSFT_USDC-PERPETUAL
Lighter MSFT
GRVT MSFT_USDT_Perp
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
edgeX MSFTUSDC
Injective MSFT/USDC PERP