Funding you earn now, next payment 09:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h +0.008%
Price spread now: Bybit against Nado+0.010%49s7-day average +0.019% · 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—prices read too far apart to compare
costs, in and out, $10k−$470.473% of the position
Funding, last 4 days (all we have)+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)+0.149%+$15 · spread now +0.010%, 7d avg +0.019%
=Together, before fees+0.196%+ Points / potential airdropNado: Active · farm board+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSFT-PERP | 503.88 | −0.0069 | get 0.0009% / 1h | 40m 42s | $415K | $67K | 20x |
| Short | Bybit MSFTUSDT | 503.93 | 0 | get 0.0000% / 8h | 7h 40m | $7.2M | $2.3M | 100x |
Nado MSFT-PERP
Bybit MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $14.43
- Price spread: +0.010% → +0.019%
- −$0.87
- Slippage, 4 orders
- −$29.35
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$33.79
- Costs to cover
- 0.473%
- Break-even
- 23.4 days
Slippage from Nado: live order book, 57 min ago; Bybit: live order book, 2 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 | 0.69 bp | 11.8 bp −$12 | 23.1 bp −$231 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.99 bp | 10.9 bp −$11 | 17.8 bp −$178 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERPlong | −0.0069% | 1h | 503.88 | long leg | $415K | $67K | 20x | |
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 503.83 | −0.010% | $682K | $494K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0028% | 8h | 504.14 | +0.052% | $191K | $205K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.38 | +0.100% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.00 | +0.024% | $338K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.14 | +0.052% | $15.9M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDTshort | 0.0000% | 8h | 503.93 | +0.010% | $7.2M | $2.3M | 100x | |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.20 | +0.064% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.86 | −0.004% | $3.2M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 504.07 | +0.038% | $3.9M | $2.9M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 504.05 | +0.034% | $1.3M | $387K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.03 | +0.031% | $19K | $316K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.90 | +0.203% | $6K | $3.6M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.89 | +0.002% | $27K | $44K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.00 | +0.024% | $59K | $224K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.39 | +0.101% | $2.2M | $829K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.75 | −0.026% | $11K | $15K | 20x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 503.99 | +0.022% | $1.1M | $4.6M | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 504.03 | +0.030% | $1.2M | $510K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.97 | +0.018% | $697K | $1.9M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.86 | −0.004% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.12 | +0.048% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.73 | −0.029% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.68 | −0.039% | $303K | $654K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.88 | 0.000% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.50 | −0.075% | $514K | $410K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 503.94 | +0.011% | $222 | — | 5x | as long as short |
| edgeX MSFTUSDC | +0.0079% | 4h | 504.22 | +0.068% | $103K | $244K | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.71 | −0.033% | $1.6M | $103K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.66 | −0.043% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.07 | +0.038% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.00 | +0.023% | $55 | — | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0112% | 1h | 503.84 | −0.008% | $33K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.94 | +0.409% | $116K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
QFEX MSFT-USD
Lighter MSFT
Lighter RH MSFT
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
edgeX MSFTUSDC
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Hotstuff MSFT-PERP
Injective MSFT/USDC PERP