MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h −0.009%

Price spread now: Lighter against ApeX Omni+0.034%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.034%, 7d avg +0.060%

Together, before fees−0.061%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.026% cheaper against ApeX Omni than usual: you would sell low and buy high (spread +0.034% now, against its 7-day average of +0.060%). If the spread goes back, that is −$3 on $10k: about 3.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.102%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSFTUSDT	501.63	0.0100	pay 0.0013% / 1h	3m 26s	$160K	$7K	50x
Short	Lighter MSFT	501.80	0.0128	get 0.0016% / 1h	3m 26s	$1.1M	$489K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. 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 ApeX OmnibpFee LighterbpOrdersPrice spread, now +0.034%Rate

Funding earned: $5.88
Price spread: +0.034% → +0.060%: −$2.63
Slippage, 4 orders: −$13.57
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$20.32
Costs to cover: 0.236%
Break-even: 31.2 days

Slippage from ApeX Omni: live order book, 62 min ago; Lighter: live order book, 2 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 ApeX Omni live order book, 62 min ago	5.09 bp	10.1 bp −$10	61.3 bp −$613	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	0.80 bp	1.2 bp −$1	6.5 bp −$65	doesn't fit	doesn't fit

MSFT on 33 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
Deribit MSFT_USDC-PERPETUAL	−0.0129%	1h	501.37	−0.052%	$27K	$41K	10x	as long as short
Nado MSFT-PERP	−0.0034%	1h	501.63	0.000%	$414K	$64K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.24	−0.078%	$679K	$457K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.79	+0.031%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.56	−0.013%	$337K	$899K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.71	+0.016%	$15.6M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.76	+0.026%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.90	+0.054%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.54	−0.018%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.68	+0.010%	$4.5M	$2.5M	100x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.70	+0.013%	$1.3M	$652K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.63	0.000%	$19K	$295K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.48	+0.169%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.63	0.000%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.87	+0.048%	$2.2M	$765K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.55	−0.016%	$642K	$2.1M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.54	−0.018%	$1.1M	$5.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.50	−0.026%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.74	+0.022%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.33	−0.060%	$22.1M	$9.3M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.24	−0.078%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.60	−0.006%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.32	−0.062%	$522K	$483K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	501.67	+0.007%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.56	−0.014%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.39	−0.048%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDTlong	+0.0100%	1h	501.63	long leg	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.60	−0.006%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.57	−0.013%	$55	—	10x	as long as short
Lighter MSFTshort	+0.0128%	1h	501.80	+0.034%	$1.1M	$489K	20x
Hotstuff MSFT-PERP	+0.0168%	1h	501.35	−0.056%	$32K	$8K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.78	+0.030%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0549%	4h	501.71	+0.015%	$102K	$243K	10x	as long as short