Funding you earn now, next payment 01:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.020%
Price spread now: Lighter against Gate+0.052%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$300.296% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 7 days−0.036%−$4 · spread now +0.052%, 7d avg −0.012%
=Together, before fees+0.045%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.064% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSFT_USDT | 501.23 | 0 | get 0.0000% / 8h | 7h 11m | $3.1M | $1.7M | 100x |
| Short | Lighter MSFT | 501.49 | 0.0120 | get 0.0015% / 1h | 11m 19s | $1.1M | $486K | 20x |
Gate MSFT_USDT
Lighter MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- $25.2
- Price spread: +0.052% → −0.012%
- $6.37
- Slippage, 4 orders
- −$14.63
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $1.93
- Costs to cover
- 0.296%
- Break-even
- 6.5 days
Slippage from Gate: live order book, 2 min ago; Lighter: live order book, 5 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 Gate live order book, 2 min ago | 3.69 bp | 12.1 bp −$12 | 32.6 bp −$326 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.80 bp | 1.3 bp −$1 | 6.0 bp −$60 | 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 | −0.0508% | 4h | 501.42 | +0.038% | $102K | $244K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 501.24 | +0.002% | $685K | $453K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.56 | +0.065% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.32 | +0.017% | $337K | $900K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.42 | +0.038% | $15.7M | $18.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.32 | +0.018% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.38 | +0.030% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDTlong | 0.0000% | 8h | 501.23 | long leg | $3.1M | $1.7M | 100x | |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.41 | +0.036% | $3.8M | $2.1M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.33 | +0.020% | $1.3M | $690K | — | 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
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 | 501.50 | +0.054% | $19K | $293K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.25 | +0.203% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.10 | −0.026% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.36 | +0.026% | $58K | $227K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.02 | +0.158% | $2.2M | $760K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0007% | 8h | 501.51 | +0.056% | $188K | $205K | 20x | as long as short |
| Nado MSFT-PERP | +0.0018% | 1h | 501.23 | +0.001% | $414K | $64K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.24 | +0.002% | $619K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0044% | 1h | 501.44 | +0.042% | $1.1M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.34 | +0.022% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.07 | −0.032% | $22.1M | $9.2M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.04 | −0.038% | $303K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.35 | +0.024% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.05 | −0.036% | $514K | $503K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.39 | +0.031% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.24 | +0.002% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.36 | +0.026% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.13 | −0.020% | $159K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.36 | +0.026% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.28 | +0.009% | $55 | — | 10x | as long as short |
| Lighter MSFTshort | +0.0120% | 1h | 501.49 | +0.052% | $1.1M | $486K | 20x | |
| Arcus MSFT-USD | +0.0212% | 1h | 501.30 | +0.014% | $97K | $109K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.82 | +0.118% | $115K | $45K | 30x | as long as short |
| Hotstuff MSFT-PERP | +0.0232% | 1h | 501.12 | −0.022% | $32K | $8K | 20x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Nado MSFT-PERP
Lighter RH MSFT
QFEX 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
Arcus MSFT-USD
Injective MSFT/USDC PERP
Hotstuff MSFT-PERP