Funding you earn now, next payment 21:00 UTC+0.0217%/8h= +23.8% APRnext payment +$0.27 per $10,000 · paid last 24h +0.060%
Price spread now: Injective against Nado+0.029%7-day average −0.033% · 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−$38as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 3 days (all we have)+0.237%+$24 on $10k
+Price spread, last 3 days (all we have)+0.408%+$41 · spread now +0.029%, 7d avg −0.033%
=Together, before fees+0.645%+ Points / potential airdropNado: Active · farm board+$64 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.062% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSFT-PERP | 501.84 | 0.0003 | pay 0.0000% / 1h | 31m 08s | $415K | $62K | 20x |
| Short | Injective MSFT/USDC PERP | 501.99 | 0.0220 | get 0.0028% / 1h | 31m 08s | $115K | $45K | 30x |
Nado MSFT-PERP
Injective MSFT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $45.6
- Price spread: +0.029% → −0.033%
- $6.23
- Slippage, 4 orders
- −$36.92
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $7.9
- Costs to cover
- 0.439%
- Break-even
- 5.8 days
Slippage from Nado: live order book, 17 min ago; Injective: live order book, 18 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, 17 min ago | 0.70 bp | 10.6 bp −$11 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell Injective live order book, 18 min ago | 9.87 bp | 9.9 bp −$10 | 9.9 bp −$99 | 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 | −0.0247% | 4h | 502.06 | +0.043% | $102K | $243K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 501.71 | −0.026% | $689K | $431K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.82 | −0.004% | $160K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.11 | +0.053% | $371K | $368K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.16 | +0.063% | $15.7M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.23 | +0.077% | $7.4M | $1.7M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.20 | +0.071% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.88 | +0.008% | $3.1M | $1.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 502.03 | +0.038% | $1.3M | $725K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.94 | +0.020% | $18K | $340K | 10x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Variational Omni MSFT
GRVT MSFT_USDT_PerpShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MSFT-USDT | 0.0000% | 8h | 502.89 | +0.209% | $6K | $4.4M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.80 | −0.008% | $27K | $115K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.96 | +0.023% | $58K | $231K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.37 | +0.105% | $2.2M | $742K | 10x | as long as short |
| Nado MSFT-PERPlong | +0.0003% | 1h | 501.84 | long leg | $415K | $62K | 20x | |
| Bitget MSFTUSDT | +0.0004% | 8h | 502.11 | +0.053% | $3.9M | $2.1M | 100x | as long as short |
| Hotstuff MSFT-PERP | +0.0016% | 1h | 501.82 | −0.004% | $32K | $8K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0022% | 8h | 502.16 | +0.063% | $189K | $208K | 20x | as long as short |
| QFEX MSFT-USD | +0.0031% | 1h | 502.14 | +0.059% | $1.1M | $5.6M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 502.03 | +0.037% | $659K | $2.2M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 502.03 | +0.037% | — | — | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.81 | −0.006% | $22.2M | $9.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.80 | −0.008% | $304K | $676K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.08 | +0.047% | $60K | $3K | 10x | as long as short |
| Paradex MSFT-USD-PERP | +0.0050% | 8h | 502.15 | +0.061% | $221 | — | 5x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.56 | −0.056% | $515K | $479K | 15x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 502.03 | +0.037% | $11K | $15K | 20x | as long as short |
| Lighter MSFT | +0.0072% | 1h | 502.20 | +0.071% | $1.1M | $660K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.63 | −0.042% | $1.5M | $18K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.51 | −0.066% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.13 | +0.057% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 502.14 | +0.059% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERPshort | +0.0220% | 1h | 501.99 | +0.029% | $115K | $45K | 30x | |
| Arcus MSFT-USD | +0.0301% | 1h | 502.13 | +0.057% | $109K | $78K | 10x | as long as short |
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Bitget MSFTUSDT
Hotstuff MSFT-PERP
BloFin MSFT-USDT
QFEX MSFT-USD
Lighter RH MSFT
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
Ondo Perps MSFT-USD.P
Phoenix MSFT
Lighter MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Arcus MSFT-USD