Funding you earn now, next payment 10:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.005%
Price spread now: SunX against Nado+0.264%7-day average +0.196% · 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−$223as in the Price arb table
costs, in and out, $10k−$2302.302% of the position
Funding, last 4 days (all we have)+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.264%, 7d avg +0.196%
=Together, before fees+0.087%+ Points / potential airdropNado: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and SunX is 0.068% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.196%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSFT-PERP | 504.52 | −0.0009 | get 0.0001% / 1h | 56m 15s | $415K | $67K | 20x |
| Short | SunX MSFT-USDT | 505.85 | 0 | get 0.0000% / 8h | 6h 56m | $6K | $3.5M | 20x |
Nado MSFT-PERP
SunX MSFT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $1.99
- Price spread: +0.264% → +0.196%
- $6.81
- Slippage, 4 orders
- −$215.23
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$221.43
- Costs to cover
- 2.302%
- Break-even
- 787.0 days
Slippage from Nado: live order book, 37 min ago; SunX: live order book, 12 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, 37 min ago | 0.60 bp | 10.8 bp −$11 | 25.5 bp −$255 | doesn't fit | doesn't fit |
| Sell SunX live order book, 12 min ago | 29.18 bp | 103.1 bp −$103 | doesn't fit | 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 | −0.0192% | 4h | 504.79 | +0.053% | $103K | $242K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 504.59 | +0.014% | $692K | $455K | 10x | as long as short |
| Nado MSFT-PERPlong | −0.0009% | 1h | 504.52 | long leg | $415K | $67K | 20x | |
| Aster MSFTUSDT | 0.0000% | 8h | 504.81 | +0.057% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.94 | +0.083% | $326K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 505.08 | +0.112% | $16.3M | $19.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.71 | +0.038% | $7.3M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 505.18 | +0.131% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.77 | +0.050% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.92 | +0.079% | $3.9M | $2.8M | 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 | 504.71 | +0.038% | $1.3M | $394K | — | as long as short |
| SunX MSFT-USDTshort | 0.0000% | 8h | 505.85 | +0.264% | $6K | $3.5M | 20x | |
| HTX MSFT-USDT | 0.0000% | 8h | 504.99 | +0.093% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 505.37 | +0.168% | $2.3M | $868K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 504.40 | −0.024% | $11K | $5K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0024% | 8h | 504.98 | +0.091% | $191K | $207K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.83 | +0.061% | $710K | $1.7M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.96 | +0.087% | — | $1K | 25x | as long as short |
| Hotstuff MSFT-PERP | +0.0048% | 1h | 504.38 | −0.028% | $33K | $8K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 504.54 | +0.004% | $22.5M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.63 | +0.022% | $304K | $650K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.87 | +0.069% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 504.43 | −0.018% | $537K | $374K | 15x | as long as short |
| Arcus MSFT-USD | +0.0052% | 1h | 504.75 | +0.046% | $93K | $115K | 10x | as long as short |
| QFEX MSFT-USD | +0.0061% | 1h | 504.91 | +0.077% | $1.2M | $4.6M | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0062% | 8h | 504.79 | +0.053% | $222 | — | 5x | as long as short |
| Lighter MSFT | +0.0072% | 1h | 504.84 | +0.063% | $1.2M | $472K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0087% | 1h | 504.74 | +0.044% | $27K | $45K | 10x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0097% | 8h | 504.76 | +0.048% | $19K | $312K | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 504.35 | −0.034% | $1.6M | $145K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 504.29 | −0.046% | $161K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.81 | +0.057% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.72 | +0.040% | $56 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.86 | +0.266% | $116K | $45K | 30x | as long as short |
Variational Omni MSFT
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
BloFin MSFT-USDT
Lighter RH MSFT
Vest MSFT-USD-PERP
Hotstuff MSFT-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Arcus MSFT-USD
QFEX MSFT-USD
Paradex MSFT-USD-PERP
Lighter MSFT
Deribit MSFT_USDC-PERPETUAL
GRVT MSFT_USDT_Perp
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP