Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.009%
Price spread now: Bitget against Lighter RH+0.064%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 7 days−0.064%−$6 · spread now +0.064%, 7d avg +0.073%
=Together, before fees−0.118%+ Points / potential airdropLighter RH: Points live · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MSFT | 501.59 | 0.0032 | pay 0.0004% / 1h | 36m 56s | $682K | $2.0M | 20x |
| Short | Bitget MSFTUSDT | 501.91 | 0 | get 0.0000% / 8h | 5h 36m | $4.5M | $2.5M | 100x |
Lighter RH MSFT
Bitget MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter RH. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.72
- Price spread: +0.064% → +0.073%
- −$0.94
- Slippage, 4 orders
- −$10.72
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$30.38
- Costs to cover
- 0.227%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 1 min ago; Bitget: live order book, 1 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 RH live order book, 1 min ago | 1.50 bp | 1.5 bp −$1 | 4.4 bp −$44 | 42.2 bp −$4,219 | doesn't fit |
| Sell Bitget live order book, 1 min ago | 1.49 bp | 9.9 bp −$10 | 14.4 bp −$144 | 49.4 bp −$4,940 | 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 | −0.0064% | 1h | 501.24 | −0.070% | $679K | $456K | 10x | as long as short |
| Nado MSFT-PERP | −0.0047% | 1h | 501.47 | −0.025% | $414K | $64K | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.0008% | 1h | 501.35 | −0.048% | $32K | $8K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.68 | +0.018% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.77 | +0.036% | $338K | $891K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.90 | +0.061% | $15.7M | $18.9M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.81 | +0.044% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.04 | +0.090% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.79 | +0.040% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDTshort | 0.0000% | 8h | 501.91 | +0.064% | $4.5M | $2.5M | 100x |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Hotstuff MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.90 | +0.061% | $1.3M | $650K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.90 | +0.062% | $19K | $297K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.68 | +0.217% | $6K | $4.1M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.74 | +0.030% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.95 | +0.072% | $2.2M | $770K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0028% | 8h | 501.85 | +0.052% | $189K | $204K | 20x | as long as short |
| QFEX MSFT-USD | +0.0030% | 1h | 501.71 | +0.024% | $1.2M | $5.7M | 10x | as long as short |
| Lighter RH MSFTlong | +0.0032% | 1h | 501.59 | long leg | $682K | $2.0M | 20x | |
| Arcus MSFT-USD | +0.0040% | 1h | 501.62 | +0.006% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.61 | +0.004% | — | $1K | 25x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0049% | 1h | 501.53 | −0.012% | $27K | $41K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.37 | −0.044% | $22.1M | $9.1M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.45 | −0.028% | $302K | $648K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.79 | +0.040% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.40 | −0.038% | $524K | $487K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0060% | 8h | 501.62 | +0.006% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 501.58 | −0.002% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.58 | −0.002% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.43 | −0.032% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.73 | +0.028% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.71 | +0.023% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0144% | 1h | 501.88 | +0.058% | $1.1M | $458K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.24 | +0.329% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0622% | 4h | 501.92 | +0.065% | $102K | $242K | 10x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Deribit MSFT_USDC-PERPETUAL
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Lighter MSFT
Injective MSFT/USDC PERP
edgeX MSFTUSDC