MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.056%

Price spread now: Injective against Lighter RH+0.036%97s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs+$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.239% of the position

Long on Lighter RH Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.374%+$37 on $10k

Price spread, last 3 days (all we have)+0.045%+$5 · spread now +0.036%, 7d avg +0.008%

Together, before fees+0.419%+ Points / potential airdropLighter RH: Points live · farm board+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 0.028% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.008%. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MSFT	501.60	0.0032	pay 0.0004% / 1h	17m 36s	$622K	$2.0M	20x
Short	Injective MSFT/USDC PERP	501.78	0.0220	get 0.0028% / 1h	17m 36s	$115K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.036%Rate

Funding earned: $39.48
Price spread: +0.036% → +0.008%: $2.83
Slippage, 4 orders: −$23.91
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $18.39
Costs to cover: 0.239%
Break-even: 3.7 days

Slippage from Lighter RH: live order book, 5 min ago; Injective: live order book, 51 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, 5 min ago	1.79 bp	1.8 bp −$2	4.8 bp −$48	42.5 bp −$4,252	doesn't fit
Sell Injective live order book, 51 min ago	9.98 bp	10.0 bp −$10	10.0 bp −$100	doesn't fit	doesn't fit

MSFT on 33 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
Coinbase International MSFT-PERP-INTX	−0.0016%	1h	501.22	−0.076%	$679K	$457K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.80	+0.040%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.63	+0.007%	$337K	$899K	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.77	+0.033%	$15.6M	$18.8M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.67	+0.014%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.91	+0.062%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.61	+0.002%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.66	+0.012%	$4.5M	$2.5M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.69	+0.018%	$1.3M	$682K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.56	−0.008%	$19K	$295K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MSFT-USDT	0.0000%	8h	502.53	+0.185%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.64	+0.008%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.69	+0.018%	$59K	$226K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	502.02	+0.084%	$2.2M	$765K	10x	as long as short
Nado MSFT-PERP	+0.0001%	1h	501.59	−0.001%	$414K	$64K	20x	as long as short
Lighter RH MSFTlong	+0.0032%	1h	501.60	long leg	$622K	$2.0M	20x
QFEX MSFT-USD	+0.0038%	1h	501.59	−0.002%	$1.1M	$5.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	501.51	−0.018%	$97K	$109K	10x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	501.69	+0.018%	—	$1K	25x	as long as short
Hotstuff MSFT-PERP	+0.0048%	1h	501.43	−0.034%	$32K	$8K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	501.43	−0.034%	$22.1M	$9.3M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.37	−0.046%	$303K	$671K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.64	+0.008%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.46	−0.028%	$522K	$518K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0055%	8h	501.65	+0.010%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.46	−0.028%	$10K	$15K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.45	−0.030%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.24	−0.072%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.69	+0.018%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.64	+0.009%	$55	—	10x	as long as short
Lighter MSFT	+0.0160%	1h	501.87	+0.054%	$1.1M	$489K	20x	as long as short
edgeX MSFTUSDC	+0.0215%	4h	501.70	+0.019%	$102K	$243K	10x	as long as short
Injective MSFT/USDC PERPshort	+0.0220%	1h	501.78	+0.036%	$115K	$45K	30x