Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.006%
Price spread now: Lighter against Vest+0.022%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVest: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.022% dearer against Vest than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSFT-USD-PERP | 501.53 | 0.0046 | pay 0.0006% / 1h | 21m 53s | — | $1K | 25x |
| Short | Lighter MSFT | 501.64 | 0.0096 | get 0.0012% / 1h | 21m 53s | $1.1M | $486K | 20x |
Vest MSFT-USD-PERP
Lighter MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Vest. 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
- $10.57
- Price spread: +0.022% → 0.000%
- $2.19
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $10.76
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 1.10 bp | 2.6 bp −$3 | 6.6 bp −$66 | doesn't fit | doesn't fit |
Vest: 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 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 | −0.0336% | 4h | 501.89 | +0.073% | $102K | $242K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0019% | 8h | 501.72 | +0.038% | $188K | $205K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 501.24 | −0.058% | $685K | $453K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.52 | −0.002% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.35 | −0.037% | $337K | $1.0M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.46 | −0.014% | $15.7M | $18.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.39 | −0.028% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.61 | +0.016% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.32 | −0.042% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.55 | +0.004% | $3.8M | $2.1M | 100x | as long as short |
edgeX MSFTUSDC
BloFin MSFT-USDT
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 501.86 | +0.066% | $1.3M | $690K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.95 | +0.084% | $19K | $289K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.38 | +0.169% | $6K | $4.1M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 501.29 | −0.048% | $27K | $41K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.54 | +0.002% | $58K | $227K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.60 | +0.014% | $2.2M | $759K | 10x | as long as short |
| Nado MSFT-PERP | +0.0007% | 1h | 501.27 | −0.052% | $414K | $64K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.41 | −0.024% | $619K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0044% | 1h | 501.59 | +0.012% | $1.1M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERPlong | +0.0046% | 1h | 501.53 | long leg | — | $1K | 25x | |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.15 | −0.076% | $22.2M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.22 | −0.062% | $303K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.51 | −0.004% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.07 | −0.092% | $528K | $502K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.53 | 0.000% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.70 | +0.034% | $10K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0088% | 1h | 501.29 | −0.048% | $32K | $8K | 20x | as long as short |
| Lighter MSFTshort | +0.0096% | 1h | 501.64 | +0.022% | $1.1M | $486K | 20x | |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 501.36 | −0.034% | $1.5M | $19K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.56 | +0.006% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.46 | −0.014% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.51 | −0.005% | $55 | — | 10x | as long as short |
| Arcus MSFT-USD | +0.0212% | 1h | 501.64 | +0.022% | $97K | $109K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.82 | +0.058% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
HTX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
Lighter RH MSFT
QFEX MSFT-USD
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
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
Arcus MSFT-USD
Injective MSFT/USDC PERP