Funding you earn now, next payment 06:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h +0.165%
Price spread now: edgeX against Lighter−0.062%49s7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as 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−$270.274% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 7 days+0.105%+$10 · spread now −0.062%, 7d avg +0.057%
=Together, before fees+0.102%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and edgeX is 0.118% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.057%). Swap the legs. The two prices were read 49 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 | 163.74 | 0.0160 | pay 0.0020% / 1h | 52m 29s | $3.5M | $1.9M | 10x |
| Short | edgeX MSTRUSDC | 163.64 | 0.0003 | get 0.0002% / 4h | 2h 52m | $48K | $5.4M | 10x |
Lighter MSTR
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Lighter. 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
- −$32.93
- Price spread: −0.062% → +0.057%
- −$11.83
- Slippage, 4 orders
- −$18.45
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$72.2
- Costs to cover
- 0.274%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; edgeX: live order book, 2 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, 5 min ago | 1.22 bp | 2.8 bp −$3 | 3.5 bp −$35 | 29.1 bp −$2,910 | doesn't fit |
| Sell edgeX live order book, 2 min ago | 5.80 bp | 10.7 bp −$11 | 17.5 bp −$175 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0985% | 8h | 163.99 | +0.153% | $27.1M | $116.9M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.77 | +0.020% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.88 | +0.086% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.00 | +0.159% | $2.8M | $77K | 10x | as long as short |
| edgeX MSTRUSDCshort | +0.0003% | 4h | 163.64 | −0.062% | $48K | $5.4M | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.62 | −0.073% | $596K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.420% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.77 | +0.018% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.36 | −0.232% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.63 | −0.067% | $379K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USD | +0.0050% | 1h | 163.67 | −0.043% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.66 | −0.049% | $817K | $4.0M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 163.80 | +0.037% | $1.4M | $7.2M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0058% | 8h | 163.87 | +0.079% | $20.7M | $99.3M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.84 | +0.063% | $266K | $446K | 10x | as long as short |
| Variational Omni MSTR | +0.0094% | 8h | 163.78 | +0.025% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.80 | +0.039% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.69 | −0.031% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.61 | −0.079% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.70 | −0.024% | $4K | $8K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0100% | 8h | 163.79 | +0.029% | $66 | — | 5x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.72 | −0.012% | $136 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0153% | 8h | 163.82 | +0.049% | $83K | $824K | 10x | as long as short |
| Lighter MSTRlong | +0.0160% | 1h | 163.74 | long leg | $3.5M | $1.9M | 10x | |
| Binance MSTRUSDT | +0.0166% | 8h | 163.85 | +0.067% | $85.9M | $619.6M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | −0.104% | $1.4M | $1.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0282% | 8h | 163.70 | −0.024% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0324% | 1h | 163.64 | −0.059% | $121K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0327% | 8h | 163.91 | +0.104% | $16.7M | $41.2M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0338% | 1h | 163.78 | +0.024% | $54.5M | $37.1M | 10x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.69 | −0.029% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1156% | 1h | 163.76 | +0.012% | $278K | $438K | 10x | as long as short |
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Paradex MSTR-USD-PERP
Aevo MSTR-PERP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
BloFin MSTR-USDT
Nado MSTR-PERP
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL