Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.018%
Price spread now: Lighter against HTX+0.064%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 3 days (all we have)−0.093%−$9 · spread now +0.064%, 7d avg −0.005%
=Together, before fees+0.013%+ Points / potential airdropLighter: Season 3 · farm board+$1 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 0.068% dearer against HTX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MSFT-USDT | 501.67 | 0 | get 0.0000% / 8h | 7h 58m | $59K | $228K | 20x |
| Short | Lighter MSFT | 501.99 | 0.0096 | get 0.0012% / 1h | 58m 41s | $1.1M | $486K | 20x |
HTX MSFT-USDT
Lighter MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against HTX. 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
- $20.16
- Price spread: +0.064% → −0.005%
- $6.83
- Slippage, 4 orders
- −$8.64
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $6.35
- Costs to cover
- 0.206%
- Break-even
- 4.8 days
Slippage from HTX: live order book, 13 min ago; Lighter: live order book, 7 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 HTX live order book, 13 min ago | 2.69 bp | 8.7 bp −$9 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 1.00 bp | 1.7 bp −$2 | 3.4 bp −$34 | 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 | −0.0298% | 4h | 501.64 | −0.006% | $102K | $244K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 501.76 | +0.018% | $687K | $448K | 10x | as long as short |
| Nado MSFT-PERP | −0.0006% | 1h | 501.61 | −0.012% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.82 | +0.030% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.90 | +0.045% | $337K | $378K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.92 | +0.050% | $15.7M | $19.1M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.18 | +0.102% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.77 | +0.020% | $3.1M | $1.6M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.99 | +0.064% | $3.8M | $2.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.66 | −0.003% | $1.3M | $692K | — | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
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 | 501.74 | +0.014% | $18K | $294K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.67 | +0.199% | $6K | $4.3M | 20x | as long as short |
| HTX MSFT-USDTlong | 0.0000% | 8h | 501.67 | long leg | $59K | $228K | 20x | |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.12 | +0.090% | $2.2M | $748K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0009% | 1h | 501.76 | +0.018% | $27K | $102K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0011% | 8h | 502.04 | +0.074% | $188K | $208K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.76 | +0.018% | $618K | $2.0M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.66 | −0.002% | — | $1K | 25x | as long as short |
| Hotstuff MSFT-PERP | +0.0048% | 1h | 501.56 | −0.022% | $32K | $8K | 20x | as long as short |
| QFEX MSFT-USD | +0.0049% | 1h | 501.78 | +0.022% | $1.2M | $5.9M | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.55 | −0.024% | $22.3M | $9.4M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.55 | −0.024% | $303K | $675K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.75 | +0.016% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.16 | −0.102% | $529K | $493K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.78 | +0.022% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.37 | −0.060% | $10K | $15K | 20x | as long as short |
| Lighter MSFTshort | +0.0096% | 1h | 501.99 | +0.064% | $1.1M | $486K | 20x | |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.37 | −0.060% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.37 | −0.060% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.73 | +0.012% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.73 | +0.011% | $55 | — | 10x | as long as short |
| Arcus MSFT-USD | +0.0212% | 1h | 501.68 | +0.002% | $97K | $109K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.31 | +0.128% | $115K | $45K | 30x | as long as short |
| Bybit MSFTUSDT | +0.0481% | 8h | 502.00 | +0.066% | $7.4M | $1.7M | 100x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Phemex MSFTUSDT
Deribit MSFT_USDC-PERPETUAL
BloFin MSFT-USDT
Lighter RH MSFT
Vest MSFT-USD-PERP
Hotstuff MSFT-PERP
QFEX MSFT-USD
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
Bybit MSFTUSDT