MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h +0.010%

Price spread now: Lighter against tradeXYZ+0.091%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days+0.019%+$2 · spread now +0.091%, 7d avg +0.084%

Together, before fees+0.061%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.084%, 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	tradeXYZ xyz:MSFT	502.83	−0.0007	get 0.0001% / 1h	15m 18s	$22.2M	$8.8M	20x
Short	Lighter MSFT	503.29	0.0032	get 0.0004% / 1h	15m 18s	$1.1M	$504K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against tradeXYZ. 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 tradeXYZbpFee LighterbpOrdersPrice spread, now +0.091%Rate

Funding earned: $8.16
Price spread: +0.091% → +0.084%: $0.74
Slippage, 4 orders: −$3.84
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.93
Costs to cover: 0.218%
Break-even: 18.1 days

Slippage from tradeXYZ: live order book, 3 min ago; Lighter: 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 tradeXYZ live order book, 3 min ago	0.10 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 1 min ago	0.50 bp	1.5 bp −$1	4.6 bp −$46	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	−0.0667%	4h	503.09	+0.051%	$102K	$244K	10x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0128%	1h	502.84	+0.002%	$27K	$42K	10x	as long as short
Nado MSFT-PERP	−0.0107%	1h	503.12	+0.058%	$415K	$64K	20x	as long as short
Hotstuff MSFT-PERP	−0.0040%	1h	502.83	0.000%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	502.66	−0.034%	$680K	$451K	10x	as long as short
BloFin MSFT-USDT	−0.0012%	8h	503.16	+0.066%	$189K	$205K	20x	as long as short
tradeXYZ xyz:MSFTlong	−0.0007%	1h	502.83	long leg	$22.2M	$8.8M	20x
Aster MSFTUSDT	0.0000%	8h	503.12	+0.058%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.06	+0.047%	$339K	$884K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.21	+0.075%	$15.8M	$19.2M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MSFTUSDT	0.0000%	8h	503.00	+0.034%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.36	+0.105%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.01	+0.036%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.20	+0.074%	$4.4M	$2.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.14	+0.061%	$1.3M	$606K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.20	+0.074%	$19K	$301K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.97	+0.227%	$6K	$4.0M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.04	+0.042%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.29	+0.091%	$2.2M	$786K	10x	as long as short
Lighter MSFTshort	+0.0032%	1h	503.29	+0.091%	$1.1M	$504K	20x
Lighter RH MSFT	+0.0032%	1h	503.05	+0.044%	$680K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0035%	1h	503.07	+0.048%	$1.1M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	502.85	+0.004%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.20	+0.074%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	502.88	+0.010%	$11K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	502.80	−0.006%	$304K	$705K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.06	+0.046%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	503.13	+0.060%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	502.74	−0.018%	$512K	$462K	15x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.81	−0.004%	$1.6M	$55K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	502.84	+0.002%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.06	+0.046%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.12	+0.057%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.08	+0.050%	$115K	$45K	30x	as long as short