MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h −0.008%

Price spread now: tradeXYZ against Lighter−0.104%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.104%, 7d avg −0.084%

Together, before fees−0.040%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.084%, 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	501.46	0.0128	pay 0.0016% / 1h	38m 32s	$1.1M	$489K	20x
Short	tradeXYZ xyz:MSFT	500.94	0.0050	get 0.0006% / 1h	38m 32s	$22.1M	$9.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$16.38
Price spread: −0.104% → −0.084%: −$1.96
Slippage, 4 orders: −$4.45
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$40.78
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; tradeXYZ: live order book, 10 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, 2 min ago	0.80 bp	1.3 bp −$1	4.3 bp −$43	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.40 bp	9.6 bp −$10	doesn't fit	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
BloFin MSFT-USDT	−0.0028%	8h	501.33	−0.026%	$189K	$204K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	500.87	−0.118%	$684K	$451K	10x	as long as short
Nado MSFT-PERP	−0.0013%	1h	501.08	−0.075%	$414K	$64K	20x	as long as short
Hotstuff MSFT-PERP	−0.0008%	1h	500.97	−0.098%	$32K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.47	+0.003%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.34	−0.025%	$342K	$894K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.38	−0.016%	$15.6M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.25	−0.042%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.50	+0.008%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.14	−0.064%	$3.1M	$1.6M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.43	−0.006%	$4.3M	$2.4M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.10	−0.072%	$1.3M	$677K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.24	−0.045%	$19K	$295K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.03	+0.114%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.13	−0.066%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.59	+0.026%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.73	+0.054%	$2.2M	$759K	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	501.21	−0.050%	$618K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	501.31	−0.030%	$1.2M	$5.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.12	−0.068%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.18	−0.056%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFTshort	+0.0050%	1h	500.94	−0.104%	$22.1M	$9.2M	20x
Polymarket Perps MSFT-USD	+0.0050%	1h	500.97	−0.098%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.30	−0.032%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.84	−0.124%	$513K	$514K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.26	−0.041%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.09	−0.074%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.00	−0.092%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.67	−0.158%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.29	−0.034%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.32	−0.027%	$55	—	10x	as long as short
Lighter MSFTlong	+0.0128%	1h	501.46	long leg	$1.1M	$489K	20x
Injective MSFT/USDC PERP	+0.0220%	1h	501.56	+0.020%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0251%	4h	501.21	−0.049%	$102K	$241K	10x	as long as short