MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.017%

Price spread now: Coinbase International against Lighter RH+0.076%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on Lighter RH Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.076%, 7d avg −0.055%

Together, before fees−0.141%+ Points / potential airdropLighter RH: Points live · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.130% dearer against Lighter RH than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of −0.055%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MSFT	503.28	0.0032	pay 0.0004% / 1h	53m 57s	$696K	$1.9M	20x
Short	Coinbase International MSFT-PERP-INTX	503.66	0	get 0.0000% / 1h	53m 57s	$682K	$450K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$6.72
Price spread: +0.076% → −0.055%: $13.03
Slippage, 4 orders: −$9.19
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$12.87
Costs to cover: 0.192%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Coinbase International: live order book, 49 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, 4 min ago	1.19 bp	1.6 bp −$2	4.4 bp −$44	42.8 bp −$4,277	doesn't fit
Sell Coinbase International live order book, 49 min ago	2.48 bp	8.3 bp −$8	10.5 bp −$105	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	−0.0346%	4h	503.47	+0.038%	$102K	$242K	10x	as long as short
Nado MSFT-PERP	−0.0093%	1h	503.28	−0.001%	$414K	$67K	20x	as long as short
Hotstuff MSFT-PERP	−0.0064%	1h	503.12	−0.032%	$32K	$8K	20x	as long as short
BloFin MSFT-USDT	−0.0025%	8h	503.53	+0.050%	$190K	$206K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	503.29	+0.001%	$161K	$114K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	503.39	+0.022%	$343K	$1.8M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	503.53	+0.049%	$15.8M	$19.2M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	503.28	0.000%	$7.3M	$2.2M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	503.51	+0.046%	$3.0M	$2.4M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	503.24	−0.008%	$3.1M	$1.8M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSFTUSDT	0.0000%	8h	503.54	+0.052%	$3.8M	$2.9M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	503.43	+0.030%	$1.3M	$414K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	503.62	+0.068%	$18K	$328K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	504.32	+0.207%	$6K	$3.8M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	503.22	−0.012%	$27K	$44K	10x	as long as short
Coinbase International MSFT-PERP-INTXshort	0.0000%	1h	503.66	+0.076%	$682K	$450K	10x
HTX MSFT-USDT	0.0000%	8h	503.39	+0.022%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	503.65	+0.074%	$2.2M	$822K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0025%	1h	503.08	−0.040%	$22.4M	$8.8M	20x	as long as short
Lighter RH MSFTlong	+0.0032%	1h	503.28	long leg	$696K	$1.9M	20x
QFEX MSFT-USD	+0.0037%	1h	503.39	+0.022%	$1.2M	$4.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	503.27	−0.002%	$97K	$110K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	503.55	+0.054%	—	$1K	25x	as long as short
Lighter MSFT	+0.0048%	1h	503.46	+0.036%	$1.2M	$518K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	503.13	−0.030%	$303K	$717K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	503.33	+0.010%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.11	−0.034%	$512K	$433K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	503.32	+0.009%	$221	—	5x	as long as short
Phoenix MSFT	+0.0064%	1h	503.28	0.000%	$11K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	502.83	−0.089%	$1.6M	$61K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.39	+0.022%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	503.34	+0.012%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	503.34	+0.011%	$55	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.82	+0.107%	$115K	$45K	30x	as long as short