Funding you earn now, next payment 04:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h −0.032%
Price spread now: Nado against KuCoin+0.030%7-day average +0.042% · 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−$219as in the Price arb table
costs, in and out, $10k−$2172.174% of the position
Funding, last 3 days (all we have)−0.137%−$14 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.030%, 7d avg +0.042%
=Together, before fees−0.194%+ Points / potential airdropNado: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSFTUSDTM | 501.04 | 0.0100 | pay 0.0100% / 8h | 4h 09m | $1.5M | $20K | 20x |
| Short | Nado MSFT-PERP | 501.19 | −0.0019 | pay 0.0002% / 1h | 9m 35s | $414K | $64K | 20x |
KuCoin MSFTUSDTM
Nado MSFT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against KuCoin. 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
- −$24.89
- Price spread: +0.030% → +0.042%
- −$1.16
- Slippage, 4 orders
- −$198.39
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$243.44
- Costs to cover
- 2.174%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Nado: live order book, 48 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 KuCoin live order book, 6 min ago | 10.78 bp | 77.0 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 48 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0040% | 1h | 500.97 | −0.014% | $677K | $457K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0027% | 8h | 501.33 | +0.058% | $189K | $204K | 20x | as long as short |
| Nado MSFT-PERPshort | −0.0019% | 1h | 501.19 | +0.030% | $414K | $64K | 20x | |
| Aster MSFTUSDT | 0.0000% | 8h | 501.21 | +0.034% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.28 | +0.048% | $337K | $890K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.41 | +0.074% | $15.8M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.06 | +0.004% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.43 | +0.078% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.20 | +0.032% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.29 | +0.050% | $4.5M | $2.5M | 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 | 501.23 | +0.038% | $1.3M | $613K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.34 | +0.060% | $19K | $301K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.16 | +0.224% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 500.99 | −0.010% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.28 | +0.048% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.62 | +0.116% | $2.2M | $770K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.14 | +0.020% | $676K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 501.25 | +0.042% | $1.2M | $5.1M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.09 | +0.010% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.36 | +0.064% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.13 | +0.018% | $10K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.86 | −0.036% | $22.0M | $8.7M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.98 | −0.012% | $302K | $722K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.15 | +0.022% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.84 | −0.040% | $527K | $443K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 501.28 | +0.047% | $221 | — | 5x | as long as short |
| Lighter MSFT | +0.0096% | 1h | 501.37 | +0.066% | $1.1M | $499K | 20x | as long as short |
| KuCoin MSFTUSDTMlong | +0.0100% | 8h | 501.04 | long leg | $1.5M | $20K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.89 | −0.030% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.22 | +0.036% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.23 | +0.038% | $55 | — | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0160% | 1h | 500.86 | −0.036% | $32K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.76 | +0.144% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0590% | 4h | 501.25 | +0.041% | $102K | $242K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Phoenix MSFT
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Lighter MSFT
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Hotstuff MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC