Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.020%
Price spread now: ApeX Omni against Lighter RH−0.018%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.018%, 7d avg −0.016%
=Together, before fees+0.157%+ Points / potential airdropLighter RH: Points live · farm board+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MSFT | 501.16 | 0.0032 | pay 0.0004% / 1h | 57m 27s | $617K | $2.0M | 20x |
| Short | ApeX Omni MSFTUSDT | 501.07 | 0.0100 | get 0.0013% / 1h | 57m 27s | $159K | $7K | 50x |
Lighter RH MSFT
ApeX Omni MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter RH. 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
- $14.28
- Price spread: −0.018% → −0.016%
- −$0.19
- Slippage, 4 orders
- −$13.23
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$9.14
- Costs to cover
- 0.232%
- Break-even
- 11.5 days
Slippage from Lighter RH: live order book, 5 min ago; ApeX Omni: live order book, 8 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 RH live order book, 5 min ago | 1.30 bp | 1.4 bp −$1 | 4.5 bp −$45 | 44.2 bp −$4,416 | doesn't fit |
| Sell ApeX Omni live order book, 8 min ago | 5.09 bp | 10.1 bp −$10 | 55.6 bp −$556 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0451% | 4h | 501.22 | +0.013% | $102K | $244K | 10x | as long as short |
| Nado MSFT-PERP | −0.0130% | 1h | 501.20 | +0.009% | $414K | $64K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.0049% | 1h | 500.98 | −0.036% | $27K | $41K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.0020% | 1h | 500.84 | −0.064% | $22.1M | $9.2M | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0016% | 1h | 500.76 | −0.080% | $684K | $449K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.41 | +0.050% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.11 | −0.009% | $342K | $905K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.30 | +0.028% | $15.6M | $18.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.12 | −0.008% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.21 | +0.010% | $3.0M | $2.3M | 20x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
tradeXYZ xyz:MSFT
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 501.02 | −0.028% | $3.1M | $1.6M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.37 | +0.042% | $3.8M | $2.1M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 501.26 | +0.019% | $1.3M | $690K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.25 | +0.018% | $18K | $292K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.08 | +0.184% | $6K | $4.1M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.23 | +0.014% | $58K | $227K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.39 | +0.046% | $2.2M | $758K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0029% | 8h | 501.24 | +0.016% | $188K | $205K | 20x | as long as short |
| Lighter RH MSFTlong | +0.0032% | 1h | 501.16 | long leg | $617K | $2.0M | 20x | |
| QFEX MSFT-USD | +0.0038% | 1h | 501.09 | −0.014% | $1.2M | $5.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 501.08 | −0.016% | $97K | $109K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.11 | −0.010% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 500.81 | −0.070% | $302K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.17 | +0.002% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 500.78 | −0.076% | $514K | $503K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.12 | −0.008% | $220 | — | 5x | as long as short |
| Lighter MSFT | +0.0056% | 1h | 501.34 | +0.036% | $1.1M | $485K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0056% | 1h | 500.84 | −0.064% | $32K | $8K | 20x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 500.90 | −0.052% | $10K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.16 | 0.000% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.0100% | 1h | 501.07 | −0.018% | $159K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.19 | +0.006% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.15 | −0.001% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.54 | +0.076% | $115K | $45K | 30x | as long as short |
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Lighter MSFT
Hotstuff MSFT-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP