Funding you earn now, next payment 01:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%
Price spread now: Lighter RH against KuCoin+0.034%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$2042.038% of the position
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.034%, 7d avg +0.017%
=Together, before fees−0.146%+ Points / potential airdropLighter RH: Points live · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.017%, 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 | KuCoin MSFTUSDTM | 501.86 | 0.0100 | pay 0.0100% / 8h | 7h 45m | $1.5M | $19K | 20x |
| Short | Lighter RH MSFT | 502.03 | 0.0032 | get 0.0004% / 1h | 45m 54s | $619K | $2.0M | 20x |
KuCoin MSFTUSDTM
Lighter RH MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$14.28
- Price spread: +0.034% → +0.017%
- $1.73
- Slippage, 4 orders
- −$191.82
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$216.37
- Costs to cover
- 2.038%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 10 min ago; Lighter RH: live order book, 2 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, 10 min ago | 8.48 bp | 108.1 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 1.20 bp | 1.5 bp −$2 | 4.6 bp −$46 | 43.1 bp −$4,312 | 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 | −0.0073% | 4h | 502.20 | +0.067% | $102K | $243K | 10x | as long as short |
| BloFin MSFT-USDT | −0.0029% | 8h | 502.12 | +0.052% | $187K | $207K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 501.57 | −0.058% | $680K | $450K | 10x | as long as short |
| Nado MSFT-PERP | −0.0004% | 1h | 501.83 | −0.005% | $414K | $64K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 502.11 | +0.049% | $161K | $116K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 502.07 | +0.043% | $337K | $648K | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 502.17 | +0.062% | $15.7M | $18.6M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 502.18 | +0.064% | $7.4M | $1.7M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 502.24 | +0.076% | $3.0M | $2.3M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 501.85 | −0.002% | $3.1M | $1.6M | 100x | as long as short |
edgeX MSFTUSDC
BloFin MSFT-USDT
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
Aster MSFTUSDT
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 | 502.19 | +0.066% | $3.8M | $2.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 502.11 | +0.049% | $1.3M | $690K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 502.15 | +0.057% | $19K | $293K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 502.94 | +0.215% | $6K | $4.2M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 502.07 | +0.042% | $58K | $227K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 502.32 | +0.092% | $2.2M | $753K | 10x | as long as short |
| Lighter RH MSFTshort | +0.0032% | 1h | 502.03 | +0.034% | $619K | $2.0M | 20x | |
| QFEX MSFT-USD | +0.0044% | 1h | 502.07 | +0.042% | $1.1M | $5.9M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 501.98 | +0.024% | — | $1K | 25x | as long as short |
| Hotstuff MSFT-PERP | +0.0048% | 1h | 501.81 | −0.010% | $32K | $8K | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 501.80 | −0.012% | $22.3M | $9.1M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 501.80 | −0.012% | $303K | $673K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 502.09 | +0.046% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 501.67 | −0.038% | $528K | $491K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0051% | 8h | 502.00 | +0.028% | $221 | — | 5x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0069% | 1h | 502.01 | +0.030% | $27K | $40K | 10x | as long as short |
| Phoenix MSFT | +0.0080% | 1h | 501.96 | +0.020% | $10K | $15K | 20x | as long as short |
| Lighter MSFT | +0.0096% | 1h | 502.28 | +0.084% | $1.1M | $486K | 20x | as long as short |
| KuCoin MSFTUSDTMlong | +0.0100% | 8h | 501.86 | long leg | $1.5M | $19K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 501.68 | −0.036% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 502.05 | +0.038% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 502.04 | +0.036% | $55 | — | 10x | as long as short |
| Arcus MSFT-USD | +0.0212% | 1h | 501.98 | +0.024% | $97K | $109K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 502.20 | +0.068% | $115K | $45K | 30x | as long as short |
Bitget MSFTUSDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
QFEX MSFT-USD
Vest MSFT-USD-PERP
Hotstuff MSFT-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Deribit MSFT_USDC-PERPETUAL
Phoenix MSFT
Lighter MSFT
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Arcus MSFT-USD
Injective MSFT/USDC PERP