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

MSFT

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Funding spread now, next payment 16:00 UTC+0.0188%/8h
next payment, per $10,000+$0.24paid, last 24h+0.055%paid, last 7 days+0.374%to open and close $10k−$24
Long on Lighter RHShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH MSFT492.690.0032pay 0.0004% / 1h34m 16s$685K$2.0M20x
ShortInjective MSFT/USDC PERP493.400.0220get 0.0028% / 1h34m 16s$113K$154K30x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$39.48
Slippage, 4 orders
−$23.98
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$15.48
Break-even
4.3 days
Slippage from Lighter RH: live order book, 5 min ago; Injective: live order book, 16 min ago.

Price risk

price view
Price gap now
+0.144%
Avg gap 7d
−0.004%
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 RH live order book, 5 min ago1.72 bp2.2 bp −$24.7 bp −$4747.3 bp −$4,733doesn't fit
Sell Injective live order book, 16 min ago9.94 bp9.9 bp −$109.9 bp −$99doesn't fitdoesn't fit

MSFT on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Coinbase International MSFT-PERP-INTX−0.0008%1h$663K$333K10xas long as short
Nado MSFT-PERP−0.0002%1h$458K$4K20xas long as short
Aster MSFTUSDT0.0000%8h$151K$80K20xas long as short
Extended MSFT_24_5-USD0.0000%1h$327K$380K17xas long as short
Bybit MSFTUSDT0.0000%8h$7.4M$1.1M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h$3.1M$1.4M20xas long as short
Gate MSFT_USDT0.0000%8h$3.0M$1.0M100xas long as short
Bitget MSFTUSDT0.0000%8h$3.7M$1.6M100xas long as short
Variational Omni MSFT0.0000%8h$1.2M$690K—as long as short
SunX MSFT-USDT0.0000%8h$6K$3.9M20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit MSFT_USDC-PERPETUAL0.0000%1h$27K$104K10xas long as short
HTX MSFT-USDT0.0000%8h$58K$230K20xas long as short
Phemex MSFTUSDT0.0000%8h$2.1M$485K10xas long as short
Binance MSFTUSDT+0.0002%8h$15.7M$13.1M20xas long as short
BloFin MSFT-USDT+0.0023%8h$197K$143K20xas long as short
Lighter MSFT+0.0032%1h$1.1M$529K20xas long as short
Lighter RH MSFTlong+0.0032%1h$685K$2.0M20x
Vest MSFT-USD-PERP+0.0046%1h——25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h$23.1M$6.1M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h$287K$472K10xas long as short
SoDEX MSFT-USD+0.0050%1h$59K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h$536K$373K15xas long as short
Paradex MSFT-USD-PERP+0.0052%8h$217—5xas long as short
QFEX MSFT-USD+0.0052%1h$1.1M$3.4M10xas long as short
Hotstuff MSFT-PERP+0.0056%1h$40K—20xas long as short
Phoenix MSFT+0.0065%1h$10K$15K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h$1.4M$7K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h$157K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h$8K—10xas long as short
Aevo MSFT-PERP+0.0104%1h$54—10xas long as short
Injective MSFT/USDC PERPshort+0.0220%1h$113K$154K30x
Arcus MSFT-USD+0.0325%1h$112K$48K10xas long as short
edgeX MSFTUSDC+0.0364%4h$100K$244K10xas long as short