MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h −0.019%

Price spread now: Coinbase International against Lighter−0.117%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 3 days (all we have)+0.118%+$12 · spread now −0.117%, 7d avg −0.101%

Together, before fees−0.019%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.101%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MSFT	502.17	0.0168	pay 0.0021% / 1h	28m 02s	$1.1M	$590K	20x
Short	Coinbase International MSFT-PERP-INTX	501.58	0	get 0.0000% / 1h	28m 02s	$688K	$449K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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 LighterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$35.28
Price spread: −0.117% → −0.101%: −$1.68
Slippage, 4 orders: −$10.42
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$57.38
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Coinbase International: live order book, 55 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 Lighter live order book, 3 min ago	0.50 bp	2.6 bp −$3	6.9 bp −$69	doesn't fit	doesn't fit
Sell Coinbase International live order book, 55 min ago	2.89 bp	8.1 bp −$8	11.9 bp −$119	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	−0.0817%	4h	501.97	−0.040%	$102K	$243K	10x	as long as short
BloFin MSFT-USDT	−0.0009%	8h	502.04	−0.026%	$188K	$209K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.14	−0.006%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.07	−0.019%	$337K	$407K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.17	0.000%	$15.7M	$19.3M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.18	+0.002%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.90	−0.054%	$3.1M	$1.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.98	−0.037%	$1.3M	$708K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.02	−0.030%	$19K	$318K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.92	+0.149%	$6K	$4.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.89	−0.056%	$27K	$104K	10x	as long as short
Coinbase International MSFT-PERP-INTXshort	0.0000%	1h	501.58	−0.117%	$688K	$449K	10x
HTX MSFT-USDT	0.0000%	8h	501.94	−0.046%	$58K	$228K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.45	+0.056%	$2.2M	$763K	10x	as long as short
Bitget MSFTUSDT	+0.0005%	8h	502.08	−0.018%	$3.8M	$2.2M	100x	as long as short
Bybit MSFTUSDT	+0.0021%	8h	502.17	0.000%	$7.4M	$1.7M	100x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.95	−0.044%	$653K	$2.1M	20x	as long as short
Nado MSFT-PERP	+0.0038%	1h	501.87	−0.060%	$414K	$64K	20x	as long as short
QFEX MSFT-USD	+0.0040%	1h	502.04	−0.026%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.77	−0.080%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.73	−0.088%	$22.3M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.70	−0.094%	$306K	$678K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.06	−0.022%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.62	−0.110%	$529K	$493K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0062%	8h	502.01	−0.031%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.88	−0.058%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.55	−0.123%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.79	−0.076%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.03	−0.028%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.09	−0.017%	$55	—	10x	as long as short
Lighter MSFTlong	+0.0168%	1h	502.17	long leg	$1.1M	$590K	20x
Hotstuff MSFT-PERP	+0.0184%	1h	501.76	−0.082%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0200%	1h	502.04	−0.026%	$98K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.17	0.000%	$115K	$45K	30x	as long as short