Funding you earn now, next payment 23:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.055%
Price spread now: Injective against Lighter RH+0.026%67s7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs+$15as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$230.227% of the position
Funding, last 7 days+0.374%+$37 on $10k
+Price spread, last 3 days (all we have)+0.093%+$9 · spread now +0.026%, 7d avg +0.005%
=Together, before fees+0.467%+ Points / potential airdropLighter RH: Points live · farm board+$47 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 0.021% dearer against Lighter RH than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.005%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MSFT | 502.04 | 0.0032 | pay 0.0004% / 1h | 19m 59s | $652K | $2.1M | 20x |
| Short | Injective MSFT/USDC PERP | 502.17 | 0.0220 | get 0.0028% / 1h | 19m 59s | $115K | $45K | 30x |
Lighter RH MSFT
Injective MSFT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $39.48
- Price spread: +0.026% → +0.005%
- $2.12
- Slippage, 4 orders
- −$22.71
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $18.86
- Costs to cover
- 0.227%
- Break-even
- 3.7 days
Slippage from Lighter RH: live order book, 3 min ago; Injective: live order book, 64 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, 3 min ago | 0.90 bp | 0.9 bp −$1 | 3.9 bp −$39 | 37.7 bp −$3,772 | doesn't fit |
| Sell Injective live order book, 64 min ago | 10.07 bp | 10.1 bp −$10 | 10.1 bp −$101 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MSFTUSDT | 0.0000% | 8h | 502.16 | +0.023% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.06 | +0.004% | $337K | $392K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.16 | +0.024% | $15.7M | $19.2M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.21 | +0.034% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.88 | −0.032% | $3.1M | $1.6M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 502.20 | +0.032% | $3.8M | $2.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 502.09 | +0.009% | $1.3M | $702K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.12 | +0.016% | $19K | $312K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.95 | +0.181% | $6K | $4.3M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.75 | −0.058% | $27K | $100K | 10x | as long as short |
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUALShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 501.58 | −0.092% | $688K | $449K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.03 | −0.002% | $58K | $228K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.35 | +0.062% | $2.2M | $757K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0006% | 8h | 502.13 | +0.018% | $188K | $210K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0008% | 1h | 501.77 | −0.054% | $32K | $8K | 20x | as long as short |
| Nado MSFT-PERP | +0.0014% | 1h | 501.92 | −0.024% | $414K | $64K | 20x | as long as short |
| Bybit MSFTUSDT | +0.0018% | 8h | 502.17 | +0.026% | $7.4M | $1.7M | 100x | as long as short |
| Lighter RH MSFTlong | +0.0032% | 1h | 502.04 | long leg | $652K | $2.1M | 20x | |
| QFEX MSFT-USD | +0.0040% | 1h | 502.03 | −0.002% | $1.1M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.99 | −0.010% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.75 | −0.058% | $22.3M | $9.7M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.64 | −0.080% | $305K | $675K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.09 | +0.010% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.79 | −0.050% | $529K | $493K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0060% | 8h | 502.04 | 0.000% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.89 | −0.030% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.48 | −0.112% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.77 | −0.054% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.04 | 0.000% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 502.11 | +0.013% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0136% | 1h | 502.21 | +0.034% | $1.1M | $590K | 20x | as long as short |
| edgeX MSFTUSDC | +0.0158% | 4h | 502.09 | +0.009% | $102K | $242K | 10x | as long as short |
| Arcus MSFT-USD | +0.0200% | 1h | 502.04 | 0.000% | $98K | $109K | 10x | as long as short |
| Injective MSFT/USDC PERPshort | +0.0220% | 1h | 502.17 | +0.026% | $115K | $45K | 30x |
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Hotstuff MSFT-PERP
Nado MSFT-PERP
Bybit MSFTUSDT
QFEX MSFT-USD
Vest MSFT-USD-PERP
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
edgeX MSFTUSDC
Arcus MSFT-USD