MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.006%

Price spread now: Lighter RH against Ondo Perps+0.020%7-day average +0.033% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.020%, 7d avg +0.033%

Together, before fees+0.076%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, 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	Ondo Perps MSFT-USD.P	500.83	0.0050	pay 0.0006% / 1h	8m 15s	$516K	$494K	15x
Short	Lighter RH MSFT	500.93	0.0032	get 0.0004% / 1h	8m 15s	$683K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Ondo Perps. 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 Ondo PerpsbpFee Lighter RHbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$3.86
Price spread: +0.020% → +0.033%: −$1.28
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$10.14
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 5 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 5 min ago	1.60 bp	3.2 bp −$3	6.0 bp −$60	41.8 bp −$4,177	doesn't fit

Ondo Perps: 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	−0.0064%	1h	500.97	+0.028%	$678K	$458K	10x	as long as short
Nado MSFT-PERP	−0.0033%	1h	500.93	+0.021%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	−0.0002%	8h	501.22	+0.078%	$189K	$204K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.28	+0.089%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.03	+0.039%	$337K	$892K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.14	+0.063%	$15.7M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	500.91	+0.016%	$7.2M	$2.1M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.32	+0.098%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.02	+0.038%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.21	+0.076%	$4.5M	$2.5M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.10	+0.053%	$1.3M	$647K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.24	+0.081%	$18K	$299K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	501.92	+0.218%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	500.86	+0.006%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	500.97	+0.028%	$58K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.49	+0.132%	$2.2M	$773K	10x	as long as short
QFEX MSFT-USD	+0.0030%	1h	501.06	+0.046%	$1.1M	$5.6M	10x	as long as short
Lighter RH MSFTshort	+0.0032%	1h	500.93	+0.020%	$683K	$2.0M	20x
Arcus MSFT-USD	+0.0040%	1h	500.96	+0.026%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	500.98	+0.030%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	500.72	−0.022%	$22.1M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	500.76	−0.014%	$301K	$648K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.01	+0.036%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.Plong	+0.0050%	1h	500.83	long leg	$516K	$494K	15x
Paradex MSFT-USD-PERP	+0.0057%	8h	501.07	+0.048%	$220	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	500.87	+0.008%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.02	+0.038%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	500.78	−0.010%	$159K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.05	+0.044%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.03	+0.039%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0128%	1h	500.76	−0.014%	$32K	$8K	20x	as long as short
Lighter MSFT	+0.0168%	1h	501.25	+0.084%	$1.1M	$479K	20x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.73	+0.180%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0709%	4h	501.11	+0.055%	$102K	$242K	10x	as long as short