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Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 09:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.012%
Price spread now: Aevo against Lighter+0.021%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on LighterShort on Aevo
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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.021% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MSTR163.480.0048pay 0.0006% / 1h49m 57s$3.5M$1.7M10x
ShortAevo MSTR-PERP163.510.0104get 0.0013% / 1h49m 57s$136—10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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

Funding earned
$11.76
Price spread: +0.021% → 0.000%
$2.08
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$2.16
Costs to cover
0.160%
Break-even
8.3 days
Slippage unknown: Lighter: live order book, 2 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 2 min ago1.53 bp2.1 bp −$26.3 bp −$6333.5 bp −$3,347doesn't fit
Sell Aevo no order-book sample—————
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0264%8h163.68+0.122%$30.0M$118.7M25xas long as short
Phemex MSTRUSDT0.0000%4h163.56+0.049%$2.8M$85K10xas long as short
Gate MSTR_USDT+0.0009%8h163.66+0.110%$4.7M$18.4M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.40−0.048%$592K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.585%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.73+0.153%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.65+0.104%—$1.7M25xas long as short
Lighter MSTRlong+0.0048%1h163.48long leg$3.5M$1.7M10x
Polymarket Perps MSTR-USD+0.0050%1h163.50+0.012%$378K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.77+0.177%$892K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0061%1h163.64+0.098%$1.4M$7.1M10xas long as short
SoDEX MSTR-USD+0.0095%1h163.49+0.006%$43K$3K10xas long as short
Pacifica MSTR+0.0100%1h163.71+0.138%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.59+0.067%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.46−0.012%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.38−0.061%$3K$13K10xas long as short
Aevo MSTR-PERPshort+0.0104%1h163.51+0.021%$136—10x
Aster MSTRUSDT+0.0107%8h163.59+0.067%$1.8M$8.7M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.526%$1.4M$1.1M10xas long as short
Nado MSTR-PERP+0.0128%1h163.52+0.025%$125K$165K3xas long as short
Paradex MSTR-USD-PERP+0.0140%8h163.70+0.136%$65—5xas long as short
Variational Omni MSTR+0.0218%8h163.95+0.286%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0218%8h163.65+0.104%$20.9M$99.5M50xas long as short
Binance MSTRUSDT+0.0302%8h163.59+0.067%$84.3M$619.0M50xas long as short
tradeXYZ xyz:MSTR+0.0380%1h163.58+0.061%$54.0M$37.5M10xas long as short
RISEx MSTR/USDC+0.0400%1h163.69+0.126%$269K$417K10xas long as short
BloFin MSTR-USDT+0.0417%8h163.94+0.281%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0460%1h163.66+0.113%$56K$223K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0484%1h163.53+0.031%$278K$432K10xas long as short
Bybit MSTRUSDT+0.0499%8h163.61+0.080%$17.1M$41.3M50xas long as short
edgeX MSTRUSDC+0.0834%4h163.62+0.085%$47K$5.4M10xas long as short
GRVT MSTR_USDT_Perp+0.0900%8h163.72+0.148%$80K$838K10xas long as short