MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.019%

Price spread now: Nado against SoDEX+0.053%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Nado

What this pair did over the last

the charts below follow

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 · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.053% dearer against SoDEX than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSFT-USD	505.71	0.0050	pay 0.0006% / 1h	53m 15s	$61K	$3K	10x
Short	Nado MSFT-PERP	505.98	−0.0033	pay 0.0004% / 1h	53m 15s	$413K	$72K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 SoDEXbpFee NadobpOrdersPrice spread, now +0.053%Rate

Funding earned: −$17.46
Price spread: +0.053% → 0.000%: $5.33
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$27.14
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Nado: live order book, 53 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 SoDEX no order-book sample	—	—	—	—	—
Sell Nado live order book, 53 min ago	0.80 bp	12.0 bp −$12	30.5 bp −$305	doesn't fit	doesn't fit

SoDEX: 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
Nado MSFT-PERPshort	−0.0033%	1h	505.98	+0.053%	$413K	$72K	20x
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	505.80	+0.018%	$714K	$680K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	505.77	+0.011%	$166K	$117K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	506.12	+0.081%	$328K	$1.9M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	506.23	+0.103%	$16.4M	$21.9M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	505.95	+0.047%	$7.3M	$2.4M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	506.00	+0.057%	$3.2M	$2.0M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	506.28	+0.113%	$4.0M	$3.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	505.42	−0.057%	$1.3M	$413K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	506.04	+0.064%	$19K	$325K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	507.14	+0.283%	$6K	$3.4M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	506.11	+0.079%	$49K	$247K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	506.52	+0.160%	$2.3M	$947K	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0007%	1h	506.02	+0.061%	$30K	$46K	10x	as long as short
BloFin MSFT-USDT	+0.0022%	8h	506.23	+0.103%	$204K	$222K	20x	as long as short
Lighter MSFT	+0.0032%	1h	506.05	+0.067%	$1.2M	$503K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	506.11	+0.079%	$721K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	506.01	+0.059%	$1.2M	$4.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	505.89	+0.036%	$94K	$83K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	506.21	+0.099%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	504.64	−0.212%	$11K	$16K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	505.83	+0.024%	$22.5M	$9.3M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	505.96	+0.049%	$320K	$667K	10x	as long as short
SoDEX MSFT-USDlong	+0.0050%	1h	505.71	long leg	$61K	$3K	10x
Ondo Perps MSFT-USD.P	+0.0050%	1h	505.55	−0.032%	$530K	$424K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	506.03	+0.064%	$223	—	5x	as long as short
Hotstuff MSFT-PERP	+0.0064%	1h	505.61	−0.020%	$33K	$8K	20x	as long as short
OKX MSFT-USDT-SWAP	+0.0068%	8h	506.37	+0.131%	$3.2M	$2.8M	20x	as long as short
KuCoin MSFTUSDTM	+0.0085%	8h	505.57	−0.028%	$1.6M	$285K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	505.57	−0.028%	$161K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	505.96	+0.049%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	505.45	−0.052%	$56	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	506.25	+0.107%	$116K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0228%	4h	505.88	+0.034%	$103K	$243K	10x	as long as short