MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.009%

Price spread now: Lighter RH against Nado+0.019%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Nado Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.069%+$7 on $10k

Price spread, last 4 days (all we have)+0.158%+$16 · spread now +0.019%, 7d avg −0.026%

Together, before fees+0.227%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.045% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MSFT-PERP	500.88	−0.0018	get 0.0002% / 1h	42m 09s	$414K	$64K	20x
Short	Lighter RH MSFT	500.97	0.0032	get 0.0004% / 1h	42m 09s	$618K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee Lighter RHbpOrdersPrice spread, now +0.019%Rate

Funding earned: $10.49
Price spread: +0.019% → −0.026%: $4.46
Slippage, 4 orders: −$19.3
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$11.36
Costs to cover: 0.263%
Break-even: 14.6 days

Slippage from Nado: live order book, 26 min ago; Lighter RH: 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 Nado live order book, 26 min ago	1.00 bp	12.4 bp −$12	24.8 bp −$248	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	0.80 bp	1.4 bp −$1	5.1 bp −$51	40.6 bp −$4,062	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	−0.0244%	4h	501.23	+0.071%	$102K	$243K	10x	as long as short
BloFin MSFT-USDT	−0.0028%	8h	501.33	+0.091%	$189K	$204K	20x	as long as short
Nado MSFT-PERPlong	−0.0018%	1h	500.88	long leg	$414K	$64K	20x
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	500.76	−0.023%	$684K	$449K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.29	+0.084%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.05	+0.034%	$342K	$894K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.17	+0.059%	$15.6M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.07	+0.039%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.24	+0.073%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	500.88	+0.001%	$3.1M	$1.6M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	501.17	+0.059%	$4.3M	$2.4M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.24	+0.072%	$1.3M	$677K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.20	+0.066%	$19K	$294K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	501.93	+0.211%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.02	+0.029%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.38	+0.101%	$2.2M	$757K	10x	as long as short
Lighter RH MSFTshort	+0.0032%	1h	500.97	+0.019%	$618K	$2.0M	20x
QFEX MSFT-USD	+0.0038%	1h	501.18	+0.061%	$1.1M	$5.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.05	+0.035%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.06	+0.037%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.90	+0.005%	$22.1M	$9.2M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.88	+0.001%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.03	+0.031%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	501.06	+0.037%	$220	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	500.85	−0.005%	$513K	$503K	15x	as long as short
Phoenix MSFT	+0.0080%	1h	501.10	+0.045%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	500.81	−0.013%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.67	−0.041%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.09	+0.043%	$8K	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0104%	1h	500.88	+0.001%	$32K	$8K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.04	+0.033%	$55	—	10x	as long as short
Lighter MSFT	+0.0120%	1h	501.24	+0.073%	$1.1M	$489K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0169%	1h	501.01	+0.027%	$27K	$41K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.56	+0.137%	$115K	$45K	30x	as long as short