Funding you earn now, next payment 07:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h +0.004%
Price spread now: SunX against Nado+0.211%7-day average +0.195% · 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−$241as in the Price arb table
costs, in and out, $10k−$2422.424% of the position
Funding, last 3 days (all we have)+0.038%+$4 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.211%, 7d avg +0.195%
=Together, before fees+0.060%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.195%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSFT-PERP | 503.50 | 0.0017 | pay 0.0002% / 1h | 25m 43s | $414K | $67K | 20x |
| Short | SunX MSFT-USDT | 504.56 | 0 | get 0.0000% / 8h | 1h 25m | $6K | $3.9M | 20x |
Nado MSFT-PERP
SunX MSFT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$3.49
- Price spread: +0.211% → +0.195%
- $1.66
- Slippage, 4 orders
- −$227.37
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$244.2
- Costs to cover
- 2.424%
- Break-even
- never at this rate
Slippage from Nado: live order book, 17 min ago; SunX: live order book, 3 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 | 1.19 bp | 12.3 bp −$12 | 26.5 bp −$265 | doesn't fit | doesn't fit |
| Sell SunX live order book, 3 min ago | 29.23 bp | 104.9 bp −$105 | doesn't fit | 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 | −0.0742% | 4h | 503.96 | +0.091% | $103K | $242K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0048% | 1h | 503.66 | +0.033% | $682K | $500K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.39 | −0.021% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.55 | +0.011% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.62 | +0.026% | $15.8M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.37 | −0.025% | $7.3M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.80 | +0.060% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.54 | +0.009% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.68 | +0.037% | $3.8M | $3.0M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.61 | +0.023% | $1.3M | $499K | — | 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
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.99 | +0.098% | $18K | $327K | 10x | as long as short |
| SunX MSFT-USDTshort | 0.0000% | 8h | 504.56 | +0.211% | $6K | $3.9M | 20x | |
| HTX MSFT-USDT | 0.0000% | 8h | 503.47 | −0.005% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.79 | +0.058% | $2.2M | $821K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0008% | 1h | 503.40 | −0.019% | $27K | $43K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0013% | 8h | 503.89 | +0.078% | $191K | $207K | 20x | as long as short |
| Nado MSFT-PERPlong | +0.0017% | 1h | 503.50 | long leg | $414K | $67K | 20x | |
| Lighter RH MSFT | +0.0032% | 1h | 503.38 | −0.023% | $701K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0039% | 1h | 503.71 | +0.043% | $1.2M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.60 | +0.021% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.66 | +0.033% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.17 | −0.065% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.35 | −0.029% | $303K | $718K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.52 | +0.005% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.25 | −0.049% | $522K | $476K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0056% | 8h | 503.46 | −0.007% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.69 | +0.039% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.11 | −0.077% | $1.6M | $60K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.39 | −0.021% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.59 | +0.019% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.63 | +0.026% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0136% | 1h | 503.64 | +0.029% | $1.2M | $514K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0144% | 1h | 503.41 | −0.017% | $32K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.21 | +0.142% | $115K | $45K | 30x | as long as short |
GRVT MSFT_USDT_Perp
HTX MSFT-USDT
Phemex MSFTUSDT
Deribit MSFT_USDC-PERPETUAL
BloFin MSFT-USDT
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
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Hotstuff MSFT-PERP
Injective MSFT/USDC PERP