MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.005%

Price spread now: Extended against Nado+0.019%7-day average +0.015% · 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−$34as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Nado Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.019%, 7d avg +0.015%

Together, before fees+0.092%+ Points / potential airdropNado: Active · Extended: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MSFT-PERP	505.95	−0.0050	get 0.0006% / 1h	44m 36s	$413K	$72K	20x
Short	Extended MSFT_24_5-USD	506.04	0	get 0.0000% / 1h	44m 36s	$327K	$2.1M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.019%Rate

Funding earned: $10.56
Price spread: +0.019% → +0.015%: $0.4
Slippage, 4 orders: −$21.94
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$22.98
Costs to cover: 0.339%
Break-even: 22.2 days

Slippage from Nado: live order book, 61 min ago; Extended: live order book, 2 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, 61 min ago	0.80 bp	11.1 bp −$11	30.8 bp −$308	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.10 bp	5.4 bp −$5	18.4 bp −$184	doesn't fit	doesn't fit

MSFT on 34 exchanges

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
Nado MSFT-PERPlong	−0.0050%	1h	505.95	long leg	$413K	$72K	20x
Hotstuff MSFT-PERP	−0.0024%	1h	505.78	−0.033%	$33K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	505.85	−0.019%	$711K	$698K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	505.83	−0.024%	$166K	$117K	20x	as long as short
Extended MSFT_24_5-USDshort	0.0000%	1h	506.04	+0.019%	$327K	$2.1M	17x
Binance MSFTUSDT	0.0000%	8h	506.19	+0.048%	$16.4M	$22.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	505.87	−0.015%	$7.3M	$2.4M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	505.98	+0.006%	$3.2M	$2.0M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	506.12	+0.034%	$4.0M	$3.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	505.98	+0.006%	$1.3M	$418K	—	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	506.35	+0.079%	$19K	$329K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	506.96	+0.200%	$6K	$3.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	505.96	+0.003%	$30K	$45K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	506.07	+0.024%	$49K	$247K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	506.45	+0.099%	$2.3M	$953K	10x	as long as short
BloFin MSFT-USDT	+0.0017%	8h	506.20	+0.050%	$203K	$224K	20x	as long as short
Lighter MSFT	+0.0032%	1h	506.02	+0.014%	$1.2M	$506K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	506.01	+0.012%	$719K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	506.05	+0.020%	$1.2M	$4.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	505.84	−0.021%	$94K	$83K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	506.32	+0.074%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	506.10	+0.030%	$11K	$16K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0049%	1h	505.79	−0.031%	$22.4M	$9.5M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	505.79	−0.031%	$319K	$674K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	506.03	+0.016%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	505.92	−0.005%	$521K	$429K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0056%	8h	506.04	+0.017%	$223	—	5x	as long as short
OKX MSFT-USDT-SWAP	+0.0063%	8h	506.29	+0.068%	$3.2M	$2.9M	20x	as long as short
KuCoin MSFTUSDTM	+0.0077%	8h	505.50	−0.088%	$1.6M	$294K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	505.91	−0.007%	$161K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	506.01	+0.012%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.97	−0.194%	$56	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	506.25	+0.060%	$116K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0317%	4h	506.28	+0.067%	$103K	$244K	10x	as long as short