Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG515.00+0.0032pay 0.0004% / 1h59m 42s$1.4M$3.1M20xLong Lighter RH
SHORT514.48L +0.0050S −0.0050get 0.0006% / 1h59m 42s$60K—25xShort 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 forecast
Funding−$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 · history
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

/8h

MSFT on 35 exchanges

lowest funding first

Before 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 + $400
    Lighter RH 20x, Avantis 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both 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 OI
    Avantis sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter RH Points live · Avantis Season 3
    Volume here counts toward the points program.
  • OK: No KYC on either legLighter RH No · Avantis No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding 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 sample

Cost to enter

taker + slippage from mid, one side
BUY · 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.

Alert

MSFT news

posts that mention MSFT or Microsoft, from every exchangeSearch all news →
09-30 18:40HotstuffListingMSFT-PERP no longer reported ($MSFT) seen by our collector
09-29 10:22BingXOtherMicrosoft’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 10:40KalshiOtherJUST IN: Microsoft CEO says the "biggest issue" with AI now is whether people "trust it," not whether it works @Kalshi on X ↗
09-25 15:01Vest MarketsOtherTrade $MSFT volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗
09-25 15:01Vest MarketsOther$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 06:40KalshiOtherJUST IN: Microsoft to give Pentagon's DARPA hands-on access to its new quantum system @Kalshi on X ↗