MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.013%

Price spread now: Lighter against Extended+0.020%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$140.138% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.020%, 7d avg +0.003%

Together, before fees+0.076%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSFT_24_5-USD	502.11	0	get 0.0000% / 1h	31m 26s	$371K	$368K	17x
Short	Lighter MSFT	502.21	0.0072	get 0.0009% / 1h	31m 26s	$1.1M	$660K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee LighterbpOrdersPrice spread, now +0.020%Rate

Funding earned: $15.12
Price spread: +0.020% → +0.003%: $1.7
Slippage, 4 orders: −$8.78
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $3.04
Costs to cover: 0.138%
Break-even: 5.6 days

Slippage from Extended: live order book, 16 min ago; Lighter: live order book, 5 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 Extended live order book, 16 min ago	0.10 bp	5.3 bp −$5	30.0 bp −$300	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.10 bp	0.5 bp $0	4.8 bp −$48	doesn't fit	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	−0.0247%	4h	502.06	−0.010%	$102K	$243K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0056%	1h	501.71	−0.079%	$689K	$431K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.82	−0.057%	$160K	$114K	20x	as long as short
Extended MSFT_24_5-USDlong	0.0000%	1h	502.11	long leg	$371K	$368K	17x
Binance MSFTUSDT	0.0000%	8h	502.14	+0.006%	$15.7M	$19.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	502.24	+0.026%	$7.4M	$1.7M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.20	+0.018%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.87	−0.047%	$3.1M	$1.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.03	−0.015%	$1.3M	$725K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.94	−0.033%	$18K	$340K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.92	+0.162%	$6K	$4.4M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.90	−0.041%	$27K	$115K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.01	−0.019%	$58K	$231K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.40	+0.058%	$2.2M	$742K	10x	as long as short
Nado MSFT-PERP	+0.0003%	1h	501.84	−0.053%	$415K	$62K	20x	as long as short
Bitget MSFTUSDT	+0.0004%	8h	502.14	+0.007%	$3.9M	$2.1M	100x	as long as short
BloFin MSFT-USDT	+0.0010%	8h	502.07	−0.007%	$190K	$208K	20x	as long as short
Hotstuff MSFT-PERP	+0.0016%	1h	501.82	−0.057%	$32K	$8K	20x	as long as short
QFEX MSFT-USD	+0.0031%	1h	502.14	+0.007%	$1.1M	$5.6M	10x	as long as short
Lighter RH MSFT	+0.0032%	1h	502.04	−0.013%	$659K	$2.2M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	502.03	−0.015%	—	—	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.81	−0.059%	$22.2M	$9.9M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.80	−0.061%	$304K	$676K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.08	−0.005%	$60K	$3K	10x	as long as short
Paradex MSFT-USD-PERP	+0.0050%	8h	502.15	+0.009%	$221	—	5x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.56	−0.109%	$515K	$479K	15x	as long as short
Phoenix MSFT	+0.0064%	1h	502.03	−0.015%	$11K	$15K	20x	as long as short
Lighter MSFTshort	+0.0072%	1h	502.21	+0.020%	$1.1M	$660K	20x
KuCoin MSFTUSDTM	+0.0100%	8h	501.64	−0.093%	$1.5M	$18K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.51	−0.119%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.13	+0.005%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.14	+0.006%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.99	−0.023%	$115K	$45K	30x	as long as short
Arcus MSFT-USD	+0.0301%	1h	502.13	+0.005%	$109K	$78K	10x	as long as short