Funding you earn now, next payment 07:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.063%
Price spread now: Lighter against BloFin−0.031%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Funding, last 7 days−0.223%−$22 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.031%, 7d avg −0.051%
=Together, before fees−0.166%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.020% dearer against BloFin than usual: you sell high and buy low (spread −0.031% now, against its 7-day average of −0.051%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSTR-USDT | 163.49 | 0.0336 | pay 0.0336% / 8h | 1h 57m | $1.0M | $2.1M | 20x |
| Short | Lighter MSTR | 163.44 | 0.0136 | get 0.0017% / 1h | 57m 15s | $3.5M | $2.0M | 10x |
BloFin MSTR-USDT
Lighter MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$41.92
- Price spread: −0.031% → −0.051%
- $2.04
- Slippage, 4 orders
- −$12.13
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$64.02
- Costs to cover
- 0.241%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Lighter: live order book, 5 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 BloFin live order book, 6 min ago | 0.61 bp | 8.0 bp −$8 | 9.8 bp −$98 | 21.4 bp −$2,138 | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.61 bp | 4.8 bp −$5 | 9.1 bp −$91 | 39.4 bp −$3,939 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0915% | 8h | 163.67 | +0.110% | $28.7M | $119.2M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.60 | +0.067% | $4.7M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.34 | −0.092% | $2.7M | $78K | 10x | as long as short |
| Aster MSTRUSDT | +0.0015% | 8h | 163.34 | −0.089% | $1.8M | $8.7M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.30 | −0.116% | $511K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.578% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.72 | +0.141% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0044% | 1h | 163.42 | −0.043% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.48 | −0.006% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.41 | −0.049% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Aster MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.48 | −0.006% | $845K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0057% | 1h | 163.50 | +0.006% | $1.3M | $7.3M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.47 | −0.015% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.44 | −0.031% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.66 | +0.104% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.51 | +0.012% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.50 | +0.005% | $136 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0121% | 8h | 163.50 | +0.006% | $20.8M | $100.8M | 50x | as long as short |
| Lighter MSTRshort | +0.0136% | 1h | 163.44 | −0.031% | $3.5M | $2.0M | 10x | |
| Variational Omni MSTR | +0.0141% | 8h | 163.71 | +0.137% | $1.2M | $2.1M | — | as long as short |
| Paradex MSTR-USD-PERP | +0.0141% | 8h | 163.56 | +0.042% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0152% | 1h | 161.52 | −1.205% | $1.4M | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0194% | 1h | 163.44 | −0.031% | $54.2M | $37.5M | 10x | as long as short |
| Binance MSTRUSDT | +0.0216% | 8h | 163.45 | −0.024% | $83.9M | $629.1M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0226% | 8h | 163.78 | +0.178% | $83K | $865K | 10x | as long as short |
| BloFin MSTR-USDTlong | +0.0336% | 8h | 163.49 | long leg | $1.0M | $2.1M | 20x | |
| Phoenix MSTR | +0.0362% | 1h | 163.67 | +0.113% | $56K | $223K | 10x | as long as short |
| Nado MSTR-PERP | +0.0371% | 1h | 163.48 | −0.008% | $131K | $157K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0373% | 8h | 163.53 | +0.024% | $16.8M | $41.8M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0381% | 1h | 163.53 | +0.021% | $263K | $437K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0458% | 4h | 163.50 | +0.009% | $46K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0852% | 1h | 163.50 | +0.006% | $278K | $437K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Phoenix MSTR
Nado MSTR-PERP
Bybit MSTRUSDT
RISEx MSTR/USDC
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL