Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%
Price spread now: Vest against Lighter RH+0.032%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · Vest: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Vest is 0.032% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MSFT | 501.27 | 0.0032 | pay 0.0004% / 1h | 16m 04s | $675K | $2.0M | 20x |
| Short | Vest MSFT-USD-PERP | 501.43 | 0.0046 | get 0.0006% / 1h | 16m 04s | — | $1K | 25x |
Lighter RH MSFT
Vest MSFT-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $2.87
- Price spread: +0.032% → 0.000%
- $3.19
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $4.06
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Lighter RH: live order book, 2 min ago; Vest: no order-book sample. Net counts fees only.
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 | 1.40 bp | 2.7 bp −$3 | 5.7 bp −$57 | 40.8 bp −$4,079 | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0040% | 1h | 500.96 | −0.062% | $678K | $456K | 10x | as long as short |
| edgeX MSFTUSDC | −0.0029% | 4h | 501.50 | +0.046% | $102K | $244K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0021% | 8h | 501.53 | +0.052% | $189K | $204K | 20x | as long as short |
| Nado MSFT-PERP | −0.0007% | 1h | 501.29 | +0.005% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.32 | +0.011% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.42 | +0.031% | $337K | $893K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.54 | +0.054% | $15.8M | $19.0M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.24 | −0.006% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.57 | +0.060% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.30 | +0.006% | $3.1M | $1.7M | 100x | as long as short |
Coinbase International MSFT-PERP-INTX
edgeX MSFTUSDC
BloFin MSFT-USDT
Nado 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 501.48 | +0.042% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.46 | +0.038% | $1.3M | $615K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.52 | +0.050% | $19K | $302K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.30 | +0.205% | $6K | $4.0M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.43 | +0.032% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.55 | +0.056% | $2.2M | $768K | 10x | as long as short |
| Lighter RH MSFTlong | +0.0032% | 1h | 501.27 | long leg | $675K | $2.0M | 20x | |
| QFEX MSFT-USD | +0.0036% | 1h | 501.42 | +0.030% | $1.2M | $5.2M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.27 | 0.000% | $96K | $111K | 10x | as long as short |
| Vest MSFT-USD-PERPshort | +0.0046% | 1h | 501.43 | +0.032% | — | $1K | 25x | |
| Phoenix MSFT | +0.0048% | 1h | 501.19 | −0.016% | $10K | $15K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0049% | 1h | 501.36 | +0.018% | $27K | $41K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.01 | −0.052% | $22.1M | $8.7M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.18 | −0.018% | $302K | $722K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.32 | +0.010% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.10 | −0.034% | $528K | $443K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 501.44 | +0.033% | $221 | — | 5x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.18 | −0.018% | $1.5M | $20K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.19 | −0.016% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.44 | +0.034% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.46 | +0.039% | $55 | — | 10x | as long as short |
| Lighter MSFT | +0.0120% | 1h | 501.55 | +0.056% | $1.1M | $499K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0152% | 1h | 501.01 | −0.052% | $32K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.63 | +0.072% | $115K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
QFEX MSFT-USD
Arcus MSFT-USD
Phoenix MSFT
Deribit MSFT_USDC-PERPETUAL
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
Lighter MSFT
Hotstuff MSFT-PERP
Injective MSFT/USDC PERP