Funding you earn now, next payment 11:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.004%
Price spread now: OKX against Nado+0.092%7-day average +0.034% · 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−$33as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 4 days (all we have)+0.038%+$4 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.092%, 7d avg +0.034%
=Together, before fees+0.045%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and OKX is 0.058% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSFT-PERP | 503.10 | −0.0074 | get 0.0009% / 1h | 45m 25s | $411K | $72K | 20x |
| Short | OKX MSFT-USDT-SWAP | 503.56 | 0.0053 | get 0.0053% / 8h | 5h 45m | $3.2M | $2.7M | 20x |
Nado MSFT-PERP
OKX MSFT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $26.47
- Price spread: +0.092% → +0.034%
- $5.82
- Slippage, 4 orders
- −$22.32
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$7.02
- Costs to cover
- 0.393%
- Break-even
- 8.9 days
Slippage from Nado: live order book, 65 min ago; OKX: 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, 65 min ago | 0.89 bp | 11.3 bp −$11 | 22.7 bp −$227 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.99 bp | 8.5 bp −$8 | 14.1 bp −$141 | doesn't fit | doesn't fit |
MSFT on 34 exchanges
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 | −0.1600% | 1h | 502.70 | −0.079% | $32K | $8K | 20x | as long as short |
| edgeX MSFTUSDC | −0.0224% | 4h | 503.01 | −0.018% | $102K | $244K | 10x | as long as short |
| Nado MSFT-PERPlong | −0.0074% | 1h | 503.10 | long leg | $411K | $72K | 20x | |
| Deribit MSFT_USDC-PERPETUAL | −0.0048% | 1h | 502.80 | −0.059% | $30K | $47K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0027% | 8h | 503.10 | +0.001% | $202K | $215K | 20x | as long as short |
| Ondo Perps MSFT-USD.P | −0.0014% | 1h | 502.68 | −0.083% | $531K | $382K | 15x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.06 | +0.191% | $166K | $118K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.17 | +0.015% | $326K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.55 | +0.090% | $16.4M | $21.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.27 | +0.034% | $7.3M | $2.3M | 100x | as long as short |
Hotstuff MSFT-PERP
edgeX MSFTUSDC
Deribit MSFT_USDC-PERPETUAL
BloFin MSFT-USDT
Ondo Perps MSFT-USD.P
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 503.21 | +0.022% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.53 | +0.086% | $3.9M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.01 | −0.018% | $1.3M | $396K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.15 | +0.010% | $18K | $318K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 503.87 | +0.154% | $6K | $3.5M | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 502.80 | −0.059% | $702K | $522K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.00 | −0.019% | $48K | $246K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.40 | +0.060% | $2.3M | $910K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0009% | 1h | 503.08 | −0.003% | $22.4M | $9.2M | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.12 | +0.005% | $1.2M | $480K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 503.09 | −0.001% | $690K | $1.8M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.41 | +0.062% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.13 | +0.007% | $318K | $675K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.90 | −0.039% | $60K | $3K | 10x | as long as short |
| OKX MSFT-USDT-SWAPshort | +0.0053% | 8h | 503.56 | +0.092% | $3.2M | $2.7M | 20x | |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 503.13 | +0.007% | $221 | — | 5x | as long as short |
| QFEX MSFT-USD | +0.0058% | 1h | 503.12 | +0.005% | $1.2M | $4.7M | 10x | as long as short |
| Phoenix MSFT | +0.0079% | 1h | 503.21 | +0.022% | $11K | $5K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.77 | −0.065% | $1.6M | $227K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.11 | +0.003% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.43 | +0.066% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.40 | +0.059% | $55 | — | 10x | as long as short |
| Arcus MSFT-USD | +0.0190% | 1h | 503.12 | +0.005% | $93K | $83K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.61 | +0.102% | $115K | $45K | 30x | as long as short |
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
tradeXYZ xyz:MSFT
Lighter MSFT
Lighter RH MSFT
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Paradex MSFT-USD-PERP
QFEX MSFT-USD
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Arcus MSFT-USD
Injective MSFT/USDC PERP