Funding you earn now, next payment 01:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h −0.104%
Price spread now: Lighter against edgeX−0.384%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$290.287% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 7 days+0.363%+$36 · spread now −0.384%, 7d avg −0.055%
=Together, before fees+0.500%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$50 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.329% cheaper against edgeX than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.055%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.137%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.137% in total (about 7.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSTRUSDC | 167.38 | 0.0265 | pay 0.0132% / 4h | 3h 07m | $43K | $5.4M | 10x |
| Short | Lighter MSTR | 166.74 | 0.0032 | get 0.0004% / 1h | 7m 18s | $3.5M | $2.0M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- −$48.92
- Price spread: −0.384% → −0.055%
- −$32.85
- Slippage, 4 orders
- −$19.71
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$110.48
- Costs to cover
- 0.287%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 2 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 edgeX live order book, 2 min ago | 5.69 bp | 10.6 bp −$11 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 1.20 bp | 3.1 bp −$3 | 4.9 bp −$49 | 33.4 bp −$3,335 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | −0.0174% | 8h | 166.80 | −0.348% | $4.7M | $19.2M | 50x | as long as short |
| BloFin MSTR-USDT | −0.0014% | 8h | 166.79 | −0.354% | $1.1M | $1.9M | 20x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 166.83 | −0.328% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 166.75 | −0.378% | $21.5M | $99.5M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 166.83 | −0.330% | $27.7M | $113.7M | 25x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 167.37 | −0.009% | $1.2M | $2.0M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 167.28 | −0.058% | $84K | $812K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 167.13 | −0.151% | $2.8M | $67K | 10x | as long as short |
| Binance MSTRUSDT | +0.0004% | 8h | 166.80 | −0.346% | $87.6M | $614.0M | 50x | as long as short |
| Lighter MSTRshort | +0.0032% | 1h | 166.74 | −0.384% | $3.5M | $2.0M | 10x |
Show all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | +0.0032% | 1h | 166.66 | −0.428% | $575K | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0035% | 1h | 166.79 | −0.354% | $1.4M | $8.6M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 167.31 | −0.043% | $27K | $115K | 10x | as long as short |
| Nado MSTR-PERP | +0.0045% | 1h | 166.68 | −0.422% | $135K | $128K | 3x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 166.66 | −0.431% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 166.69 | −0.413% | $391K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 166.79 | −0.354% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 166.72 | −0.396% | $763K | $4.8M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0088% | 1h | 167.01 | −0.222% | $1.4M | $1.1M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 166.83 | −0.332% | $103K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 166.81 | −0.342% | $2.5M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 167.13 | −0.151% | $4K | $204K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 166.84 | −0.324% | $3K | $7K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 166.81 | −0.343% | $138 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0107% | 8h | 166.75 | −0.379% | $67 | — | 5x | as long as short |
| Injective MSTR/USDC PERP | +0.0235% | 1h | 169.34 | +1.170% | $8K | $26K | 30x | as long as short |
| tradeXYZ xyz:MSTR | +0.0238% | 1h | 166.74 | −0.384% | $56.4M | $35.8M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0238% | 8h | 166.86 | −0.312% | $15.9M | $39.5M | 50x | as long as short |
| Phoenix MSTR | +0.0259% | 1h | 167.42 | +0.023% | $56K | $384K | 10x | as long as short |
| edgeX MSTRUSDClong | +0.0265% | 4h | 167.38 | long leg | $43K | $5.4M | 10x | |
| RISEx MSTR/USDC | +0.0349% | 1h | 166.83 | −0.332% | $272K | $433K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0650% | 1h | 166.84 | −0.324% | $284K | $438K | 10x | as long as short |
edgeX MSTRUSDC
Lighter MSTR
Gate MSTR_USDT
BloFin MSTR-USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Bitget MSTRUSDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
Binance MSTRUSDT
Extended MSTR_24_5-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Coinbase International MSTR-PERP-INTX
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Paradex MSTR-USD-PERP
Injective MSTR/USDC PERP
tradeXYZ xyz:MSTR
Bybit MSTRUSDT
Phoenix MSTR
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL