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

MSFT

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Funding spread now, next payment 15:00 UTC+0.0180%/8h
next payment, per $10,000+$0.23paid, last 24h+0.046%paid, last 7 days+0.340%to open and close $10k−$26
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MSFT494.230.0040pay 0.0005% / 1h28m 43s$1.1M$523K20x
ShortInjective MSFT/USDC PERP494.740.0220get 0.0028% / 1h28m 43s$113K$184K30x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$37.8
Slippage, 4 orders
−$25.82
Fee Lighter: 0 bp × 2 orders
$0
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$11.96
Break-even
4.8 days
Slippage from Lighter: live order book, 4 min ago; Injective: live order book, 27 min ago.

Price risk

price view
Price gap now
+0.103%
Avg gap 7d
−0.050%
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 ago1.11 bp2.9 bp −$310.3 bp −$103doesn't fitdoesn't fit
Sell Injective live order book, 27 min ago9.98 bp10.0 bp −$1010.0 bp −$100doesn't fitdoesn't fit

MSFT on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hotstuff MSFT-PERP−0.1296%1h$40K20xas long as short
edgeX MSFTUSDC−0.0989%4h$101K$245K10xas long as short
Nado MSFT-PERP−0.0017%1h$458K$3K20xas long as short
Coinbase International MSFT-PERP-INTX−0.0016%1h$662K$328K10xas long as short
Aster MSFTUSDT0.0000%8h$153K$63K20xas long as short
Extended MSFT_24_5-USD0.0000%1h$329K$380K17xas long as short
Binance MSFTUSDT0.0000%8h$15.7M$12.1M20xas long as short
Bybit MSFTUSDT0.0000%8h$7.2M$946K100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h$3.0M$895K20xas long as short
Gate MSFT_USDT0.0000%8h$3.0M$974K100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget MSFTUSDT0.0000%8h$3.8M$1.5M100xas long as short
Variational Omni MSFT0.0000%8h$1.3M$665Kas long as short
SunX MSFT-USDT0.0000%8h$6K$3.5M20xas long as short
Deribit MSFT_USDC-PERPETUAL0.0000%1h$27K$98K10xas long as short
HTX MSFT-USDT0.0000%8h$58K$230K20xas long as short
Phemex MSFTUSDT0.0000%8h$2.1M$425K10xas long as short
BloFin MSFT-USDT+0.0001%8h$191K$125K20xas long as short
Phoenix MSFT+0.0016%1h$10K$15K20xas long as short
Lighter RH MSFT+0.0032%1h$686K$2.1M20xas long as short
QFEX MSFT-USD+0.0038%1h$1.1M$3.2M10xas long as short
Lighter MSFTlong+0.0040%1h$1.1M$523K20x
Vest MSFT-USD-PERP+0.0046%1h25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h$23.2M$5.9M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h$288K$415K10xas long as short
SoDEX MSFT-USD+0.0050%1h$59K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h$539K$369K15xas long as short
Paradex MSFT-USD-PERP+0.0052%8h$2175xas long as short
KuCoin MSFTUSDTM+0.0100%8h$1.5M$6K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h$157K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h$8K10xas long as short
Aevo MSFT-PERP+0.0104%1h$5410xas long as short
Arcus MSFT-USD+0.0151%1h$112K$49K10xas long as short
Injective MSFT/USDC PERPshort+0.0220%1h$113K$184K30x