MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%

Price spread now: Vest against Lighter RH+0.024%46s7-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 Vest

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 · Vest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Vest is 0.024% dearer against Lighter RH than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	501.42	0.0032	pay 0.0004% / 1h	22m 35s	$619K	$2.0M	20x
Short	Vest MSFT-USD-PERP	501.54	0.0046	get 0.0006% / 1h	22m 35s	—	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.024%Rate

Funding earned: $2.87
Price spread: +0.024% → 0.000%: $2.39
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $3.27
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 5 min ago; Vest: 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, 5 min ago	1.20 bp	1.8 bp −$2	5.2 bp −$52	44.1 bp −$4,413	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
edgeX MSFTUSDC	−0.0336%	4h	501.89	+0.095%	$102K	$242K	10x	as long as short
BloFin MSFT-USDT	−0.0019%	8h	501.72	+0.060%	$188K	$205K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.24	−0.036%	$685K	$453K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.60	+0.037%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.59	+0.034%	$337K	$1.0M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.64	+0.044%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.55	+0.026%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.79	+0.074%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.46	+0.008%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.71	+0.058%	$3.8M	$2.1M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSFT	0.0000%	8h	501.86	+0.088%	$1.3M	$690K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	501.95	+0.106%	$19K	$289K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.47	+0.209%	$6K	$4.1M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.58	+0.032%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.74	+0.064%	$2.2M	$758K	10x	as long as short
Nado MSFT-PERP	+0.0004%	1h	501.27	−0.029%	$414K	$64K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	+0.0009%	1h	501.35	−0.014%	$27K	$41K	10x	as long as short
Lighter RH MSFTlong	+0.0032%	1h	501.42	long leg	$619K	$2.0M	20x
QFEX MSFT-USD	+0.0044%	1h	501.59	+0.034%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERPshort	+0.0046%	1h	501.54	+0.024%	—	$1K	25x
tradeXYZ xyz:MSFT	+0.0050%	1h	501.29	−0.026%	$22.2M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.26	−0.032%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.55	+0.026%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.07	−0.070%	$528K	$502K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.53	+0.022%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.70	+0.056%	$10K	$15K	20x	as long as short
Hotstuff MSFT-PERP	+0.0088%	1h	501.29	−0.026%	$32K	$8K	20x	as long as short
Lighter MSFT	+0.0096%	1h	501.64	+0.044%	$1.1M	$486K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.45	+0.006%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.56	+0.028%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.50	+0.016%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.57	+0.029%	$55	—	10x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.64	+0.044%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	501.82	+0.080%	$115K	$45K	30x	as long as short