Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter RH against Polymarket Perps+0.024%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$160.162% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 7 days+0.001%$0 · spread now +0.024%, 7d avg +0.027%
=Together, before fees−0.041%+ Points / potential airdropLighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSFT-USD | 503.06 | 0.0050 | pay 0.0006% / 1h | 51m 18s | $303K | $717K | 10x |
| Short | Lighter RH MSFT | 503.18 | 0.0032 | get 0.0004% / 1h | 51m 18s | $696K | $1.9M | 20x |
Polymarket Perps MSFT-USD
Lighter RH MSFTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.78
- Price spread: +0.024% → +0.027%
- −$0.35
- Slippage, 4 orders
- −$8.19
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$20.32
- Costs to cover
- 0.162%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 52 min ago; Lighter RH: live order book, 2 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 Polymarket Perps live order book, 52 min ago | 1.19 bp | 6.7 bp −$7 | 7.7 bp −$77 | 9.7 bp −$969 | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 1.69 bp | 1.7 bp −$2 | 3.5 bp −$35 | 38.3 bp −$3,829 | doesn't fit |
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 | −0.0987% | 4h | 503.36 | +0.059% | $102K | $243K | 10x | as long as short |
| Nado MSFT-PERP | −0.0064% | 1h | 503.14 | +0.017% | $414K | $67K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0013% | 8h | 503.43 | +0.074% | $191K | $206K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 503.20 | +0.029% | $161K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 503.30 | +0.047% | $340K | $1.8M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 503.51 | +0.090% | $15.8M | $19.2M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 503.25 | +0.038% | $7.3M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 503.49 | +0.085% | $3.0M | $2.4M | 20x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 503.23 | +0.034% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 503.45 | +0.078% | $3.8M | $2.9M | 100x | as long as short |
edgeX MSFTUSDC
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAP
Gate MSFT_USDT
Bitget MSFTUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MSFT | 0.0000% | 8h | 503.43 | +0.074% | $1.3M | $414K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 503.50 | +0.087% | $18K | $327K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 504.24 | +0.235% | $6K | $3.8M | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | 0.0000% | 1h | 503.15 | +0.018% | $27K | $44K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | 0.0000% | 1h | 502.97 | −0.018% | $682K | $455K | 10x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 503.37 | +0.062% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 503.51 | +0.089% | $2.2M | $821K | 10x | as long as short |
| Lighter RH MSFTshort | +0.0032% | 1h | 503.18 | +0.024% | $696K | $1.9M | 20x | |
| QFEX MSFT-USD | +0.0037% | 1h | 503.34 | +0.056% | $1.2M | $4.7M | 10x | as long as short |
| Lighter MSFT | +0.0040% | 1h | 503.33 | +0.054% | $1.2M | $520K | 20x | as long as short |
| Hotstuff MSFT-PERP | +0.0040% | 1h | 503.01 | −0.010% | $32K | $8K | 20x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 503.20 | +0.028% | $97K | $110K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.0044% | 1h | 503.13 | +0.014% | $22.4M | $8.8M | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 503.50 | +0.087% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USDlong | +0.0050% | 1h | 503.06 | long leg | $303K | $717K | 10x | |
| SoDEX MSFT-USD | +0.0050% | 1h | 503.25 | +0.038% | $60K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.11 | +0.010% | $512K | $433K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0055% | 8h | 503.30 | +0.047% | $221 | — | 5x | as long as short |
| Phoenix MSFT | +0.0064% | 1h | 503.22 | +0.032% | $11K | $15K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 502.86 | −0.040% | $1.6M | $61K | 20x | as long as short |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 502.98 | −0.016% | $160K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 503.23 | +0.034% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 503.34 | +0.056% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 503.82 | +0.151% | $115K | $45K | 30x | as long as short |
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
Deribit MSFT_USDC-PERPETUAL
Coinbase International MSFT-PERP-INTX
HTX MSFT-USDT
Phemex MSFTUSDT
QFEX MSFT-USD
Lighter MSFT
Hotstuff MSFT-PERP
Arcus MSFT-USD
tradeXYZ xyz:MSFT
Vest MSFT-USD-PERP
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Phoenix MSFT
KuCoin MSFTUSDTM
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP