Funding you earn now, next payment 02:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.08 per $10,000 · paid last 24h −0.009%
Price spread now: Lighter against ApeX Omni+0.102%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$230.226% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.102%, 7d avg +0.060%
=Together, before fees−0.129%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.042% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.060%. Mind the row above: over the last 7 days funding on this pair cost −0.102%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSFTUSDT | 501.29 | 0.0100 | pay 0.0013% / 1h | 15m 03s | $160K | $7K | 50x |
| Short | Lighter MSFT | 501.80 | 0.0160 | get 0.0020% / 1h | 15m 03s | $1.1M | $489K | 20x |
ApeX Omni MSFTUSDT
Lighter MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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
- $12.6
- Price spread: +0.102% → +0.060%
- $4.16
- Slippage, 4 orders
- −$12.56
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$5.8
- Costs to cover
- 0.226%
- Break-even
- 10.2 days
Slippage from ApeX Omni: live order book, 51 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 ApeX Omni live order book, 51 min ago | 5.09 bp | 10.1 bp −$10 | 61.3 bp −$613 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 0.50 bp | 1.3 bp −$1 | 6.0 bp −$60 | doesn't fit | doesn't fit |
MSFT on 33 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 | −0.0016% | 1h | 501.22 | −0.014% | $679K | $457K | 10x | as long as short |
| Nado MSFT-PERP | −0.0006% | 1h | 501.52 | +0.046% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.79 | +0.100% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.56 | +0.053% | $337K | $899K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.70 | +0.082% | $15.6M | $18.8M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.72 | +0.086% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.90 | +0.122% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.59 | +0.060% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.68 | +0.078% | $4.5M | $2.5M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.63 | +0.067% | $1.3M | $682K | — | as long as short |
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.75 | +0.092% | $18K | $296K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.46 | +0.233% | $6K | $4.1M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.84 | +0.110% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.00 | +0.142% | $2.2M | $765K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.55 | +0.052% | $627K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0038% | 1h | 501.59 | +0.060% | $1.1M | $5.7M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.50 | +0.042% | $97K | $109K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.71 | +0.084% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.37 | +0.016% | $22.1M | $9.3M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.30 | +0.002% | $303K | $671K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.62 | +0.066% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.46 | +0.034% | $522K | $518K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0055% | 8h | 501.58 | +0.059% | $221 | — | 5x | as long as short |
| Hotstuff MSFT-PERP | +0.0072% | 1h | 501.39 | +0.020% | $32K | $8K | 20x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.60 | +0.062% | $10K | $15K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0089% | 1h | 501.62 | +0.066% | $27K | $41K | 10x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.36 | +0.014% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDTlong | +0.0100% | 1h | 501.29 | long leg | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.63 | +0.068% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.58 | +0.058% | $55 | — | 10x | as long as short |
| Lighter MSFTshort | +0.0160% | 1h | 501.80 | +0.102% | $1.1M | $489K | 20x | |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.78 | +0.098% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0345% | 4h | 501.68 | +0.077% | $102K | $243K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Hotstuff MSFT-PERP
Phoenix MSFT
Deribit MSFT_USDC-PERPETUAL
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC