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

MSFT

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 17:00 UTC−0.0018%/8h
next payment, per $10,000−$0.02paid, last 24h+0.002%paid, last 7 days+0.056%to open and close $10k−$23
Long on tradeXYZShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MSFT496.090.0050pay 0.0006% / 1h7m 41s$22.1M$7.8M20x
ShortLighter MSFT496.430.0032get 0.0004% / 1h7m 41s$1.1M$540K20x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$3.78
Slippage, 4 orders
−$5.14
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Lighter: 0 bp × 2 orders
$0
Net
−$26.92
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; Lighter: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.069%
Avg gap 7d
+0.085%
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 tradeXYZ live order book, 2 min ago0.10 bp10.0 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago0.70 bp1.1 bp −$17.0 bp −$70doesn't fitdoesn't fit

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
Nado MSFT-PERP−0.0003%1h$461K$5K20xas long as short
Aster MSFTUSDT0.0000%8h$156K$80K20xas long as short
Extended MSFT_24_5-USD0.0000%1h$329K$380K17xas long as short
Bybit MSFTUSDT0.0000%8h$7.3M$1.4M100xas long as short
OKX MSFT-USDT-SWAP0.0000%8h$3.0M$1.7M20xas long as short
Gate MSFT_USDT0.0000%8h$3.1M$1.3M100xas long as short
Bitget MSFTUSDT0.0000%8h$3.6M$1.7M100xas long as short
Variational Omni MSFT0.0000%8h$1.2M$709K—as long as short
SunX MSFT-USDT0.0000%8h$6K$4.4M20xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit MSFT_USDC-PERPETUAL0.0000%1h$27K$112K10xas long as short
Coinbase International MSFT-PERP-INTX0.0000%1h$668K$343K10xas long as short
HTX MSFT-USDT0.0000%8h$58K$231K20xas long as short
Phemex MSFTUSDT0.0000%8h$2.1M$577K10xas long as short
Binance MSFTUSDT+0.0003%8h$15.6M$15.3M20xas long as short
BloFin MSFT-USDT+0.0011%8h$190K$170K20xas long as short
Lighter MSFTshort+0.0032%1h$1.1M$540K20x
Lighter RH MSFT+0.0032%1h$660K$2.1M20xas long as short
QFEX MSFT-USD+0.0042%1h$1.1M$4.2M10xas long as short
Vest MSFT-USD-PERP+0.0046%1h——25xas long as short
tradeXYZ xyz:MSFTlong+0.0050%1h$22.1M$7.8M20x
Polymarket Perps MSFT-USD+0.0050%1h$301K$443K10xas long as short
SoDEX MSFT-USD+0.0050%1h$60K$3K10xas long as short
Paradex MSFT-USD-PERP+0.0050%8h$218—5xas long as short
Ondo Perps MSFT-USD.P+0.0050%1h$514K$428K15xas long as short
Phoenix MSFT+0.0065%1h$10K$15K20xas long as short
KuCoin MSFTUSDTM+0.0100%8h$1.5M$9K20xas long as short
ApeX Omni MSFTUSDT+0.0100%1h$158K$7K50xas long as short
Orderly PERP_MSFT_USDC_mythos+0.0100%8h$8K—10xas long as short
Aevo MSFT-PERP+0.0104%1h$55—10xas long as short
Injective MSFT/USDC PERP+0.0220%1h$114K$154K30xas long as short
edgeX MSFTUSDC+0.0391%4h$101K$244K10xas long as short
Arcus MSFT-USD+0.0442%1h$112K$52K10xas long as short