Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.010%
Price spread now: Lighter against KuCoin+0.036%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1291.292% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 7 days+0.095%+$10 · spread now +0.036%, 7d avg +0.059%
=Together, before fees+0.017%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.023% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSFTUSDTM | 501.46 | 0.0100 | pay 0.0100% / 8h | 7h 23m | $1.5M | $19K | 20x |
| Short | Lighter MSFT | 501.64 | 0.0096 | get 0.0012% / 1h | 23m 20s | $1.1M | $486K | 20x |
KuCoin MSFTUSDTM
Lighter MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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
- −$0.84
- Price spread: +0.036% → +0.059%
- −$2.35
- Slippage, 4 orders
- −$117.22
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$132.41
- Costs to cover
- 1.292%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Lighter: live order book, 3 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 KuCoin live order book, 2 min ago | 9.67 bp | 58.0 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 1.10 bp | 2.6 bp −$3 | 6.6 bp −$66 | 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 | −0.0336% | 4h | 501.89 | +0.087% | $102K | $242K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0019% | 8h | 501.72 | +0.052% | $188K | $205K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 501.24 | −0.044% | $685K | $453K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 501.59 | +0.025% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 501.52 | +0.013% | $337K | $1.0M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 501.63 | +0.034% | $15.7M | $18.7M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 501.57 | +0.022% | $7.4M | $1.6M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 501.79 | +0.066% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.48 | +0.004% | $3.1M | $1.7M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 501.72 | +0.052% | $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 | +0.080% | $1.3M | $690K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 501.95 | +0.098% | $19K | $289K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.47 | +0.201% | $6K | $4.1M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 501.58 | +0.024% | $58K | $227K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 501.74 | +0.056% | $2.2M | $758K | 10x | as long as short |
| Nado MSFT-PERP | +0.0004% | 1h | 501.27 | −0.037% | $414K | $64K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0009% | 1h | 501.35 | −0.022% | $27K | $41K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 501.42 | −0.008% | $619K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0044% | 1h | 501.58 | +0.024% | $1.1M | $5.8M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.54 | +0.016% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.27 | −0.038% | $22.2M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.26 | −0.040% | $303K | $672K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 501.55 | +0.018% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.07 | −0.078% | $528K | $502K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 501.44 | −0.004% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.70 | +0.048% | $10K | $15K | 20x | as long as short |
| Lighter MSFTshort | +0.0096% | 1h | 501.64 | +0.036% | $1.1M | $486K | 20x | |
| KuCoin MSFTUSDTMlong | +0.0100% | 8h | 501.46 | long leg | $1.5M | $19K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.56 | +0.020% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 501.50 | +0.008% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 501.57 | +0.021% | $55 | — | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0144% | 1h | 501.22 | −0.048% | $32K | $8K | 20x | as long as short |
| Arcus MSFT-USD | +0.0212% | 1h | 501.69 | +0.046% | $97K | $109K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 501.82 | +0.072% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Nado MSFT-PERP
Deribit MSFT_USDC-PERPETUAL
Lighter RH MSFT
QFEX 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
Phoenix MSFT
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Hotstuff MSFT-PERP
Arcus MSFT-USD
Injective MSFT/USDC PERP