MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0104%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h −0.008%

Price spread now: Nado against Extended+0.002%7-day average −0.013% · 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−$36as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Extended Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.002%, 7d avg −0.013%

Together, before fees−0.110%+ Points / potential airdropExtended: Active · Nado: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	503.00	0	get 0.0000% / 1h	18m 27s	$339K	$884K	17x
Short	Nado MSFT-PERP	503.01	−0.0104	pay 0.0013% / 1h	18m 27s	$415K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Extended. 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 ExtendedbpFee NadobpOrdersPrice spread, now +0.002%Rate

Funding earned: −$21.76
Price spread: +0.002% → −0.013%: $1.48
Slippage, 4 orders: −$25.19
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$57.46
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from Extended: live order book, 35 min ago; Nado: live order book, 34 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 Extended live order book, 35 min ago	0.80 bp	6.2 bp −$6	39.1 bp −$391	doesn't fit	doesn't fit
Sell Nado live order book, 34 min ago	0.70 bp	13.0 bp −$13	24.1 bp −$241	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	−0.0148%	4h	503.01	+0.001%	$102K	$243K	10x	as long as short
Nado MSFT-PERPshort	−0.0104%	1h	503.01	+0.002%	$415K	$64K	20x
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	502.46	−0.107%	$680K	$448K	10x	as long as short
tradeXYZ xyz:MSFT	−0.0009%	1h	502.70	−0.060%	$22.2M	$8.8M	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.08	+0.015%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	503.00	long leg	$339K	$884K	17x
Binance MSFTUSDT	0.0000%	8h	503.15	+0.030%	$15.8M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.96	−0.008%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.12	+0.024%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.87	−0.026%	$3.1M	$1.8M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	503.08	+0.016%	$4.4M	$2.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.01	+0.001%	$1.3M	$606K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.14	+0.028%	$19K	$301K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.81	+0.161%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	502.80	−0.040%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.94	−0.012%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.32	+0.064%	$2.2M	$786K	10x	as long as short
BloFin MSFT-USDT	+0.0003%	8h	503.05	+0.010%	$189K	$205K	20x	as long as short
Lighter MSFT	+0.0032%	1h	503.22	+0.044%	$1.1M	$504K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.94	−0.012%	$679K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	502.99	−0.002%	$1.2M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	502.74	−0.052%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.18	+0.036%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	502.82	−0.036%	$11K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	502.76	−0.048%	$304K	$705K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.86	−0.028%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	503.02	+0.004%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	502.58	−0.084%	$512K	$462K	15x	as long as short
Hotstuff MSFT-PERP	+0.0064%	1h	502.69	−0.062%	$32K	$8K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.66	−0.068%	$1.6M	$55K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	502.92	−0.016%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.99	−0.002%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.98	−0.004%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.14	−0.171%	$115K	$45K	30x	as long as short