MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0079%/8h= −8.6% APRnext payment −$0.10 per $10,000 · paid last 24h +0.074%

Price spread now: Nado against Hotstuff+0.031%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Nado

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 airdropHotstuff: Active · Nado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.031% dearer against Hotstuff than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff MSFT-PERP	501.21	0.0048	pay 0.0006% / 1h	26m 29s	$32K	$8K	20x
Short	Nado MSFT-PERP	501.37	−0.0031	pay 0.0004% / 1h	26m 29s	$414K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Hotstuff. 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 HotstuffbpFee NadobpOrdersPrice spread, now +0.031%Rate

Funding earned: −$16.52
Price spread: +0.031% → 0.000%: $3.15
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$25.37
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Nado: live order book, 36 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Nado live order book, 36 min ago	0.70 bp	5.6 bp −$6	23.4 bp −$234	doesn't fit	doesn't fit

Hotstuff: 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	−0.0064%	1h	501.24	+0.006%	$679K	$456K	10x	as long as short
Nado MSFT-PERPshort	−0.0031%	1h	501.37	+0.031%	$414K	$64K	20x
BloFin MSFT-USDT	−0.0021%	8h	501.70	+0.098%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.67	+0.093%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.43	+0.045%	$337K	$892K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.53	+0.064%	$15.7M	$18.9M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.45	+0.048%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.78	+0.114%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.42	+0.042%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.60	+0.078%	$4.5M	$2.5M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.82	+0.121%	$1.3M	$650K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.69	+0.095%	$19K	$296K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.39	+0.235%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.30	+0.018%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.45	+0.048%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.65	+0.088%	$2.2M	$767K	10x	as long as short
QFEX MSFT-USD	+0.0030%	1h	501.40	+0.038%	$1.1M	$5.6M	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.38	+0.034%	$685K	$2.0M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.45	+0.048%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.52	+0.062%	—	$1K	25x	as long as short
Hotstuff MSFT-PERPlong	+0.0048%	1h	501.21	long leg	$32K	$8K	20x
tradeXYZ xyz:MSFT	+0.0050%	1h	501.20	−0.002%	$22.1M	$9.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.20	−0.002%	$302K	$648K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.50	+0.058%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.39	+0.036%	$524K	$487K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0061%	8h	501.51	+0.059%	$221	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	501.44	+0.046%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.44	+0.046%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.49	+0.056%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.56	+0.070%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.49	+0.056%	$55	—	10x	as long as short
Lighter MSFT	+0.0184%	1h	501.69	+0.096%	$1.1M	$459K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.24	+0.405%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0660%	4h	501.74	+0.106%	$102K	$244K	10x	as long as short