After costs, if the gap returns to its 7d average, $10k−$8
spread now+0.040%7d average+0.044%fees + slippage, in and out−$7spread needed0.074%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MSFT | 497.36 | 0.0032 | pay 0.0004% / 1h | 43m 24s | $659K | $2.1M | 20x |
| Short | Lighter MSFT | 497.56 | 0.0032 | get 0.0004% / 1h | 43m 24s | $1.1M | $541K | 20x |
Lighter RH MSFT
Lighter MSFTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $4.02
- Funding while held
- $0
- Slippage, 4 orders
- −$7.41
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$3.39
- Spread needed to break even
- 0.074%
Slippage from Lighter RH: live order book, 1 min ago; Lighter: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- Average in range /8h
- —
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, 1 min ago | 1.51 bp | 1.6 bp −$2 | 5.3 bp −$53 | 42.6 bp −$4,257 | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.81 bp | 1.7 bp −$2 | 7.8 bp −$78 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International496.17cheapestApeX Omni496.58+0.083%Phoenix496.71+0.109%BloFin496.84+0.135%edgeX496.85+0.136%Variational Omni496.87+0.142%Injective496.91+0.149%KuCoin496.96+0.159%HTX496.96+0.159%Aevo497.04+0.175%Ondo Perps497.07+0.181%Polymarket Perps497.07+0.181%Deribit497.08+0.183%tradeXYZ497.23+0.214%Hotstuff497.23+0.214%Gate497.24+0.216%Phemex497.29+0.226%Nado497.30+0.229%
Coinbase International
ApeX Omni
Phoenix
BloFin
Variational Omni
Injective
KuCoin
HTX
Aevo
Ondo Perps
Polymarket Perps
Deribit
tradeXYZ
Hotstuff
Gate
Phemex
NadoLighter RH497.36+0.240%
SoDEX497.40+0.248%Aster497.41+0.249%QFEX497.43+0.254%Vest497.43+0.254%Extended497.44+0.256%Orderly497.44+0.256%Binance497.47+0.262%OKX497.47+0.262%Bitget497.47+0.262%Paradex497.47+0.263%Arcus497.49+0.266%Bybit497.51+0.270%
SoDEX
Aster
QFEX
Vest
Extended
Orderly
Binance
OKX
Bitget
Paradex
Arcus
BybitLighter497.56+0.280%
SunX497.90+0.349%
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MSFT-PERP-INTX | −0.239% | −0.0056% | 1h | $668K | $343K | 10x | as long as short |
| ApeX Omni MSFTUSDT | −0.157% | +0.0100% | 1h | $158K | $7K | 50x | as long as short |
| Phoenix MSFT | −0.131% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| BloFin MSFT-USDT | −0.105% | −0.0007% | 8h | $191K | $174K | 20x | as long as short |
| edgeX MSFTUSDC | −0.103% | +0.0804% | 4h | $101K | $245K | 10x | as long as short |
| Variational Omni MSFT | −0.098% | 0.0000% | 8h | $1.3M | $709K | — | as long as short |
| Injective MSFT/USDC PERP | −0.090% | +0.0220% | 1h | $114K | $125K | 30x | as long as short |
| KuCoin MSFTUSDTM | −0.080% | +0.0100% | 8h | $1.5M | $9K | 20x | as long as short |
| HTX MSFT-USDT | −0.080% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Aevo MSFT-PERP | −0.064% | +0.0104% | 1h | $55 | — | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSFT-USD.P | −0.058% | +0.0050% | 1h | $503K | $437K | 15x | as long as short |
| Polymarket Perps MSFT-USD | −0.058% | +0.0050% | 1h | $301K | $443K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.056% | 0.0000% | 1h | $27K | $113K | 10x | as long as short |
| tradeXYZ xyz:MSFT | −0.026% | +0.0050% | 1h | $22.1M | $7.9M | 20x | as long as short |
| Hotstuff MSFT-PERP | −0.026% | +0.0104% | 1h | $40K | — | 20x | as long as short |
| Gate MSFT_USDT | −0.024% | 0.0000% | 8h | $3.1M | $1.3M | 100x | as long as short |
| Phemex MSFTUSDT | −0.014% | 0.0000% | 8h | $2.1M | $590K | 10x | as long as short |
| Nado MSFT-PERP | −0.011% | −0.0021% | 1h | $462K | $5K | 20x | as long as short |
| Lighter RH MSFTlong | 0.000% | +0.0032% | 1h | $659K | $2.1M | 20x | |
| SoDEX MSFT-USD | +0.008% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Aster MSFTUSDT | +0.009% | 0.0000% | 8h | $156K | $80K | 20x | as long as short |
| QFEX MSFT-USD | +0.014% | +0.0028% | 1h | $1.2M | $4.3M | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.014% | +0.0046% | 1h | — | — | 25x | as long as short |
| Extended MSFT_24_5-USD | +0.016% | 0.0000% | 1h | $329K | $368K | 17x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.016% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Binance MSFTUSDT | +0.022% | 0.0000% | 8h | $15.7M | $15.6M | 20x | as long as short |
| OKX MSFT-USDT-SWAP | +0.022% | 0.0000% | 8h | $3.0M | $1.7M | 20x | as long as short |
| Bitget MSFTUSDT | +0.022% | 0.0000% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Paradex MSFT-USD-PERP | +0.023% | +0.0050% | 8h | $219 | — | 5x | as long as short |
| Arcus MSFT-USD | +0.026% | +0.0577% | 1h | $111K | $54K | 10x | as long as short |
| Bybit MSFTUSDT | +0.030% | 0.0000% | 8h | $7.3M | $1.4M | 100x | as long as short |
| Lighter MSFTshort | +0.040% | +0.0032% | 1h | $1.1M | $541K | 20x | |
| SunX MSFT-USDT | +0.109% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |