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: Lighter RH against Vest−0.026%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Lighter RH

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 airdropVest: Active · Lighter RH: Points live · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Lighter RH is 0.026% cheaper against Vest than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSFT-USD-PERP	501.54	0.0046	pay 0.0006% / 1h	23m 29s	—	$1K	25x
Short	Lighter RH MSFT	501.41	0.0032	get 0.0004% / 1h	23m 29s	$619K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Vest. 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 VestbpFee Lighter RHbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$2.87
Price spread: −0.026% → 0.000%: −$2.59
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$7.46
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Lighter RH: live order book, 4 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 4 min ago	1.20 bp	1.2 bp −$1	4.2 bp −$42	42.7 bp −$4,267	doesn't fit

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	+0.071%	$102K	$242K	10x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	501.13	−0.082%	$679K	$446K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	501.73	+0.038%	$161K	$116K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	501.44	−0.019%	$337K	$1.0M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	501.60	+0.013%	$15.7M	$18.7M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	501.56	+0.004%	$7.4M	$1.6M	100x	as long as short
OKX MSFT-USDT-SWAP	0.0000%	8h	501.79	+0.050%	$3.0M	$2.3M	20x	as long as short
Gate MSFT_USDT	0.0000%	8h	501.47	−0.014%	$3.1M	$1.7M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	501.69	+0.030%	$3.8M	$2.1M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	501.86	+0.064%	$1.3M	$690K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MSFT_USDT_Perp	0.0000%	8h	501.95	+0.082%	$19K	$289K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	502.53	+0.197%	$6K	$4.1M	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	0.0000%	1h	501.53	−0.002%	$27K	$41K	10x	as long as short
HTX MSFT-USDT	0.0000%	8h	501.62	+0.016%	$58K	$227K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	501.73	+0.038%	$2.2M	$757K	10x	as long as short
Nado MSFT-PERP	+0.0004%	1h	501.27	−0.053%	$414K	$64K	20x	as long as short
BloFin MSFT-USDT	+0.0008%	8h	501.96	+0.084%	$187K	$205K	20x	as long as short
Lighter RH MSFTshort	+0.0032%	1h	501.41	−0.026%	$619K	$2.0M	20x
QFEX MSFT-USD	+0.0044%	1h	501.58	+0.008%	$1.1M	$5.8M	10x	as long as short
Vest MSFT-USD-PERPlong	+0.0046%	1h	501.54	long leg	—	$1K	25x
tradeXYZ xyz:MSFT	+0.0050%	1h	501.27	−0.054%	$22.2M	$9.0M	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	501.26	−0.056%	$303K	$672K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	501.62	+0.016%	$60K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	501.07	−0.094%	$528K	$502K	15x	as long as short
Paradex MSFT-USD-PERP	+0.0051%	8h	501.44	−0.020%	$221	—	5x	as long as short
Phoenix MSFT	+0.0080%	1h	501.70	+0.032%	$10K	$15K	20x	as long as short
Lighter MSFT	+0.0096%	1h	501.63	+0.018%	$1.1M	$486K	20x	as long as short
KuCoin MSFTUSDTM	+0.0100%	8h	501.46	−0.016%	$1.5M	$19K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	501.56	+0.004%	$160K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythos	+0.0100%	8h	501.67	+0.026%	$8K	—	10x	as long as short
Aevo MSFT-PERP	+0.0104%	1h	501.63	+0.019%	$55	—	10x	as long as short
Hotstuff MSFT-PERP	+0.0144%	1h	501.22	−0.064%	$32K	$8K	20x	as long as short
Arcus MSFT-USD	+0.0212%	1h	501.69	+0.030%	$97K	$109K	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	502.00	+0.092%	$115K	$45K	30x	as long as short