MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h −0.012%

Price spread now: Lighter against Aevo−0.031%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 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: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.031% cheaper against Aevo than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 39 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSTR-PERP	167.14	0.0104	pay 0.0013% / 1h	3m 53s	$139	—	10x
Short	Lighter MSTR	167.09	0.0168	get 0.0021% / 1h	3m 53s	$3.6M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now −0.031%Rate

Funding earned: $13.44
Price spread: −0.031% → 0.000%: −$3.1
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$5.66
Costs to cover: 0.160%
Break-even: 10.0 days

Slippage unknown: Aevo: no order-book sample; Lighter: 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 Aevo no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	1.50 bp	3.1 bp −$3	7.1 bp −$71	41.0 bp −$4,095	doesn't fit

Aevo: 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.

MSTR on 32 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
Gate MSTR_USDT	0.0000%	8h	167.08	−0.037%	$4.9M	$19.3M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	167.03	−0.067%	$31.4M	$113.8M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	167.05	−0.055%	$2.8M	$83K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	167.00	−0.088%	$544K	$1.8M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	162.61	−2.711%	$7K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	167.14	−0.001%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	167.29	+0.089%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.96	−0.109%	$386K	$2.5M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.92	−0.133%	$927K	$3.5M	10x	as long as short
QFEX MSTR-USD	+0.0061%	1h	167.02	−0.073%	$1.3M	$6.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	166.97	−0.103%	$102K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.93	−0.127%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.72	−0.252%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	167.13	−0.007%	$3K	$10K	10x	as long as short
Aevo MSTR-PERPlong	+0.0104%	1h	167.14	long leg	$139	—	10x
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	166.72	−0.252%	$1.4M	$644K	10x	as long as short
Lighter MSTRshort	+0.0168%	1h	167.09	−0.031%	$3.6M	$1.8M	10x
Nado MSTR-PERP	+0.0182%	1h	166.92	−0.131%	$128K	$143K	3x	as long as short
Aster MSTRUSDT	+0.0192%	8h	167.04	−0.061%	$1.8M	$8.6M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0195%	8h	167.02	−0.074%	$67	—	5x	as long as short
OKX MSTR-USDT-SWAP	+0.0278%	8h	167.04	−0.061%	$21.6M	$93.1M	50x	as long as short
Variational Omni MSTR	+0.0305%	8h	167.24	+0.057%	$1.2M	$1.8M	—	as long as short
edgeX MSTRUSDC	+0.0305%	4h	166.85	−0.172%	$49K	$5.4M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0373%	1h	166.88	−0.157%	$55.2M	$36.1M	10x	as long as short
Binance MSTRUSDT	+0.0385%	8h	167.06	−0.049%	$87.3M	$591.2M	50x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	167.10	−0.022%	$272K	$387K	10x	as long as short
Phoenix MSTR	+0.0460%	1h	167.10	−0.027%	$57K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0505%	8h	166.98	−0.097%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0589%	8h	167.07	−0.043%	$17.3M	$40.4M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0709%	8h	166.96	−0.110%	$82K	$844K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0768%	1h	167.16	+0.011%	$284K	$293K	10x	as long as short
SoDEX MSTR-USD	+0.1334%	1h	167.08	−0.037%	$44K	$3K	10x	as long as short