MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.05 per $10,000 · paid last 24h −0.004%

Price spread now: Lighter RH against tradeXYZ+0.046%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on tradeXYZ Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.020%+$2 · spread now +0.046%, 7d avg +0.047%

Together, before fees+0.018%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, 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	502.82	−0.0005	get 0.0001% / 1h	14m 28s	$22.2M	$8.8M	20x
Short	Lighter RH MSFT	503.05	0.0032	get 0.0004% / 1h	14m 28s	$680K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.046%Rate

Funding earned: $7.76
Price spread: +0.046% → +0.047%: −$0.11
Slippage, 4 orders: −$5.57
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$15.92
Costs to cover: 0.236%
Break-even: 21.4 days

Slippage from tradeXYZ: live order book, 4 min ago; Lighter RH: live order book, 3 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, 4 min ago	0.10 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.79 bp	1.8 bp −$2	4.3 bp −$43	40.6 bp −$4,060	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	+0.053%	$102K	$244K	10x	as long as short
Nado MSFT-PERP	−0.0108%	1h	503.12	+0.059%	$415K	$64K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0088%	1h	502.75	−0.014%	$27K	$42K	10x	as long as short
Hotstuff MSFT-PERP	−0.0040%	1h	502.83	+0.002%	$32K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0032%	1h	502.66	−0.032%	$680K	$451K	10x	as long as short
BloFin MSFT-USDT	−0.0012%	8h	503.16	+0.068%	$189K	$205K	20x	as long as short
tradeXYZ xyz:MSFTlong	−0.0005%	1h	502.82	long leg	$22.2M	$8.8M	20x
Aster MSFTUSDT	0.0000%	8h	503.06	+0.048%	$162K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.06	+0.049%	$339K	$884K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.15	+0.065%	$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	502.92	+0.020%	$7.2M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.36	+0.107%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	502.99	+0.034%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.13	+0.062%	$4.4M	$2.6M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.14	+0.063%	$1.3M	$606K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.20	+0.076%	$19K	$301K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	503.97	+0.229%	$6K	$4.0M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.04	+0.044%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.29	+0.093%	$2.2M	$786K	10x	as long as short
Lighter MSFT	+0.0032%	1h	503.27	+0.089%	$1.1M	$504K	20x	as long as short
Lighter RH MSFTshort	+0.0032%	1h	503.05	+0.046%	$680K	$2.0M	20x
QFEX MSFT-USD	+0.0035%	1h	503.02	+0.040%	$1.1M	$4.9M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	502.86	+0.008%	$96K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.20	+0.076%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	502.88	+0.012%	$11K	$15K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	502.80	−0.004%	$304K	$705K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.06	+0.048%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	503.13	+0.063%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	502.80	−0.004%	$512K	$462K	15x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.85	+0.006%	$1.6M	$55K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	502.84	+0.004%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.03	+0.042%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.04	+0.044%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.08	+0.052%	$115K	$45K	30x	as long as short