MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0109%/8h= +11.9% APRnext payment +$0.14 per $10,000 · paid last 24h +0.027%

Price spread now: Lighter against Nado+0.034%47s7-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−$320.323% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.034%, 7d avg +0.019%

Together, before fees+0.135%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board+$14 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: +$3 a day on $10k at the current rate. The two prices were read 47 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	504.09	−0.0021	get 0.0003% / 1h	10m 49s	$415K	$68K	20x
Short	Lighter MSFT	504.26	0.0088	get 0.0011% / 1h	10m 49s	$1.2M	$516K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now +0.034%Rate

Funding earned: $22.91
Price spread: +0.034% → +0.019%: $1.51
Slippage, 4 orders: −$25.25
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$7.84
Costs to cover: 0.323%
Break-even: 9.4 days

Slippage from Nado: live order book, 37 min ago; Lighter: live order book, 5 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, 37 min ago	0.80 bp	13.7 bp −$14	25.9 bp −$259	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.89 bp	2.0 bp −$2	4.4 bp −$44	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
Hotstuff MSFT-PERP	−0.0096%	1h	503.91	−0.035%	$33K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0064%	1h	503.76	−0.065%	$684K	$493K	10x	as long as short
Nado MSFT-PERPlong	−0.0021%	1h	504.09	long leg	$415K	$68K	20x
Aster MSFTUSDT	0.0000%	8h	504.07	−0.002%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.05	−0.008%	$338K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.19	+0.021%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.07	−0.003%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.54	+0.090%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.13	+0.009%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.23	+0.029%	$3.8M	$3.0M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	504.20	+0.022%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	504.36	+0.054%	$18K	$323K	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	504.10	+0.003%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.74	+0.130%	$2.2M	$814K	10x	as long as short
Phoenix MSFT	+0.0016%	1h	504.07	−0.003%	$11K	$15K	20x	as long as short
BloFin MSFT-USDT	+0.0018%	8h	504.27	+0.036%	$189K	$207K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	504.00	−0.017%	$683K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0036%	1h	504.30	+0.042%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	504.11	+0.005%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	504.31	+0.044%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.85	−0.047%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	504.04	−0.009%	$304K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	504.14	+0.011%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.97	−0.023%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	504.33	+0.048%	$222	—	5x	as long as short
Lighter MSFTshort	+0.0088%	1h	504.26	+0.034%	$1.2M	$516K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	503.72	−0.073%	$1.6M	$57K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.73	−0.071%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.15	+0.013%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.22	+0.027%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.42	+0.066%	$115K	$45K	30x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0226%	1h	504.16	+0.015%	$27K	$43K	10x	as long as short
edgeX MSFTUSDC	+0.0400%	4h	504.30	+0.043%	$103K	$242K	10x	as long as short