Funding you earn now, next payment 06:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.09 per $10,000 · paid last 24h −0.018%
Price spread now: Nado against Polymarket Perps+0.007%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 3 days (all we have)−0.095%−$10 on $10k
+Price spread, last 4 days (all we have)+0.025%+$2 · spread now +0.007%, 7d avg +0.047%
=Together, before fees−0.071%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.040% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.047%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSFT-USD | 503.95 | 0.0050 | pay 0.0006% / 1h | 13m 12s | $303K | $718K | 10x |
| Short | Nado MSFT-PERP | 503.99 | −0.0024 | pay 0.0003% / 1h | 13m 12s | $415K | $68K | 20x |
Polymarket Perps MSFT-USD
Nado MSFT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Polymarket 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
- −$15.62
- Price spread: +0.007% → +0.047%
- −$3.96
- Slippage, 4 orders
- −$25.28
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$59.86
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 35 min ago; Nado: live order book, 35 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 Polymarket Perps live order book, 35 min ago | 1.19 bp | 5.2 bp −$5 | 6.7 bp −$67 | 9.1 bp −$915 | doesn't fit |
| Sell Nado live order book, 35 min ago | 0.80 bp | 14.5 bp −$14 | 26.0 bp −$260 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.0096% | 1h | 503.91 | −0.008% | $33K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 503.76 | −0.038% | $684K | $493K | 10x | as long as short |
| Nado MSFT-PERPshort | −0.0024% | 1h | 503.99 | +0.007% | $415K | $68K | 20x | |
| Aster MSFTUSDT | 0.0000% | 8h | 503.99 | +0.007% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.23 | +0.056% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.37 | +0.083% | $15.8M | $19.5M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.10 | +0.030% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.49 | +0.107% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.17 | +0.044% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.37 | +0.083% | $3.8M | $3.0M | 100x | as long as short |
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
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 | 504.27 | +0.064% | $1.3M | $477K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.36 | +0.081% | $18K | $323K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.12 | +0.232% | $6K | $3.9M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.21 | +0.052% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.70 | +0.149% | $2.2M | $812K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.07 | +0.024% | $11K | $15K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0030% | 8h | 504.34 | +0.077% | $189K | $206K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.09 | +0.028% | $691K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 504.26 | +0.062% | $1.2M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 504.07 | +0.024% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.23 | +0.056% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.89 | −0.012% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USDlong | +0.0050% | 1h | 503.95 | long leg | $303K | $718K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.20 | +0.050% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.75 | −0.040% | $518K | $471K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 504.24 | +0.057% | $222 | — | 5x | as long as short |
| Lighter MSFT | +0.0088% | 1h | 504.32 | +0.073% | $1.2M | $516K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.64 | −0.062% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.96 | +0.002% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.19 | +0.048% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.25 | +0.060% | $55 | — | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0167% | 1h | 504.16 | +0.042% | $27K | $43K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.42 | +0.093% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0633% | 4h | 504.28 | +0.066% | $103K | $244K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
BloFin MSFT-USDT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Lighter MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
Injective MSFT/USDC PERP
edgeX MSFTUSDC