Funding you earn now, next payment 03:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.022%
Price spread now: Lighter against Aster+0.014%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$480.479% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 4 days (all we have)−0.125%−$13 · spread now +0.014%, 7d avg −0.031%
=Together, before fees−0.042%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.045% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSFTUSDT | 501.76 | 0 | get 0.0000% / 8h | 5h 40m | $161K | $116K | 20x |
| Short | Lighter MSFT | 501.83 | 0.0112 | get 0.0014% / 1h | 40m 05s | $1.1M | $458K | 20x |
Aster MSFTUSDT
Lighter MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aster. 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
- $23.52
- Price spread: +0.014% → −0.031%
- $4.51
- Slippage, 4 orders
- −$39.89
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$19.86
- Costs to cover
- 0.479%
- Break-even
- 12.9 days
Slippage from Aster: live order book, 21 min ago; Lighter: live order book, 6 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 Aster live order book, 21 min ago | 10.36 bp | 19.4 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.30 bp | 1.6 bp −$2 | 7.4 bp −$74 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff MSFT-PERP | −0.0088% | 1h | 501.43 | −0.066% | $32K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 501.24 | −0.104% | $679K | $456K | 10x | as long as short |
| Nado MSFT-PERP | −0.0059% | 1h | 501.58 | −0.035% | $414K | $64K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0001% | 8h | 501.97 | +0.042% | $189K | $204K | 20x | as long as short |
| Aster MSFTUSDTlong | 0.0000% | 8h | 501.76 | long leg | $161K | $116K | 20x | |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.82 | +0.011% | $338K | $891K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.84 | +0.016% | $15.7M | $18.9M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.84 | +0.016% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.04 | +0.056% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.75 | −0.002% | $3.1M | $1.7M | 100x | as long as short |
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 501.91 | +0.030% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.90 | +0.027% | $1.3M | $650K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.03 | +0.053% | $19K | $296K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.72 | +0.191% | $6K | $4.1M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.91 | +0.030% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.10 | +0.068% | $2.2M | $770K | 10x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.80 | +0.008% | $1.1M | $5.7M | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.57 | −0.038% | $676K | $2.0M | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.66 | −0.020% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.70 | −0.012% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.36 | −0.080% | $22.1M | $9.1M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.52 | −0.048% | $302K | $648K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.78 | +0.004% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.51 | −0.050% | $524K | $487K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0061% | 8h | 501.77 | +0.002% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 501.77 | +0.002% | $10K | $15K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0089% | 1h | 501.66 | −0.020% | $27K | $41K | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.62 | −0.028% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.57 | −0.038% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.88 | +0.024% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.81 | +0.009% | $55 | — | 10x | as long as short |
| Lighter MSFTshort | +0.0112% | 1h | 501.83 | +0.014% | $1.1M | $458K | 20x | |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.81 | +0.010% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0854% | 4h | 501.96 | +0.041% | $102K | $242K | 10x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
QFEX MSFT-USD
Lighter RH MSFT
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
Deribit MSFT_USDC-PERPETUAL
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC