data as of
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Funding arb /

MSFT

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Funding spread now, next payment 14:00 UTC−0.0068%/8h
paid, last 24h−0.010%paid, last 5 days−0.027%to open and closeno order book
Long on OrderlyShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_MSFT_USDC_mythos495.570.0100pay 0.0100% / 8h2h 30m$8K—10x
ShortLighter MSFT495.210.0032get 0.0004% / 1h30m 34s$1.1M$464K20x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$14.28
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Lighter: 0 bp × 2 orders
$0
Net
−$20.28
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 2 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.073%
Avg gap 7d
—
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 Orderly no order-book sample—————
Sell Lighter live order book, 2 min ago1.01 bp2.7 bp −$35.7 bp −$57doesn't fitdoesn't fit
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSFT on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hotstuff MSFT-PERP−0.1600%1h$40K—20xas long as short
BloFin MSFT-USDT−0.0014%8h$190K$104K20xas long as short
Coinbase International MSFT-PERP-INTX−0.0008%1h$665K$315K10xas long as short
Nado MSFT-PERP−0.0007%1h$460K$1K20xas long as short
Aster MSFTUSDT0.0000%8h$150K$4K20xas long as short
Extended MSFT_24_5-USD0.0000%1h$335K$365K17xas long as short
Binance MSFTUSDT0.0000%8h$15.8M$7.2M20xas long as short
Bybit MSFTUSDT0.0000%8h$7.2M$695K100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h$2.9M$401K20xas long as short
Gate MSFT_USDT0.0000%8h$3.0M$791K100xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget MSFTUSDT0.0000%8h$3.6M$1.1M100xas long as short
Variational Omni MSFT0.0000%8h$1.3M$620K—as long as short
SunX MSFT-USDT0.0000%8h$6K$2.3M20xas long as short
HTX MSFT-USDT0.0000%8h$57K$231K20xas long as short
Phemex MSFTUSDT0.0000%8h$2.0M$345K10xas long as short
Lighter MSFTshort+0.0032%1h$1.1M$464K20x
Lighter RH MSFT+0.0032%1h$673K$2.6M20xas long as short
Phoenix MSFT+0.0032%1h$10K$15K20xas long as short
QFEX MSFT-USD+0.0038%1h$1.2M$2.9M10xas long as short
Vest MSFT-USD-PERP+0.0046%1h——25xas long as short
tradeXYZ xyz:MSFT+0.0050%1h$23.4M$5.2M20xas long as short
Polymarket Perps MSFT-USD+0.0050%1h$289K$212K10xas long as short
SoDEX MSFT-USD+0.0050%1h$59K$3K10xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h$530K$326K15xas long as short
Paradex MSFT-USD-PERP+0.0051%8h$218—5xas long as short
Deribit MSFT_USDC-PERPETUAL+0.0093%1h$23K$89K10xas 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_mythoslong+0.0100%8h$8K—10x
Aevo MSFT-PERP+0.0104%1h$55—10xas long as short
Injective MSFT/USDC PERP+0.0220%1h$113K$173K30xas long as short
Arcus MSFT-USD+0.0298%1h$112K$49K10xas long as short
edgeX MSFTUSDC+0.0318%4h$101K$244K10xas long as short