Funding you earn now, next payment 04:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.068%
Price spread now: Injective against Nado+0.118%7-day average −0.018% · 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−$33as in the Price arb table
costs, in and out, $10k−$460.463% of the position
Funding, last 3 days (all we have)+0.257%+$26 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.118%, 7d avg −0.018%
=Together, before fees+0.304%+ Points / potential airdropNado: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.136% dearer against Nado than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSFT-PERP | 501.17 | −0.0012 | get 0.0002% / 1h | 12m 42s | $414K | $64K | 20x |
| Short | Injective MSFT/USDC PERP | 501.76 | 0.0220 | get 0.0028% / 1h | 12m 42s | $115K | $45K | 30x |
Nado MSFT-PERP
Injective MSFT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Nado. 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
- $48.77
- Price spread: +0.118% → −0.018%
- $13.57
- Slippage, 4 orders
- −$39.28
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $16.04
- Costs to cover
- 0.463%
- Break-even
- 4.7 days
Slippage from Nado: live order book, 45 min ago; Injective: 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 Nado live order book, 45 min ago | 1.00 bp | 12.5 bp −$13 | 26.0 bp −$260 | doesn't fit | doesn't fit |
| Sell Injective live order book, 46 min ago | 10.08 bp | 10.1 bp −$10 | 10.1 bp −$101 | 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 | +0.046% | $102K | $244K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0040% | 1h | 500.97 | −0.039% | $677K | $457K | 10x | as long as short |
| Nado MSFT-PERPlong | −0.0012% | 1h | 501.17 | long leg | $414K | $64K | 20x | |
| Aster MSFTUSDT | 0.0000% | 8h | 501.15 | −0.004% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.16 | −0.001% | $337K | $890K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.31 | +0.029% | $15.8M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 500.99 | −0.035% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.57 | +0.080% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.12 | −0.010% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.24 | +0.014% | $4.5M | $2.5M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
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 | 501.46 | +0.059% | $1.3M | $615K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.48 | +0.062% | $19K | $302K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.16 | +0.198% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.04 | −0.026% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.20 | +0.006% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.57 | +0.080% | $2.2M | $769K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0019% | 8h | 501.31 | +0.028% | $189K | $204K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.07 | −0.020% | $675K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 501.25 | +0.016% | $1.2M | $5.2M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.18 | +0.002% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.33 | +0.032% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.13 | −0.008% | $10K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.79 | −0.075% | $22.0M | $8.7M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.95 | −0.043% | $302K | $722K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.09 | −0.016% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.90 | −0.053% | $528K | $444K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 501.18 | +0.002% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.96 | −0.041% | $1.5M | $20K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.20 | +0.006% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.18 | +0.002% | $8K | — | 10x | as long as short |
| Lighter MSFT | +0.0104% | 1h | 501.30 | +0.026% | $1.1M | $499K | 20x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.24 | +0.015% | $55 | — | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0176% | 1h | 500.99 | −0.035% | $32K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERPshort | +0.0220% | 1h | 501.76 | +0.118% | $115K | $45K | 30x |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
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
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Lighter MSFT
Aevo MSFT-PERP
Hotstuff MSFT-PERP