Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: Lighter against Lighter RH0.000%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$50.046% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 7 days+0.030%+$3 · spread now 0.000%, 7d avg +0.037%
=Together, before fees+0.074%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.037% cheaper against Lighter RH than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MSFT | 503.60 | 0.0032 | pay 0.0004% / 1h | 26m 06s | $699K | $1.9M | 20x |
| Short | Lighter MSFT | 503.60 | 0.0032 | get 0.0004% / 1h | 26m 06s | $1.2M | $517K | 20x |
Lighter RH MSFT
Lighter MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $0
- Price spread: 0.000% → +0.037%
- −$3.69
- Slippage, 4 orders
- −$4.59
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$8.28
- Costs to cover
- 0.046%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; Lighter: live order book, 5 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, 2 min ago | 0.20 bp | 1.9 bp −$2 | 5.4 bp −$54 | 42.4 bp −$4,239 | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.89 bp | 0.9 bp −$1 | 3.1 bp −$31 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0313% | 4h | 504.33 | +0.146% | $103K | $244K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0056% | 1h | 503.90 | +0.060% | $681K | $480K | 10x | as long as short |
| Nado MSFT-PERP | −0.0026% | 1h | 503.94 | +0.068% | $415K | $67K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0002% | 8h | 504.29 | +0.137% | $192K | $203K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.92 | +0.064% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.79 | +0.038% | $335K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.93 | +0.065% | $15.9M | $19.3M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.58 | −0.004% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.94 | +0.068% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.64 | +0.008% | $3.1M | $1.9M | 100x | as long as short |
edgeX MSFTUSDC
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 503.92 | +0.064% | $3.9M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.34 | +0.147% | $1.3M | $387K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.31 | +0.142% | $19K | $316K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.76 | +0.230% | $6K | $3.5M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.93 | +0.066% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.31 | +0.141% | $2.2M | $838K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0008% | 1h | 503.73 | +0.026% | $32K | $8K | 20x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.98 | +0.075% | $11K | $15K | 20x | as long as short |
| QFEX MSFT-USD | +0.0023% | 1h | 503.80 | +0.040% | $1.1M | $4.6M | 10x | as long as short |
| Lighter MSFTshort | +0.0032% | 1h | 503.60 | 0.000% | $1.2M | $517K | 20x | |
| Lighter RH MSFTlong | +0.0032% | 1h | 503.60 | long leg | $699K | $1.9M | 20x | |
| Arcus MSFT-USD | +0.0040% | 1h | 503.84 | +0.048% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.88 | +0.056% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.36 | −0.048% | $22.4M | $8.9M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.41 | −0.038% | $303K | $650K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.69 | +0.018% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.60 | 0.000% | $514K | $391K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 503.73 | +0.026% | $222 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.64 | +0.008% | $1.6M | $115K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.83 | +0.046% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.79 | +0.038% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.80 | +0.039% | $55 | — | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0147% | 1h | 503.66 | +0.012% | $27K | $45K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 505.84 | +0.445% | $116K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Hotstuff MSFT-PERP
Phoenix MSFT
QFEX MSFT-USD
Arcus 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
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
Injective MSFT/USDC PERP