Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.030%
Price spread now: Aevo against Nado+0.007%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), 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 | Nado MSFT-PERP | 501.13 | 0.0007 | pay 0.0001% / 1h | 1m 07s | $414K | $64K | 20x |
| Short | Aevo MSFT-PERP | 501.17 | 0.0104 | get 0.0013% / 1h | 1m 07s | $55 | — | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo 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
- $20.32
- Price spread: +0.007% → 0.000%
- $0.71
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$1.97
- Costs to cover
- 0.230%
- Break-even
- 7.7 days
Slippage unknown: Nado: live order book, 7 min ago; Aevo: 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, 7 min ago | 1.00 bp | 12.4 bp −$12 | 24.8 bp −$248 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 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 | −0.0008% | 1h | 500.76 | −0.074% | $684K | $449K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.45 | +0.065% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.19 | +0.012% | $342K | $905K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.32 | +0.038% | $15.6M | $18.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.20 | +0.014% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.22 | +0.018% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.22 | +0.018% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.37 | +0.048% | $3.8M | $2.1M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.26 | +0.025% | $1.3M | $690K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.46 | +0.066% | $19K | $293K | 10x | as long as short |
Show all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MSFT-USDT | 0.0000% | 8h | 502.10 | +0.194% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.00 | −0.026% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.24 | +0.022% | $58K | $227K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.40 | +0.054% | $2.2M | $758K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0002% | 8h | 501.37 | +0.048% | $188K | $205K | 20x | as long as short |
| Nado MSFT-PERPlong | +0.0007% | 1h | 501.13 | long leg | $414K | $64K | 20x | |
| Lighter RH MSFT | +0.0032% | 1h | 501.16 | +0.006% | $617K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0044% | 1h | 501.31 | +0.036% | $1.1M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.26 | +0.026% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 500.88 | −0.050% | $22.1M | $9.2M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.92 | −0.042% | $303K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.21 | +0.016% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.98 | −0.030% | $514K | $504K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.15 | +0.004% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.05 | −0.016% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.25 | +0.024% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 500.82 | −0.062% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.24 | +0.022% | $8K | — | 10x | as long as short |
| Lighter MSFT | +0.0104% | 1h | 501.35 | +0.044% | $1.1M | $486K | 20x | as long as short |
| Aevo MSFT-PERPshort | +0.0104% | 1h | 501.17 | +0.007% | $55 | — | 10x | |
| edgeX MSFTUSDC | +0.0163% | 4h | 501.29 | +0.031% | $102K | $243K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0168% | 1h | 500.85 | −0.056% | $32K | $8K | 20x | as long as short |
| Arcus MSFT-USD | +0.0212% | 1h | 501.16 | +0.006% | $97K | $109K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.76 | +0.126% | $115K | $45K | 30x | as long as short |
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
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
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Lighter MSFT
edgeX MSFTUSDC
Injective MSFT/USDC PERP