data as of
Settings8H · net · $10k
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Funding arb /

MSFT

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 18:00 UTC−0.0120%/8h
next payment, per $10,000−$0.15paid, last 24h−0.013%paid, last 7 days−0.137%to open and close $10k−$20
Long on LighterShort on Coinbase International
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MSFT499.510.0064pay 0.0008% / 1h48m 46s$1.1M$537K20x
ShortCoinbase International MSFT-PERP-INTX499.03−0.0056pay 0.0007% / 1h48m 46s$678K$355K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$25.2
Slippage, 4 orders
−$9.89
Fee Lighter: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$45.09
Break-even
never at this rate
Slippage from Lighter: live order book, 4 min ago; Coinbase International: live order book, 51 min ago.

Price risk

price view
Price gap now
−0.096%
Avg gap 7d
−0.106%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 4 min ago1.10 bp2.3 bp −$27.7 bp −$77doesn't fitdoesn't fit
Sell Coinbase International live order book, 51 min ago1.51 bp8.5 bp −$911.0 bp −$110doesn't fitdoesn't fit

MSFT on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
edgeX MSFTUSDC−0.0722%4h$102K$244K10xas long as short
Coinbase International MSFT-PERP-INTXshort−0.0056%1h$678K$355K10x
Nado MSFT-PERP−0.0023%1h$448K$24K20xas long as short
Aster MSFTUSDT0.0000%8h$157K$80K20xas long as short
Extended MSFT_24_5-USD0.0000%1h$372K$410K17xas long as short
Binance MSFTUSDT0.0000%8h$15.6M$16.7M20xas long as short
Bybit MSFTUSDT0.0000%8h$7.3M$1.5M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h$3.1M$2.1M20xas long as short
Gate MSFT_USDT0.0000%8h$3.1M$1.4M100xas long as short
Variational Omni MSFT0.0000%8h$1.3M$717K—as long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
SunX MSFT-USDT0.0000%8h$6K$4.3M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h$27K$114K10xas long as short
HTX MSFT-USDT0.0000%8h$58K$230K20xas long as short
Phemex MSFTUSDT0.0000%8h$2.1M$644K10xas long as short
Bitget MSFTUSDT+0.0005%8h$3.7M$1.7M100xas long as short
BloFin MSFT-USDT+0.0020%8h$193K$186K20xas long as short
Lighter RH MSFT+0.0032%1h$660K$2.1M20xas long as short
QFEX MSFT-USD+0.0044%1h$1.2M$4.6M10xas long as short
Vest MSFT-USD-PERP+0.0046%1h——25xas long as short
Phoenix MSFT+0.0048%1h$10K$15K20xas long as short
tradeXYZ xyz:MSFT+0.0050%1h$21.8M$8.6M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h$302K$444K10xas long as short
SoDEX MSFT-USD+0.0050%1h$60K$3K10xas long as short
Paradex MSFT-USD-PERP+0.0050%8h$220—5xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h$510K$451K15xas long as short
Lighter MSFTlong+0.0064%1h$1.1M$537K20x
KuCoin MSFTUSDTM+0.0100%8h$1.5M$10K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h$159K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h$8K—10xas long as short
Aevo MSFT-PERP+0.0104%1h$55—10xas long as short
Hotstuff MSFT-PERP+0.0112%1h$40K—20xas long as short
Injective MSFT/USDC PERP+0.0220%1h$115K$88K30xas long as short
Arcus MSFT-USD+0.0573%1h$111K$75K10xas long as short