MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.04 per $10,000 · paid last 24h −0.006%

Price spread now: Coinbase International against Nado+0.037%7-day average −0.085% · 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−$22as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.037%, 7d avg −0.085%

Together, before fees+0.095%+ Points / potential airdropNado: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.121% dearer against Nado than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.085%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 3 days funding on this pair paid +0.056%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MSFT-PERP	500.79	−0.0033	get 0.0004% / 1h	3m 02s	$413K	$64K	20x
Short	Coinbase International MSFT-PERP-INTX	500.97	−0.0064	pay 0.0008% / 1h	3m 02s	$678K	$458K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Nado. 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 NadobpFee Coinbase InternationalbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$6.43
Price spread: +0.037% → −0.085%: $12.13
Slippage, 4 orders: −$17.44
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.74
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from Nado: live order book, 60 min ago; Coinbase International: live order book, 60 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 Nado live order book, 60 min ago	0.70 bp	13.7 bp −$14	29.9 bp −$299	doesn't fit	doesn't fit
Sell Coinbase International live order book, 60 min ago	2.29 bp	7.3 bp −$7	9.9 bp −$99	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-INTXshort	−0.0064%	1h	500.97	+0.037%	$678K	$458K	10x
Nado MSFT-PERPlong	−0.0033%	1h	500.79	long leg	$413K	$64K	20x
Aster MSFTUSDT	0.0000%	8h	501.23	+0.089%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.03	+0.048%	$337K	$888K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.12	+0.067%	$15.7M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	500.84	+0.011%	$7.2M	$2.1M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.29	+0.101%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	500.98	+0.039%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.08	+0.059%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	500.98	+0.038%	$1.3M	$647K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.10	+0.062%	$19K	$299K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	501.92	+0.226%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	500.81	+0.005%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	500.90	+0.023%	$58K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.33	+0.109%	$2.2M	$773K	10x	as long as short
BloFin MSFT-USDT	+0.0004%	8h	501.16	+0.075%	$189K	$203K	20x	as long as short
QFEX MSFT-USD	+0.0030%	1h	501.07	+0.057%	$1.1M	$5.6M	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	500.91	+0.025%	$682K	$2.0M	20x	as long as short
Arcus MSFT-USD	+0.0040%	1h	500.84	+0.011%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	500.98	+0.039%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.73	−0.011%	$22.1M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.74	−0.009%	$301K	$648K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	500.95	+0.033%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.63	−0.031%	$515K	$494K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	500.97	+0.036%	$220	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	500.91	+0.025%	$10K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0080%	1h	500.70	−0.017%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.96	+0.035%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.58	−0.041%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.01	+0.045%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	500.97	+0.036%	$55	—	10x	as long as short
Lighter MSFT	+0.0168%	1h	501.23	+0.089%	$1.1M	$479K	20x	as long as short
edgeX MSFTUSDC	+0.0179%	4h	501.04	+0.050%	$102K	$243K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.49	+0.140%	$115K	$45K	30x	as long as short