Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.025%
Price spread now: Lighter against Gate+0.022%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$300.304% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 7 days−0.049%−$5 · spread now +0.022%, 7d avg −0.010%
=Together, before fees+0.037%+ Points / potential airdropLighter: Season 3 · farm board+$4 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 is 0.032% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSFT_USDT | 503.41 | 0 | get 0.0000% / 8h | 13m 58s | $3.1M | $1.9M | 100x |
| Short | Lighter MSFT | 503.52 | 0.0032 | get 0.0004% / 1h | 13m 58s | $1.2M | $532K | 20x |
Gate MSFT_USDT
Lighter MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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: +0.022% → −0.010%
- $3.2
- Slippage, 4 orders
- −$15.43
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$20.5
- Costs to cover
- 0.304%
- Break-even
- 28.4 days
Slippage from Gate: live order book, 4 min ago; Lighter: live order book, 7 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 Gate live order book, 4 min ago | 4.77 bp | 12.8 bp −$13 | 34.6 bp −$346 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.69 bp | 3.9 bp −$4 | 9.7 bp −$97 | 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 | −0.0111% | 4h | 503.51 | +0.020% | $102K | $244K | 10x | as long as short |
| Nado MSFT-PERP | −0.0051% | 1h | 503.52 | +0.022% | $414K | $67K | 20x | as long as short |
| tradeXYZ xyz:MSFT | −0.0001% | 1h | 503.18 | −0.046% | $22.4M | $8.9M | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.68 | +0.053% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.50 | +0.018% | $339K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.62 | +0.042% | $15.8M | $19.1M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.34 | −0.014% | $7.2M | $2.3M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.63 | +0.044% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDTlong | 0.0000% | 8h | 503.41 | long leg | $3.1M | $1.9M | 100x | |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.62 | +0.042% | $3.8M | $2.9M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
tradeXYZ xyz:MSFT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
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 | 503.60 | +0.037% | $1.3M | $403K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.58 | +0.034% | $19K | $322K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.42 | +0.201% | $6K | $3.8M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.35 | −0.012% | $27K | $44K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 503.16 | −0.050% | $681K | $447K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.46 | +0.010% | $59K | $225K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.69 | +0.056% | $2.2M | $817K | 10x | as long as short |
| BloFin MSFT-USDT | +0.0019% | 8h | 503.62 | +0.042% | $191K | $206K | 20x | as long as short |
| Lighter MSFTshort | +0.0032% | 1h | 503.52 | +0.022% | $1.2M | $532K | 20x | |
| Lighter RH MSFT | +0.0032% | 1h | 503.41 | 0.000% | $708K | $1.9M | 20x | as long as short |
| QFEX MSFT-USD | +0.0037% | 1h | 503.50 | +0.018% | $1.1M | $4.6M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.36 | −0.010% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.73 | +0.064% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.21 | −0.040% | $303K | $717K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.46 | +0.010% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.20 | −0.042% | $513K | $429K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0052% | 8h | 503.55 | +0.028% | $222 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.47 | +0.012% | $11K | $15K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0072% | 1h | 503.18 | −0.046% | $32K | $8K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.95 | −0.091% | $1.6M | $69K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 503.26 | −0.030% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.46 | +0.010% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.50 | +0.018% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.86 | +0.288% | $116K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
BloFin MSFT-USDT
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
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
Injective MSFT/USDC PERP