Funding you earn now, next payment 10:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h +0.019%
Price spread now: Vest against Nado+0.035%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropNado: Active · Vest: Active · farm boardneeds both histories
The price spread pays, funding is against you. Vest is 0.035% dearer against Nado than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSFT-PERP | 504.11 | 0.0061 | pay 0.0008% / 1h | 9m 08s | $412K | $70K | 20x |
| Short | Vest MSFT-USD-PERP | 504.29 | 0.0046 | get 0.0006% / 1h | 9m 08s | — | $1K | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$3.29
- Price spread: +0.035% → 0.000%
- $3.49
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$8.79
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 41 min ago; Vest: 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, 41 min ago | 0.89 bp | 11.3 bp −$11 | 22.7 bp −$227 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.0032% | 1h | 504.02 | −0.019% | $692K | $480K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0008% | 1h | 504.23 | +0.023% | $33K | $8K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.78 | +0.132% | $166K | $118K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.28 | +0.034% | $325K | $1.9M | 17x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.12 | +0.001% | $7.3M | $2.3M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.22 | +0.021% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.45 | +0.067% | $3.9M | $2.8M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.55 | +0.087% | $1.3M | $390K | — | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.23 | +0.221% | $6K | $3.5M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.27 | +0.031% | $49K | $246K | 20x | as long as short |
Show all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MSFTUSDT | 0.0000% | 8h | 504.93 | +0.162% | $2.3M | $893K | 10x | as long as short |
| Binance MSFTUSDT | +0.0004% | 8h | 504.43 | +0.063% | $16.3M | $19.9M | 20x | as long as short |
| BloFin MSFT-USDT | +0.0010% | 8h | 504.50 | +0.077% | $202K | $209K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 504.17 | +0.011% | $1.2M | $482K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.21 | +0.019% | $692K | $1.8M | 20x | as long as short |
| Vest MSFT-USD-PERPshort | +0.0046% | 1h | 504.29 | +0.035% | — | $1K | 25x | |
| Phoenix MSFT | +0.0048% | 1h | 503.98 | −0.027% | $11K | $5K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.91 | −0.040% | $22.5M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 504.05 | −0.013% | $318K | $677K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.28 | +0.033% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.82 | −0.058% | $532K | $379K | 15x | as long as short |
| Arcus MSFT-USD | +0.0052% | 1h | 504.14 | +0.005% | $93K | $83K | 10x | as long as short |
| edgeX MSFTUSDC | +0.0054% | 4h | 504.40 | +0.058% | $103K | $243K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0057% | 8h | 504.61 | +0.098% | $3.2M | $2.7M | 20x | as long as short |
| Paradex MSFT-USD-PERP | +0.0058% | 8h | 504.15 | +0.008% | $222 | — | 5x | as long as short |
| QFEX MSFT-USD | +0.0061% | 1h | 504.35 | +0.047% | $1.1M | $4.7M | 10x | as long as short |
| Nado MSFT-PERPlong | +0.0061% | 1h | 504.11 | long leg | $412K | $70K | 20x | |
| Deribit MSFT_USDC-PERPETUAL | +0.0087% | 1h | 504.12 | +0.001% | $27K | $45K | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.81 | −0.060% | $1.6M | $200K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 504.06 | −0.011% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.33 | +0.043% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.30 | +0.037% | $55 | — | 10x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0143% | 8h | 504.59 | +0.094% | $19K | $315K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.37 | +0.051% | $115K | $45K | 30x | as long as short |
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Bybit MSFTUSDT
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Binance MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
Lighter RH MSFT
Phoenix MSFT
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
edgeX MSFTUSDC
OKX MSFT-USDT-SWAP
Paradex MSFT-USD-PERP
Deribit MSFT_USDC-PERPETUAL
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
GRVT MSFT_USDT_Perp
Injective MSFT/USDC PERP