MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h −0.007%

Price spread now: Lighter against Aevo+0.029%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.029% dearer against Aevo than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSFT-PERP	501.23	0.0104	pay 0.0013% / 1h	54m 09s	$55	—	10x
Short	Lighter MSFT	501.38	0.0032	get 0.0004% / 1h	54m 09s	$1.1M	$498K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$15.12
Price spread: +0.029% → 0.000%: $2.9
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$28.22
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 2 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Lighter live order book, 2 min ago	0.30 bp	0.7 bp −$1	4.4 bp −$44	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-PERP	−0.0129%	1h	501.24	+0.001%	$414K	$64K	20x	as long as short
tradeXYZ xyz:MSFT	−0.0044%	1h	500.93	−0.061%	$22.1M	$8.7M	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	500.97	−0.053%	$677K	$450K	10x	as long as short
BloFin MSFT-USDT	−0.0004%	8h	501.34	+0.021%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.20	−0.008%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.23	−0.001%	$337K	$883K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.38	+0.029%	$15.8M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.09	−0.029%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.32	+0.017%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.22	−0.003%	$3.1M	$1.7M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.26	+0.005%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.25	+0.002%	$1.3M	$607K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.30	+0.012%	$19K	$300K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.14	+0.181%	$6K	$4.0M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.03	−0.041%	$27K	$42K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.26	+0.005%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.46	+0.045%	$2.2M	$770K	10x	as long as short
Hotstuff MSFT-PERP	+0.0024%	1h	500.93	−0.061%	$32K	$8K	20x	as long as short
Lighter MSFTshort	+0.0032%	1h	501.38	+0.029%	$1.1M	$498K	20x
Lighter RH MSFT	+0.0032%	1h	501.14	−0.019%	$678K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	501.24	+0.001%	$1.1M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.04	−0.039%	$96K	$111K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.34	+0.021%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	500.98	−0.051%	$10K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.98	−0.051%	$302K	$697K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.24	+0.001%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.94	−0.059%	$518K	$452K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	501.28	+0.009%	$221	—	5x	as long as short
edgeX MSFTUSDC	+0.0062%	4h	501.28	+0.008%	$102K	$242K	10x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.78	−0.091%	$1.6M	$48K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.00	−0.047%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.19	−0.009%	$8K	—	10x	as long as short
Aevo MSFT-PERPlong	+0.0104%	1h	501.23	long leg	$55	—	10x
Injective MSFT/USDC PERP	+0.0220%	1h	502.70	+0.292%	$115K	$45K	30x	as long as short