MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.019%

Price spread now: Ondo Perps against Nado−0.022%7-day average −0.057% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.022%, 7d avg −0.057%

Together, before fees+0.331%+ Points / potential airdropNado: Active · Ondo Perps: Active · farm board+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.036% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MSFT-PERP	503.43	−0.0017	get 0.0002% / 1h	34m 16s	$414K	$67K	20x
Short	Ondo Perps MSFT-USD.P	503.32	0.0050	get 0.0006% / 1h	34m 16s	$513K	$428K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.022%Rate

Funding earned: $14.17
Price spread: −0.022% → −0.057%: $3.57
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $5.73
Costs to cover: 0.120%
Break-even: 4.2 days

Slippage unknown: Nado: live order book, 4 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 4 min ago	0.69 bp	11.8 bp −$12	23.1 bp −$231	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado MSFT-PERPlong	−0.0017%	1h	503.43	long leg	$414K	$67K	20x
Aster MSFTUSDT	0.0000%	8h	503.76	+0.065%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.60	+0.035%	$338K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.75	+0.063%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.41	−0.004%	$7.3M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.88	+0.090%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.46	+0.006%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.68	+0.050%	$3.8M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.65	+0.043%	$1.3M	$407K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.78	+0.069%	$19K	$324K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	504.54	+0.221%	$6K	$3.8M	20x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	502.97	−0.091%	$682K	$447K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.65	+0.044%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.78	+0.070%	$2.2M	$818K	10x	as long as short
BloFin MSFT-USDT	+0.0022%	8h	503.75	+0.064%	$190K	$206K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.59	+0.032%	$1.2M	$532K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.57	+0.028%	$707K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0037%	1h	503.59	+0.032%	$1.2M	$4.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.47	+0.008%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.75	+0.064%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.23	−0.039%	$22.4M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.42	−0.002%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.53	+0.020%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.Pshort	+0.0050%	1h	503.32	−0.022%	$513K	$428K	15x
Paradex MSFT-USD-PERP	+0.0053%	8h	503.60	+0.035%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.47	+0.008%	$11K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0064%	1h	503.25	−0.035%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.08	−0.069%	$1.6M	$63K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.22	−0.041%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.67	+0.048%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.67	+0.048%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.90	+0.094%	$115K	$45K	30x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0286%	1h	503.61	+0.036%	$27K	$44K	10x	as long as short
edgeX MSFTUSDC	+0.0983%	4h	503.71	+0.056%	$102K	$243K	10x	as long as short