MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.009%

Price spread now: ApeX Omni against Lighter+0.196%78s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1071.067% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 3 days (all we have)−0.090%−$9 · spread now +0.196%, 7d avg +0.040%

Together, before fees−0.095%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.156% dearer against Lighter than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.040%. The two prices were read 78 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	Lighter MSTR	168.33	0.0032	pay 0.0004% / 1h	34m 09s	$3.6M	$2.0M	10x
Short	ApeX Omni MSTRUSDT	168.66	0.0100	get 0.0013% / 1h	34m 09s	$4K	$204K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Position, each leg$Hold fordaysFee LighterbpFee ApeX OmnibpOrdersPrice spread, now +0.196%Rate

Funding earned: $14.28
Price spread: +0.196% → +0.040%: $15.64
Slippage, 4 orders: −$96.68
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$76.76
Costs to cover: 1.067%
Break-even: 44.6 days

Slippage from Lighter: live order book, 3 min ago; ApeX Omni: live order book, 50 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 Lighter live order book, 3 min ago	0.30 bp	3.2 bp −$3	5.0 bp −$50	30.7 bp −$3,074	doesn't fit
Sell ApeX Omni live order book, 50 min ago	2.96 bp	42.6 bp −$43	doesn't fit	doesn't fit	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
Nado MSTR-PERP	−0.0057%	1h	168.15	−0.104%	$139K	$90K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.47	+0.081%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.37	+0.024%	$21.7M	$101.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.43	+0.059%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.40	+0.042%	$28.4M	$114.1M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.67	+0.201%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.69	+0.214%	$85K	$860K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.45	+0.071%	$2.8M	$66K	10x	as long as short
Lighter MSTRlong	+0.0032%	1h	168.33	long leg	$3.6M	$2.0M	10x
Extended MSTR_24_5-USD	+0.0032%	1h	168.18	−0.092%	$579K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0035%	1h	168.36	+0.018%	$1.4M	$9.4M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	168.66	+0.196%	$27K	$118K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.30	−0.018%	—	$1.7M	25x	as long as short
Binance MSTRUSDT	+0.0046%	8h	168.36	+0.020%	$88.8M	$616.0M	50x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.29	−0.024%	$395K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.35	+0.012%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.17	−0.095%	$761K	$5.0M	10x	as long as short
BloFin MSTR-USDT	+0.0077%	8h	168.43	+0.059%	$1.1M	$1.9M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	+0.077%	$1.4M	$1.1M	10x	as long as short
Bybit MSTRUSDT	+0.0089%	8h	168.34	+0.006%	$15.1M	$39.3M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0090%	8h	168.35	+0.013%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.38	+0.029%	$104K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.43	+0.059%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTshort	+0.0100%	1h	168.66	+0.196%	$4K	$204K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.42	+0.053%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.41	+0.046%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0212%	1h	168.29	−0.024%	$56.8M	$35.3M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.600%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.74	+0.242%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.38	+0.030%	$274K	$434K	10x	as long as short
edgeX MSTRUSDC	+0.0572%	4h	168.81	+0.287%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1058%	1h	168.36	+0.018%	$286K	$438K	10x	as long as short