Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.011%
Price spread now: Lighter RH against Gate+0.018%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.018%, 7d avg −0.026%
=Together, before fees−0.021%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.044% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSFT_USDT | 501.83 | 0 | get 0.0000% / 8h | 1h 30m | $3.1M | $1.6M | 100x |
| Short | Lighter RH MSFT | 501.92 | 0.0032 | get 0.0004% / 1h | 30m 03s | $653K | $2.1M | 20x |
Gate MSFT_USDT
Lighter RH MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: +0.018% → −0.026%
- $4.4
- Slippage, 4 orders
- −$13.09
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$16.97
- Costs to cover
- 0.281%
- Break-even
- 24.7 days
Slippage from Gate: live order book, 3 min ago; Lighter RH: live order book, 3 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, 3 min ago | 4.59 bp | 14.2 bp −$14 | 30.9 bp −$309 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.60 bp | 1.0 bp −$1 | 3.8 bp −$38 | 39.8 bp −$3,979 | 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 | −0.0817% | 4h | 501.97 | +0.028% | $102K | $243K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.03 | +0.039% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.00 | +0.034% | $337K | $407K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.09 | +0.052% | $15.7M | $19.3M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.18 | +0.070% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDTlong | 0.0000% | 8h | 501.83 | long leg | $3.1M | $1.6M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 501.98 | +0.030% | $1.3M | $708K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.01 | +0.036% | $18K | $318K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.86 | +0.205% | $6K | $4.4M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.76 | −0.014% | $27K | $104K | 10x | as long as short |
edgeX MSFTUSDC
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUALShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 501.58 | −0.050% | $688K | $449K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.93 | +0.020% | $58K | $228K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.18 | +0.070% | $2.2M | $763K | 10x | as long as short |
| BloFin MSFT-USDT | 0.0000% | 8h | 502.04 | +0.042% | $188K | $209K | 20x | as long as short |
| Bitget MSFTUSDT | +0.0006% | 8h | 502.06 | +0.046% | $3.8M | $2.2M | 100x | as long as short |
| Bybit MSFTUSDT | +0.0021% | 8h | 502.03 | +0.040% | $7.4M | $1.7M | 100x | as long as short |
| Lighter RH MSFTshort | +0.0032% | 1h | 501.92 | +0.018% | $653K | $2.1M | 20x | |
| QFEX MSFT-USD | +0.0040% | 1h | 501.97 | +0.028% | $1.1M | $5.8M | 10x | as long as short |
| Nado MSFT-PERP | +0.0043% | 1h | 501.69 | −0.027% | $414K | $64K | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.75 | −0.016% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.61 | −0.044% | $22.3M | $9.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.58 | −0.050% | $305K | $680K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.99 | +0.032% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.62 | −0.042% | $529K | $493K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0062% | 8h | 501.87 | +0.009% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.61 | −0.044% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0088% | 1h | 501.62 | −0.042% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.56 | −0.054% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.79 | −0.008% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.91 | +0.016% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.96 | +0.025% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0168% | 1h | 502.10 | +0.054% | $1.1M | $590K | 20x | as long as short |
| Arcus MSFT-USD | +0.0200% | 1h | 501.94 | +0.022% | $98K | $109K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.17 | +0.068% | $115K | $45K | 30x | as long as short |
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Bitget MSFTUSDT
Bybit MSFTUSDT
QFEX MSFT-USD
Nado MSFT-PERP
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
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Arcus MSFT-USD
Injective MSFT/USDC PERP