Funding you earn now, next payment 10:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h −0.021%
Price spread now: Nado against Paradex+0.013%50s7-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 airdropParadex: Active · Nado: Active · farm boardneeds both histories
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSFT-USD-PERP | 503.99 | 0.0057 | pay 0.0057% / 8h | 6h 15m | $222 | — | 5x |
| Short | Nado MSFT-PERP | 504.05 | 0.0064 | get 0.0008% / 1h | 15m 44s | $412K | $70K | 20x |
Paradex MSFT-USD-PERP
Nado MSFT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Paradex. 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
- $1.57
- Price spread: +0.013% → 0.000%
- $1.26
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$8.17
- Costs to cover
- 0.110%
- Break-even
- 43.3 days
Slippage unknown: Paradex: no order-book sample; Nado: live order book, 35 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 35 min ago | 0.89 bp | 10.5 bp −$11 | 28.4 bp −$284 | doesn't fit | doesn't fit |
Paradex: 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 | 503.50 | −0.097% | $691K | $471K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.09 | +0.020% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.16 | +0.033% | $325K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.28 | +0.057% | $16.3M | $19.9M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.01 | +0.004% | $7.3M | $2.3M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.98 | −0.002% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.27 | +0.056% | $3.9M | $2.8M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.21 | +0.043% | $1.3M | $393K | — | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.06 | +0.212% | $6K | $3.5M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.06 | +0.014% | $52K | $240K | 20x | as long as short |
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
SunX MSFT-USDT
HTX MSFT-USDTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex MSFTUSDT | 0.0000% | 8h | 504.57 | +0.115% | $2.3M | $887K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0009% | 8h | 504.42 | +0.085% | $202K | $208K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0016% | 1h | 503.91 | −0.016% | $33K | $8K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.95 | −0.008% | $1.2M | $482K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.98 | −0.002% | $691K | $1.8M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.22 | +0.046% | — | $1K | 25x | as long as short |
| Phoenix MSFT | +0.0048% | 1h | 503.97 | −0.004% | $11K | $5K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.68 | −0.062% | $22.5M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.99 | 0.000% | $318K | $663K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.05 | +0.012% | $61K | $3K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0050% | 8h | 504.26 | +0.054% | $3.2M | $2.7M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.91 | −0.016% | $533K | $380K | 15x | as long as short |
| Arcus MSFT-USD | +0.0052% | 1h | 504.12 | +0.026% | $93K | $83K | 10x | as long as short |
| Paradex MSFT-USD-PERPlong | +0.0057% | 8h | 503.99 | long leg | $222 | — | 5x | |
| QFEX MSFT-USD | +0.0061% | 1h | 504.31 | +0.063% | $1.2M | $4.6M | 10x | as long as short |
| Nado MSFT-PERPshort | +0.0064% | 1h | 504.05 | +0.013% | $412K | $70K | 20x | |
| edgeX MSFTUSDC | +0.0086% | 4h | 504.29 | +0.059% | $103K | $244K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0087% | 1h | 504.00 | +0.002% | $27K | $45K | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.66 | −0.066% | $1.6M | $190K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.84 | −0.030% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.18 | +0.038% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.16 | +0.034% | $55 | — | 10x | as long as short |
| GRVT MSFT_USDT_Perp | +0.0107% | 8h | 504.36 | +0.073% | $18K | $315K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.24 | +0.050% | $115K | $45K | 30x | as long as short |
Phemex MSFTUSDT
BloFin MSFT-USDT
Hotstuff MSFT-PERP
Lighter MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
Phoenix MSFT
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
OKX MSFT-USDT-SWAP
Ondo Perps MSFT-USD.P
Arcus MSFT-USD
QFEX MSFT-USD
edgeX MSFTUSDC
Deribit MSFT_USDC-PERPETUAL
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
GRVT MSFT_USDT_Perp
Injective MSFT/USDC PERP