MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.020%

Price spread now: ApeX Omni against Lighter RH−0.032%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Lighter RH Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.032%, 7d avg −0.017%

Together, before fees+0.173%+ Points / potential airdropLighter RH: Points live · farm board+$17 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	Lighter RH MSFT	503.27	0.0032	pay 0.0004% / 1h	47m 29s	$695K	$1.9M	20x
Short	ApeX Omni MSFTUSDT	503.11	0.0100	get 0.0013% / 1h	47m 29s	$160K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter RH. 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 Lighter RHbpFee ApeX OmnibpOrdersPrice spread, now −0.032%Rate

Funding earned: $14.28
Price spread: −0.032% → −0.017%: −$1.48
Slippage, 4 orders: −$14.31
Fee Lighter RH: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$11.51
Costs to cover: 0.243%
Break-even: 12.6 days

Slippage from Lighter RH: live order book, just now; ApeX Omni: live order book, 53 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 Lighter RH live order book, just now	1.59 bp	1.8 bp −$2	4.6 bp −$46	43.6 bp −$4,363	doesn't fit
Sell ApeX Omni live order book, 53 min ago	5.07 bp	10.1 bp −$10	64.8 bp −$648	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
Nado MSFT-PERP	−0.0029%	1h	503.19	−0.016%	$414K	$67K	20x	as long as short
BloFin MSFT-USDT	−0.0027%	8h	503.70	+0.085%	$191K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.24	−0.006%	$161K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.37	+0.020%	$338K	$1.8M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.51	+0.048%	$15.8M	$19.1M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.33	+0.012%	$7.3M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.77	+0.099%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.28	+0.002%	$3.1M	$1.8M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	503.60	+0.066%	$3.8M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.45	+0.035%	$1.3M	$414K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	503.43	+0.032%	$19K	$326K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.44	+0.232%	$6K	$3.8M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.39	+0.024%	$27K	$44K	10x	as long as short
Coinbase International MSFT-PERP-INTX	0.0000%	1h	502.97	−0.060%	$682K	$455K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	503.46	+0.038%	$59K	$225K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	504.09	+0.163%	$2.2M	$821K	10x	as long as short
Lighter MSFT	+0.0032%	1h	503.38	+0.022%	$1.2M	$521K	20x	as long as short
Lighter RH MSFTlong	+0.0032%	1h	503.27	long leg	$695K	$1.9M	20x
QFEX MSFT-USD	+0.0037%	1h	503.45	+0.036%	$1.2M	$4.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.32	+0.010%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.54	+0.054%	—	$1K	25x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.18	−0.018%	$22.4M	$8.8M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.18	−0.018%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.50	+0.046%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.08	−0.038%	$512K	$428K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0054%	8h	503.38	+0.021%	$221	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.33	+0.012%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.99	−0.056%	$1.6M	$62K	20x	as long as short
ApeX Omni MSFTUSDTshort	+0.0100%	1h	503.11	−0.032%	$160K	$7K	50x
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.39	+0.024%	$8K	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0104%	1h	503.17	−0.020%	$32K	$8K	20x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.57	+0.060%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.82	+0.109%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0417%	4h	503.41	+0.027%	$102K	$243K	10x	as long as short