MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.010%

Price spread now: Lighter RH against Lighter−0.042%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$70.067% of the position

Long on Lighter Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.042%, 7d avg −0.044%

Together, before fees−0.039%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: −$2 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	502.13	0.0088	pay 0.0011% / 1h	29m 51s	$1.1M	$486K	20x
Short	Lighter RH MSFT	501.92	0.0032	get 0.0004% / 1h	29m 51s	$619K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$11.76
Price spread: −0.042% → −0.044%: $0.17
Slippage, 4 orders: −$6.65
Fee Lighter: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$18.24
Costs to cover: 0.067%
Break-even: never at this rate

Slippage from Lighter: live order book, 1 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 Lighter live order book, 1 min ago	0.50 bp	1.2 bp −$1	4.8 bp −$48	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.20 bp	1.2 bp −$1	4.3 bp −$43	43.7 bp −$4,373	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
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.13	−0.199%	$679K	$456K	10x	as long as short
Nado MSFT-PERP	−0.0002%	1h	501.70	−0.087%	$414K	$64K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	502.03	−0.019%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.99	−0.027%	$337K	$1.0M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.10	−0.006%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.99	−0.028%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.97	−0.032%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.69	−0.088%	$3.1M	$1.6M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.83	−0.060%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.87	−0.052%	$1.3M	$690K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.60	−0.106%	$19K	$294K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.81	+0.135%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.83	−0.060%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.95	−0.036%	$59K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.17	+0.008%	$2.2M	$758K	10x	as long as short
BloFin MSFT-USDT	+0.0020%	8h	501.92	−0.042%	$188K	$206K	20x	as long as short
Lighter RH MSFTshort	+0.0032%	1h	501.92	−0.042%	$619K	$2.0M	20x
QFEX MSFT-USD	+0.0044%	1h	501.81	−0.064%	$1.1M	$5.9M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.82	−0.062%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.70	−0.086%	$22.3M	$9.1M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.57	−0.112%	$303K	$674K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.95	−0.036%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.37	−0.151%	$527K	$488K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.82	−0.061%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.48	−0.129%	$10K	$15K	20x	as long as short
Lighter MSFTlong	+0.0088%	1h	502.13	long leg	$1.1M	$486K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	501.91	−0.044%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.45	−0.135%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.83	−0.060%	$8K	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0104%	1h	501.60	−0.106%	$32K	$8K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.85	−0.056%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.61	−0.104%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.00	−0.026%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0365%	4h	501.58	−0.110%	$102K	$243K	10x	as long as short