MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.019%

Price spread now: Lighter RH against ApeX Omni+0.094%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$580.581% of the position

Long on ApeX Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 3 days (all we have)−0.107%−$11 · spread now +0.094%, 7d avg +0.014%

Together, before fees−0.248%+ Points / potential airdropLighter RH: Points live · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.079% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.014%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSFTUSDT	501.20	0.0100	pay 0.0013% / 1h	1m 13s	$160K	$7K	50x
Short	Lighter RH MSFT	501.67	0.0032	get 0.0004% / 1h	1m 13s	$652K	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$14.28
Price spread: +0.094% → +0.014%: $7.94
Slippage, 4 orders: −$48.11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$64.45
Costs to cover: 0.581%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 20 min ago; Lighter RH: 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, 20 min ago	18.97 bp	24.0 bp −$24	104.4 bp −$1,044	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	0.50 bp	1.7 bp −$2	5.5 bp −$55	40.9 bp −$4,090	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	−0.0515%	4h	501.89	+0.138%	$102K	$244K	10x	as long as short
Hotstuff MSFT-PERP	−0.0040%	1h	501.41	+0.042%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0040%	1h	501.47	+0.054%	$690K	$433K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.99	+0.158%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.79	+0.118%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.84	+0.128%	$15.7M	$19.3M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.84	+0.128%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.78	+0.116%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.60	+0.080%	$3.1M	$1.5M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.83	+0.126%	$3.8M	$2.2M	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	501.88	+0.135%	$1.3M	$710K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.76	+0.112%	$19K	$325K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.61	+0.281%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.42	+0.044%	$27K	$104K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.70	+0.100%	$59K	$230K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.91	+0.142%	$2.2M	$768K	10x	as long as short
BloFin MSFT-USDT	+0.0003%	8h	501.86	+0.132%	$188K	$210K	20x	as long as short
Nado MSFT-PERP	+0.0007%	1h	501.38	+0.036%	$414K	$64K	20x	as long as short
Lighter MSFT	+0.0032%	1h	501.82	+0.124%	$1.1M	$654K	20x	as long as short
Lighter RH MSFTshort	+0.0032%	1h	501.67	+0.094%	$652K	$2.2M	20x
Vest MSFT-USD-PERP	+0.0046%	1h	501.57	+0.074%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.41	+0.042%	$22.2M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.37	+0.034%	$309K	$683K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.78	+0.116%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.42	+0.044%	$529K	$494K	15x	as long as short
QFEX MSFT-USD	+0.0050%	1h	501.76	+0.112%	$1.1M	$5.7M	10x	as long as short
Paradex MSFT-USD-PERP	+0.0053%	8h	501.71	+0.102%	$221	—	5x	as long as short
Phoenix MSFT	+0.0096%	1h	501.59	+0.078%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.18	−0.004%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDTlong	+0.0100%	1h	501.20	long leg	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.75	+0.110%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.78	+0.115%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.08	+0.375%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0531%	1h	501.66	+0.092%	$109K	$90K	10x	as long as short