Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 515.00 | +0.0032 | pay 0.0004% / 1h | 59m 42s | $1.4M | $3.1M | 20x | Long Lighter RH | |
| SHORT | 514.48 | L +0.0050S −0.0050 | get 0.0006% / 1h | 59m 42s | $60K | — | 25x | Short Avantis |
Price gap−0.101%
Funding gap+0.0018% /8h
Funding pays +$1 a day on $10k, but the gap is 0.101% under zero (no 7-day history yet): −$10 if it goes back, about 19 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1+0.0018% /8h now · paid −0.014% over the last 7D
Price—spread −0.101% now · no price history on both exchanges yet
Costsno datano order book for Avantis
Result, before costs—+ Points / potential airdropLighter RH: Points live · Avantis: Season 3 · farm boardneeds both price histories
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.101%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMSFT on 35 exchanges
lowest funding firstBefore you open
3 ok · 1 to watch- Note: Order book unknown—No order-book sample for Avantis: its slippage is not counted.
- Note: Margin at max leverage$500 + $400Lighter RH 20x, Avantis 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$0.54Long Lighter RH: 24 payments, −$0.96; short Avantis: 24 payments, +$1.50.
- Note: No 7-day spread history−0.101%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$60K vs $1.4M OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points live · Avantis Season 3Volume here counts toward the points program.
- OK: No KYC on either legLighter RH No · Avantis NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0007%/8h × 21 periods−$1.43
Price spread−0.101% → 0−$10.10
Slippage, 4 ordersno data for Avantis—
Fee Lighter RH bp × 2 orders$0.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$20.53
Costs to cover0.090%Break-evennever at this rate
Slippage: Lighter RH: live order book, 5 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH1.942.1 bp−$24.4 bp−$4441.3 bp−$4,128doesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
| 09-30 18:40 | Hotstuff | Listing | MSFT-PERP no longer reported ($MSFT) seen by our collector |
| 09-29 10:22 | BingX | Other | Microsoft’s AI push is giving $MSFT a lift 👀 A Copilot overhaul and plans to monetize AI agents are fueling the move. What’s behind the rally? Get the breakdown👇 @BingXOfficial on X ↗ |
| 09-26 10:40 | Kalshi | Other | JUST IN: Microsoft CEO says the "biggest issue" with AI now is whether people "trust it," not whether it works @Kalshi on X ↗ |
| 09-25 15:01 | Vest Markets | Other | Trade $MSFT volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗ |
| 09-25 15:01 | Vest Markets | Other | $MSFT is up around 3.6% today, with Microsoft revamping Copilot to add coding and always-on agent tools. The update bundles Code, Cowork and an Autopilot agent into one app with Word, Excel and PowerPoint embedded, priced by usage rather than a $30 monthly add-on. Fewer than 7% of Microsoft's more than 450 million commercial Office 365 seats carry the Copilot add-on. @VestExchange on X ↗ |
| 09-23 06:40 | Kalshi | Other | JUST IN: Microsoft to give Pentagon's DARPA hands-on access to its new quantum system @Kalshi on X ↗ |


BingX
Kalshi