MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%

Price spread now: SoDEX against Lighter RH+0.028%7-day average — · you sell dearer than you buy

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

Long on Lighter RH Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 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 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SoDEX is 0.028% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MSFT	504.21	0.0032	pay 0.0004% / 1h	9m 46s	$692K	$1.8M	20x
Short	SoDEX MSFT-USD	504.35	0.0050	get 0.0006% / 1h	9m 46s	$61K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.028%Rate

Funding earned: $3.78
Price spread: +0.028% → 0.000%: $2.78
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$1.44
Costs to cover: 0.080%
Break-even: 9.7 days

Slippage unknown: Lighter RH: live order book, 1 min ago; SoDEX: 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, 1 min ago	0.99 bp	2.3 bp −$2	5.4 bp −$54	42.3 bp −$4,234	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 exchanges

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	−0.0032%	1h	504.02	−0.038%	$692K	$480K	10x	as long as short
Hotstuff MSFT-PERP	−0.0008%	1h	504.23	+0.004%	$33K	$8K	20x	as long as short
Aster MSFTUSDT	0.0000%	8h	504.79	+0.115%	$166K	$118K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	504.30	+0.019%	$325K	$1.9M	17x	as long as short
Bybit MSFTUSDT	0.0000%	8h	504.14	−0.014%	$7.3M	$2.3M	100x	as long as short
Gate MSFT_USDT	0.0000%	8h	504.27	+0.012%	$3.1M	$1.9M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	504.45	+0.048%	$3.9M	$2.8M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	504.55	+0.068%	$1.3M	$390K	—	as long as short
SunX MSFT-USDT	0.0000%	8h	505.33	+0.222%	$6K	$3.5M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	504.31	+0.020%	$27K	$45K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MSFT-USDT	0.0000%	8h	504.40	+0.038%	$49K	$246K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	505.00	+0.157%	$2.3M	$892K	10x	as long as short
Binance MSFTUSDT	+0.0004%	8h	504.42	+0.042%	$16.3M	$20.0M	20x	as long as short
BloFin MSFT-USDT	+0.0012%	8h	504.58	+0.073%	$202K	$209K	20x	as long as short
Lighter MSFT	+0.0032%	1h	504.18	−0.006%	$1.2M	$482K	20x	as long as short
Lighter RH MSFTlong	+0.0032%	1h	504.21	long leg	$692K	$1.8M	20x
Vest MSFT-USD-PERP	+0.0046%	1h	504.37	+0.032%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	503.98	−0.046%	$11K	$5K	20x	as long as short
tradeXYZ xyz:MSFT	+0.0050%	1h	503.91	−0.059%	$22.5M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	504.24	+0.006%	$319K	$677K	10x	as long as short
SoDEX MSFT-USDshort	+0.0050%	1h	504.35	+0.028%	$61K	$3K	10x
Ondo Perps MSFT-USD.P	+0.0050%	1h	503.82	−0.077%	$532K	$379K	15x	as long as short
Arcus MSFT-USD	+0.0052%	1h	504.34	+0.026%	$93K	$83K	10x	as long as short
OKX MSFT-USDT-SWAP	+0.0054%	8h	504.70	+0.097%	$3.2M	$2.7M	20x	as long as short
Paradex MSFT-USD-PERP	+0.0058%	8h	504.43	+0.043%	$222	—	5x	as long as short
QFEX MSFT-USD	+0.0061%	1h	504.43	+0.044%	$1.1M	$4.7M	10x	as long as short
Nado MSFT-PERP	+0.0062%	1h	504.35	+0.028%	$412K	$70K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	503.85	−0.071%	$1.6M	$198K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	503.77	−0.087%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	504.52	+0.061%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	504.45	+0.048%	$55	—	10x	as long as short
GRVT MSFT_USDT_Perp	+0.0135%	8h	504.23	+0.003%	$19K	$315K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	504.37	+0.032%	$115K	$45K	30x	as long as short
edgeX MSFTUSDC	+0.0762%	4h	504.19	−0.004%	$103K	$244K	10x	as long as short