MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0234%/8h= −25.6% APRnext payment −$0.29 per $10,000 · paid last 24h −0.068%

Price spread now: Nado against Injective−0.128%49s7-day average +0.018% · 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—prices read too far apart to compare

costs, in and out, $10k−$460.463% of the position

Long on Injective Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.257%−$26 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.128%, 7d avg +0.018%

Together, before fees−0.294%+ Points / potential airdropNado: Active · farm board−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Nado is 0.146% cheaper against Injective than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.018%). Swap the legs. The two prices were read 49 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	Injective MSFT/USDC PERP	501.76	0.0220	pay 0.0028% / 1h	12m 02s	$115K	$45K	30x
Short	Nado MSFT-PERP	501.12	−0.0014	pay 0.0002% / 1h	12m 02s	$414K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Injective. 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 InjectivebpFee NadobpOrdersPrice spread, now −0.128%Rate

Funding earned: −$49.08
Price spread: −0.128% → +0.018%: −$14.55
Slippage, 4 orders: −$39.28
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$109.93
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from Injective: live order book, 47 min ago; Nado: live order book, 46 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 Injective live order book, 47 min ago	10.08 bp	10.1 bp −$10	10.1 bp −$101	65071.6 bp −$6.51M	365357.3 bp −$182.68M
Sell Nado live order book, 46 min ago	1.00 bp	13.6 bp −$14	24.5 bp −$245	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
edgeX MSFTUSDC	−0.0330%	4h	501.40	−0.072%	$102K	$244K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	500.97	−0.157%	$677K	$457K	10x	as long as short
Nado MSFT-PERPshort	−0.0014%	1h	501.12	−0.128%	$414K	$64K	20x
Aster MSFTUSDT	0.0000%	8h	501.24	−0.104%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.20	−0.111%	$337K	$890K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.34	−0.084%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	500.99	−0.153%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.43	−0.066%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.13	−0.126%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.26	−0.100%	$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	501.46	−0.059%	$1.3M	$615K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.48	−0.056%	$19K	$302K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.09	+0.066%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.04	−0.143%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.12	−0.128%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.58	−0.036%	$2.2M	$770K	10x	as long as short
BloFin MSFT-USDT	+0.0019%	8h	501.31	−0.090%	$189K	$204K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.07	−0.138%	$675K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	501.20	−0.112%	$1.2M	$5.1M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.13	−0.126%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.33	−0.086%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	501.13	−0.126%	$10K	$15K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.81	−0.189%	$22.0M	$8.7M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.96	−0.159%	$302K	$722K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.12	−0.128%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.84	−0.183%	$528K	$443K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	501.18	−0.116%	$221	—	5x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.03	−0.145%	$1.5M	$20K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.20	−0.112%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.26	−0.100%	$8K	—	10x	as long as short
Lighter MSFT	+0.0104%	1h	501.31	−0.090%	$1.1M	$499K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.19	−0.114%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0176%	1h	500.83	−0.185%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERPlong	+0.0220%	1h	501.76	long leg	$115K	$45K	30x