MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h +0.006%

Price spread now: ApeX Omni against Lighter−0.069%78s7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.230% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.069%, 7d avg −0.061%

Together, before fees+0.096%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.098%, so the current rate has only just turned against you. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MSFT	504.04	0.0128	pay 0.0016% / 1h	40m 16s	$1.2M	$514K	20x
Short	ApeX Omni MSFTUSDT	503.69	0.0100	get 0.0013% / 1h	40m 16s	$160K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now −0.069%Rate

Funding earned: −$5.88
Price spread: −0.069% → −0.061%: −$0.83
Slippage, 4 orders: −$12.96
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$29.67
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; ApeX Omni: 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 Lighter live order book, 6 min ago	0.50 bp	0.9 bp −$1	7.2 bp −$72	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 1 min ago	5.07 bp	10.1 bp −$10	64.8 bp −$648	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
Coinbase International MSFT-PERP-INTX	−0.0048%	1h	503.66	−0.075%	$682K	$500K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.73	−0.061%	$162K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.90	−0.027%	$341K	$1.2M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	504.03	−0.002%	$15.8M	$19.6M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.74	−0.060%	$7.3M	$2.3M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	504.06	+0.004%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.75	−0.058%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.00	−0.008%	$3.8M	$3.0M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.95	−0.018%	$1.3M	$499K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.99	−0.010%	$18K	$327K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	504.78	+0.147%	$6K	$3.9M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.68	−0.071%	$27K	$43K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	504.07	+0.006%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.10	+0.012%	$2.2M	$821K	10x	as long as short
BloFin MSFT-USDT	+0.0012%	8h	504.01	−0.006%	$190K	$206K	20x	as long as short
Nado MSFT-PERP	+0.0013%	1h	503.71	−0.065%	$415K	$67K	20x	as long as short
Hotstuff MSFT-PERP	+0.0024%	1h	503.58	−0.091%	$32K	$8K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	503.80	−0.048%	$690K	$2.0M	20x	as long as short
QFEX MSFT-USD	+0.0039%	1h	503.90	−0.028%	$1.1M	$4.8M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.73	−0.062%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.89	−0.030%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.57	−0.093%	$22.4M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.66	−0.075%	$303K	$718K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.78	−0.052%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.57	−0.093%	$522K	$476K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0057%	8h	503.88	−0.031%	$222	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.80	−0.048%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.44	−0.119%	$1.6M	$58K	20x	as long as short
ApeX Omni MSFTUSDTshort	+0.0100%	1h	503.69	−0.069%	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.84	−0.040%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.90	−0.028%	$55	—	10x	as long as short
Lighter MSFTlong	+0.0128%	1h	504.04	long leg	$1.2M	$514K	20x
Injective MSFT/USDC PERP	+0.0220%	1h	504.21	+0.034%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0978%	4h	503.91	−0.025%	$103K	$244K	10x	as long as short