Funding you earn now, next payment 07:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.11 per $10,000 · paid last 24h +0.034%
Price spread now: ApeX Omni against Nado−0.017%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$480.484% of the position
Funding, last 3 days (all we have)+0.141%+$14 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.017%, 7d avg −0.042%
=Together, before fees+0.163%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.025% dearer against Nado than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSFT-PERP | 504.09 | 0.0008 | pay 0.0001% / 1h | 51m 08s | $415K | $67K | 20x |
| Short | ApeX Omni MSFTUSDT | 504.00 | 0.0100 | get 0.0013% / 1h | 51m 08s | $160K | $7K | 50x |
Nado MSFT-PERP
ApeX Omni MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- $19.3
- Price spread: −0.017% → −0.042%
- $2.48
- Slippage, 4 orders
- −$31.37
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$26.59
- Costs to cover
- 0.484%
- Break-even
- 16.6 days
Slippage from Nado: live order book, 57 min ago; ApeX Omni: live order book, 55 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 Nado live order book, 57 min ago | 0.80 bp | 13.7 bp −$14 | 25.9 bp −$259 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 55 min ago | 5.08 bp | 10.1 bp −$10 | 58.6 bp −$586 | 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 | −0.0112% | 4h | 504.28 | +0.039% | $103K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0048% | 1h | 503.66 | −0.085% | $682K | $500K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0009% | 8h | 504.31 | +0.044% | $190K | $207K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.89 | −0.039% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.02 | −0.013% | $341K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.15 | +0.012% | $15.8M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.95 | −0.027% | $7.3M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.25 | +0.033% | $3.0M | $2.4M | 20x | as long as short |
| Hotstuff MSFT-PERP | 0.0000% | 1h | 503.86 | −0.045% | $33K | $8K | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 504.04 | −0.009% | $3.1M | $1.8M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Hotstuff MSFT-PERP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 504.22 | +0.027% | $3.8M | $3.0M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.28 | +0.038% | $1.3M | $499K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.35 | +0.052% | $19K | $327K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.04 | +0.189% | $6K | $3.9M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.19 | +0.021% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.48 | +0.078% | $2.2M | $818K | 10x | as long as short |
| Nado MSFT-PERPlong | +0.0008% | 1h | 504.09 | long leg | $415K | $67K | 20x | |
| Lighter RH MSFT | +0.0032% | 1h | 504.02 | −0.013% | $689K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0039% | 1h | 504.24 | +0.031% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.99 | −0.019% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.17 | +0.017% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.77 | −0.063% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.88 | −0.041% | $303K | $718K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.05 | −0.007% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.87 | −0.043% | $522K | $476K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0059% | 8h | 504.20 | +0.022% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.94 | −0.029% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.62 | −0.092% | $1.6M | $58K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.0100% | 1h | 504.00 | −0.017% | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.09 | +0.001% | $8K | — | 10x | as long as short |
| Lighter MSFT | +0.0104% | 1h | 504.21 | +0.025% | $1.2M | $514K | 20x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.16 | +0.014% | $55 | — | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0147% | 1h | 504.02 | −0.013% | $27K | $43K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.13 | +0.009% | $115K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Lighter MSFT
Aevo MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
Injective MSFT/USDC PERP