Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against Lighter RH−0.030%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$170.166% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 7 days+0.004%$0 · spread now −0.030%, 7d avg −0.027%
=Together, before fees+0.047%+ Points / potential airdropLighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$1 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 | 503.39 | 0.0032 | pay 0.0004% / 1h | 8m 56s | $706K | $1.9M | 20x |
| Short | Polymarket Perps MSFT-USD | 503.24 | 0.0050 | get 0.0006% / 1h | 8m 56s | $303K | $717K | 10x |
Lighter RH MSFT
Polymarket Perps MSFT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $3.78
- Price spread: −0.030% → −0.027%
- −$0.24
- Slippage, 4 orders
- −$8.59
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$13.06
- Costs to cover
- 0.166%
- Break-even
- 31.2 days
Slippage from Lighter RH: live order book, 4 min ago; Polymarket Perps: live order book, 29 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, 4 min ago | 1.49 bp | 2.0 bp −$2 | 4.9 bp −$49 | 39.2 bp −$3,921 | doesn't fit |
| Sell Polymarket Perps live order book, 29 min ago | 2.09 bp | 6.9 bp −$7 | 7.1 bp −$71 | 8.0 bp −$804 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERP | −0.0053% | 1h | 503.40 | +0.002% | $414K | $67K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.0003% | 1h | 503.12 | −0.054% | $22.4M | $8.8M | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.50 | +0.022% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.47 | +0.015% | $339K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.58 | +0.038% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.26 | −0.026% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.53 | +0.028% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.30 | −0.018% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.54 | +0.030% | $3.8M | $2.9M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 503.50 | +0.021% | $1.3M | $402K | — | as long as short |
Nado MSFT-PERP
tradeXYZ xyz:MSFT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.61 | +0.043% | $19K | $320K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.35 | +0.191% | $6K | $3.8M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.34 | −0.010% | $27K | $44K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 503.07 | −0.064% | $687K | $454K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.47 | +0.016% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.68 | +0.058% | $2.2M | $818K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0026% | 8h | 503.57 | +0.036% | $191K | $206K | 20x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 503.49 | +0.020% | $1.2M | $532K | 20x | as long as short |
| Lighter RH MSFTlong | +0.0032% | 1h | 503.39 | long leg | $706K | $1.9M | 20x | |
| QFEX MSFT-USD | +0.0037% | 1h | 503.53 | +0.028% | $1.1M | $4.6M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.33 | −0.012% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.66 | +0.054% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USDshort | +0.0050% | 1h | 503.24 | −0.030% | $303K | $717K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.31 | −0.016% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.17 | −0.044% | $512K | $428K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 503.44 | +0.009% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.38 | −0.002% | $11K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0064% | 1h | 503.12 | −0.054% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.00 | −0.077% | $1.6M | $73K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.16 | −0.046% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.46 | +0.014% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.49 | +0.019% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.80 | +0.081% | $115K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0771% | 4h | 503.52 | +0.025% | $102K | $242K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
Hotstuff MSFT-PERP
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC