MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.035%

Price spread now: Lighter against Injective−2.899%66s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 2.899% cheaper against Injective than usual: you would sell low and buy high, −$290 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MSTR/USDC PERP	169.34	0.0033	pay 0.0004% / 1h	36m 17s	$8K	$26K	30x
Short	Lighter MSTR	164.43	0.0032	get 0.0004% / 1h	36m 17s	$3.5M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. 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 InjectivebpFee LighterbpOrdersPrice spread, now −2.899%Rate

Funding earned: −$0.28
Price spread: −2.899% → 0.000%: −$289.95
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: −$290.25
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 11 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 Injective no order-book sample	—	—	—	—	—
Sell Lighter live order book, 11 min ago	0.92 bp	2.9 bp −$3	6.4 bp −$64	33.0 bp −$3,297	doesn't fit

Injective: 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
Bitget MSTRUSDT	−0.1281%	8h	164.63	−2.781%	$27.7M	$114.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.43	−2.899%	$1.8M	$8.4M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.59	−2.805%	$20.8M	$99.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.49	−2.864%	$4.6M	$18.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.57	−2.817%	$2.8M	$71K	10x	as long as short
Variational Omni MSTR	+0.0021%	8h	164.09	−3.098%	$1.2M	$2.1M	—	as long as short
Lighter MSTRshort	+0.0032%	1h	164.43	−2.899%	$3.5M	$1.9M	10x
Extended MSTR_24_5-USD	+0.0032%	1h	164.38	−2.932%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERPlong	+0.0033%	1h	169.34	long leg	$8K	$26K	30x
Arcus MSTR-USD	+0.0040%	1h	164.35	−2.947%	$26K	$112K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.26	−3.000%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.38	−2.929%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.46	−2.882%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.04	−3.130%	$855K	$4.2M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	164.50	−2.858%	$1.4M	$7.7M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0082%	1h	164.35	−2.947%	$54.9M	$36.6M	10x	as long as short
Binance MSTRUSDT	+0.0092%	8h	164.59	−2.802%	$88.2M	$619.0M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.50	−2.856%	$101K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.35	−2.947%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.18	−3.047%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.51	−2.852%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.50	−2.860%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0142%	8h	164.47	−2.876%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0153%	8h	164.33	−2.960%	$77K	$763K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.09	−3.100%	$1.4M	$1.1M	10x	as long as short
BloFin MSTR-USDT	+0.0210%	8h	164.49	−2.864%	$1.0M	$1.9M	20x	as long as short
Nado MSTR-PERP	+0.0213%	1h	164.35	−2.950%	$122K	$149K	3x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	164.51	−2.852%	$269K	$447K	10x	as long as short
Phoenix MSTR	+0.0336%	1h	164.24	−3.012%	$55K	$227K	10x	as long as short
Bybit MSTRUSDT	+0.0354%	8h	164.65	−2.770%	$17.1M	$40.7M	50x	as long as short
edgeX MSTRUSDC	+0.0857%	4h	164.20	−3.038%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1089%	1h	164.54	−2.835%	$280K	$438K	10x	as long as short