Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against Aster+0.025%7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.025%, 7d avg −0.073%
=Together, before fees−0.086%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.098% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSFTUSDT | 503.79 | 0 | get 0.0000% / 8h | 2h 01m | $162K | $114K | 20x |
| Short | Lighter RH MSFT | 503.92 | 0.0032 | get 0.0004% / 1h | 1m 41s | $711K | $2.0M | 20x |
Aster MSFTUSDT
Lighter RH MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Aster. 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
- $6.72
- Price spread: +0.025% → −0.073%
- $9.8
- Slippage, 4 orders
- −$39.08
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$30.56
- Costs to cover
- 0.471%
- Break-even
- 38.8 days
Slippage from Aster: live order book, 45 min ago; Lighter RH: live order book, 1 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 Aster live order book, 45 min ago | 12.82 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 0.89 bp | 0.9 bp −$1 | 4.0 bp −$40 | 39.1 bp −$3,905 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0418% | 4h | 504.10 | +0.061% | $103K | $243K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0064% | 1h | 503.68 | −0.023% | $32K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 503.75 | −0.009% | $683K | $494K | 10x | as long as short |
| Nado MSFT-PERP | −0.0012% | 1h | 503.79 | −0.001% | $415K | $67K | 20x | as long as short |
| Aster MSFTUSDTlong | 0.0000% | 8h | 503.79 | long leg | $162K | $114K | 20x | |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.94 | +0.028% | $341K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.14 | +0.069% | $15.8M | $19.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.87 | +0.015% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.10 | +0.061% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.83 | +0.007% | $3.1M | $1.8M | 100x | as long as short |
edgeX MSFTUSDC
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSFTUSDT | 0.0000% | 8h | 504.14 | +0.069% | $3.8M | $3.0M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 504.10 | +0.060% | $1.3M | $499K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.25 | +0.091% | $18K | $324K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.91 | +0.221% | $6K | $3.9M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.98 | +0.037% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.32 | +0.104% | $2.2M | $815K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.97 | +0.035% | $11K | $15K | 20x | as long as short |
| BloFin MSFT-USDT | +0.0017% | 8h | 504.17 | +0.074% | $188K | $207K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0028% | 1h | 503.83 | +0.007% | $27K | $43K | 10x | as long as short |
| Lighter RH MSFTshort | +0.0032% | 1h | 503.92 | +0.025% | $711K | $2.0M | 20x | |
| QFEX MSFT-USD | +0.0036% | 1h | 504.08 | +0.057% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.89 | +0.019% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.01 | +0.043% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.69 | −0.021% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.78 | −0.003% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.89 | +0.019% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.68 | −0.023% | $522K | $476K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0058% | 8h | 503.98 | +0.037% | $222 | — | 5x | as long as short |
| Lighter MSFT | +0.0096% | 1h | 504.12 | +0.065% | $1.2M | $516K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.63 | −0.033% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.77 | −0.005% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.01 | +0.043% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.02 | +0.046% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.48 | +0.136% | $116K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
BloFin MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Lighter MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP