MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.05 per $10,000 · paid last 24h −0.009%

Price spread now: Nado against Lighter RH−0.017%48s7-day average +0.026% · 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−$280.281% of the position

Long on Lighter RH Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.069%−$7 on $10k

Price spread, last 4 days (all we have)−0.160%−$16 · spread now −0.017%, 7d avg +0.026%

Together, before fees−0.229%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.043% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.026%). Swap the legs. The two prices were read 48 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	Lighter RH MSFT	501.31	0.0032	pay 0.0004% / 1h	34m 36s	$618K	$2.0M	20x
Short	Nado MSFT-PERP	501.23	−0.0012	pay 0.0001% / 1h	34m 36s	$414K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter RH. 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 Lighter RHbpFee NadobpOrdersPrice spread, now −0.017%Rate

Funding earned: −$9.16
Price spread: −0.017% → +0.026%: −$4.26
Slippage, 4 orders: −$21.08
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$41.5
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Nado: live order book, 33 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 Lighter RH live order book, 3 min ago	1.50 bp	2.0 bp −$2	4.9 bp −$49	41.5 bp −$4,153	doesn't fit
Sell Nado live order book, 33 min ago	1.00 bp	11.7 bp −$12	23.6 bp −$236	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	−0.0029%	4h	501.29	−0.004%	$102K	$242K	10x	as long as short
BloFin MSFT-USDT	−0.0028%	8h	501.33	+0.004%	$189K	$204K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	500.87	−0.088%	$684K	$451K	10x	as long as short
Nado MSFT-PERPshort	−0.0012%	1h	501.23	−0.017%	$414K	$64K	20x
Aster MSFTUSDT	0.0000%	8h	501.51	+0.040%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.39	+0.016%	$342K	$894K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.52	+0.042%	$15.6M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.36	+0.010%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.58	+0.054%	$3.0M	$2.3M	20x	as long as short
Hotstuff MSFT-PERP	0.0000%	1h	501.11	−0.040%	$32K	$8K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MSFT_USDT	0.0000%	8h	501.31	0.000%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.49	+0.036%	$4.3M	$2.4M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.49	+0.035%	$1.3M	$680K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.39	+0.016%	$19K	$295K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.30	+0.197%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.11	−0.040%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.31	0.000%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.69	+0.076%	$2.2M	$764K	10x	as long as short
Lighter RH MSFTlong	+0.0032%	1h	501.31	long leg	$618K	$2.0M	20x
QFEX MSFT-USD	+0.0038%	1h	501.38	+0.014%	$1.1M	$5.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.24	−0.014%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.26	−0.010%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.10	−0.042%	$22.1M	$9.2M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.12	−0.038%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.37	+0.012%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.16	−0.030%	$520K	$518K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.36	+0.010%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.15	−0.032%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.13	−0.036%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.96	−0.070%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.36	+0.010%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.40	+0.018%	$55	—	10x	as long as short
Lighter MSFT	+0.0136%	1h	501.59	+0.056%	$1.1M	$489K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.62	+0.062%	$115K	$45K	30x	as long as short