Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.015%
Price spread now: tradeXYZ against Nado−0.033%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Funding, last 3 days (all we have)+0.085%+$9 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.033%, 7d avg −0.069%
=Together, before fees+0.091%+ Points / potential airdropNado: Active · tradeXYZ: Active · farm board+$9 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 tradeXYZ 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 −0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSFT-PERP | 501.12 | −0.0017 | get 0.0002% / 1h | 32m 38s | $414K | $64K | 20x |
| Short | tradeXYZ xyz:MSFT | 500.95 | 0.0050 | get 0.0006% / 1h | 32m 38s | $22.1M | $8.7M | 20x |
Nado MSFT-PERP
tradeXYZ xyz:MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $14.16
- Price spread: −0.033% → −0.069%
- $3.55
- Slippage, 4 orders
- −$20.33
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$27.61
- Costs to cover
- 0.453%
- Break-even
- 20.6 days
Slippage from Nado: live order book, 25 min ago; tradeXYZ: live order book, 6 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, 25 min ago | 1.00 bp | 12.5 bp −$13 | 26.0 bp −$260 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.20 bp | 9.2 bp −$9 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0040% | 1h | 500.97 | −0.029% | $678K | $456K | 10x | as long as short |
| Nado MSFT-PERPlong | −0.0017% | 1h | 501.12 | long leg | $414K | $64K | 20x | |
| Aster MSFTUSDT | 0.0000% | 8h | 501.12 | +0.002% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.31 | +0.039% | $341K | $888K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.44 | +0.065% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.10 | −0.003% | $7.2M | $2.1M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.44 | +0.065% | $3.0M | $2.3M | 20x | as long as short |
| Hotstuff MSFT-PERP | 0.0000% | 1h | 500.96 | −0.031% | $32K | $8K | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.22 | +0.021% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.34 | +0.045% | $4.5M | $2.5M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Hotstuff MSFT-PERP
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 | 501.34 | +0.044% | $1.3M | $618K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.38 | +0.053% | $19K | $302K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.21 | +0.218% | $6K | $4.0M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.05 | −0.013% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.32 | +0.041% | $58K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.50 | +0.077% | $2.2M | $779K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0016% | 8h | 501.38 | +0.053% | $189K | $204K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.20 | +0.017% | $675K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 501.31 | +0.039% | $1.1M | $5.5M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.12 | +0.001% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.18 | +0.013% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 501.01 | −0.021% | $10K | $15K | 20x | as long as short |
| tradeXYZ xyz:MSFTshort | +0.0050% | 1h | 500.95 | −0.033% | $22.1M | $8.7M | 20x | |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.98 | −0.027% | $318K | $697K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.21 | +0.019% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.88 | −0.047% | $527K | $456K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0058% | 8h | 501.30 | +0.036% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 500.92 | −0.039% | $1.5M | $20K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.97 | −0.029% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.28 | +0.033% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.31 | +0.039% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0128% | 1h | 501.45 | +0.067% | $1.1M | $489K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.66 | +0.109% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0668% | 4h | 501.30 | +0.037% | $102K | $243K | 10x | as long as short |
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
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
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
edgeX MSFTUSDC