MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.080%

Price spread now: Hotstuff against Lighter RH−0.054%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hotstuff is 0.054% cheaper against Lighter RH than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MSFT	501.84	0.0032	pay 0.0004% / 1h	44m 30s	$653K	$2.1M	20x
Short	Hotstuff MSFT-PERP	501.57	−0.0056	pay 0.0007% / 1h	44m 30s	$32K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$18.48
Price spread: −0.054% → 0.000%: −$5.38
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$28.86
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 3 min ago; Hotstuff: no order-book sample. Net counts fees only.

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, 3 min ago	0.70 bp	0.7 bp −$1	4.0 bp −$40	43.6 bp −$4,356	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff MSFT-PERPshort	−0.0056%	1h	501.57	−0.054%	$32K	$8K	20x
Aster MSFTUSDT	0.0000%	8h	502.01	+0.034%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	502.06	+0.043%	$372K	$369K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	502.15	+0.061%	$15.7M	$19.3M	20x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	502.14	+0.060%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.85	+0.002%	$3.1M	$1.5M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	502.16	+0.064%	$3.8M	$2.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	502.02	+0.035%	$1.3M	$710K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	502.11	+0.053%	$19K	$321K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.95	+0.221%	$6K	$4.4M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSFT-PERP-INTX	0.0000%	1h	501.58	−0.052%	$688K	$449K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	502.04	+0.040%	$59K	$229K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.33	+0.098%	$2.2M	$768K	10x	as long as short
Bybit MSFTUSDT	+0.0009%	8h	502.15	+0.062%	$7.4M	$1.7M	100x	as long as short
Nado MSFT-PERP	+0.0025%	1h	501.54	−0.059%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	+0.0025%	8h	502.13	+0.058%	$188K	$210K	20x	as long as short
Lighter RH MSFTlong	+0.0032%	1h	501.84	long leg	$653K	$2.1M	20x
QFEX MSFT-USD	+0.0040%	1h	502.05	+0.042%	$1.2M	$5.8M	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.91	+0.014%	—	—	25x	as long as short
edgeX MSFTUSDC	+0.0050%	4h	502.06	+0.044%	$102K	$244K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.58	−0.052%	$22.3M	$10.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.58	−0.052%	$305K	$684K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	502.06	+0.044%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.64	−0.040%	$529K	$494K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0059%	8h	501.86	+0.005%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.76	−0.016%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.58	−0.052%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.51	−0.066%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	502.00	+0.032%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	502.05	+0.041%	$55	—	10x	as long as short
Lighter MSFT	+0.0120%	1h	502.00	+0.032%	$1.1M	$589K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0129%	1h	501.69	−0.030%	$27K	$104K	10x	as long as short
Arcus MSFT-USD	+0.0200%	1h	501.91	+0.014%	$110K	$90K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	503.17	+0.265%	$115K	$45K	30x	as long as short