Funding you earn now, next payment 23:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h −0.009%
Price spread now: Pacifica against Lighter+0.095%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$310.307% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.095%, 7d avg +0.027%
=Together, before fees−0.030%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$3 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 Pacifica is 0.067% dearer against Lighter than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MSTR | 168.95 | 0.0032 | pay 0.0004% / 1h | 36m 19s | $3.6M | $2.5M | 10x |
| Short | Pacifica MSTR | 169.11 | 0.0100 | get 0.0013% / 1h | 36m 19s | $103K | $114K | 10x |
Lighter MSTR
Pacifica MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $14.28
- Price spread: +0.095% → +0.027%
- $6.75
- Slippage, 4 orders
- −$22.71
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$9.68
- Costs to cover
- 0.307%
- Break-even
- 11.7 days
Slippage from Lighter: live order book, 6 min ago; Pacifica: live order book, 46 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, 6 min ago | 1.18 bp | 3.9 bp −$4 | 5.5 bp −$55 | 35.9 bp −$3,593 | doesn't fit |
| Sell Pacifica live order book, 46 min ago | 0.03 bp | 15.0 bp −$15 | 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 | −0.0098% | 1h | 169.03 | +0.049% | $139K | $97K | 3x | as long as short |
| BloFin MSTR-USDT | −0.0006% | 8h | 169.20 | +0.148% | $1.1M | $1.8M | 20x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.12 | +0.102% | $1.2M | $6.2M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.00 | +0.030% | $88.3M | $628.7M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 168.98 | +0.018% | $22.0M | $106.7M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.11 | +0.092% | $275K | $446K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.00 | +0.030% | $4.8M | $19.3M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.40 | +0.264% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.36 | +0.245% | $74K | $925K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.01 | +0.036% | $2.9M | $61K | 10x | as long as short |
Nado MSTR-PERP
BloFin MSTR-USDT
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTRlong | +0.0032% | 1h | 168.95 | long leg | $3.6M | $2.5M | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 168.98 | +0.016% | $585K | $1.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0038% | 8h | 169.04 | +0.053% | $28.9M | $119.6M | 25x | as long as short |
| QFEX MSTR-USD | +0.0042% | 1h | 169.06 | +0.065% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.18 | +0.136% | — | $2.1M | 25x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0046% | 1h | 169.03 | +0.047% | $287K | $439K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.01 | +0.036% | $403K | $2.6M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.01 | +0.036% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.02 | +0.041% | $740K | $5.2M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.93 | −0.012% | $1.5M | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0059% | 1h | 169.01 | +0.036% | $56.9M | $37.9M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0064% | 8h | 169.01 | +0.036% | $15.1M | $40.8M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0072% | 8h | 169.05 | +0.057% | $68 | — | 5x | as long as short |
| Pacifica MSTRshort | +0.0100% | 1h | 169.11 | +0.095% | $103K | $114K | 10x | |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.09 | +0.083% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.32 | +0.219% | $4K | $552K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.08 | +0.077% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.06 | +0.066% | $140 | — | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.22 | +0.159% | $57K | $394K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.29 | +0.201% | $13K | $22K | 30x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.15 | +0.118% | $27K | $129K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0499% | 4h | 169.32 | +0.219% | $48K | $5.4M | 10x | as long as short |
Extended MSTR_24_5-USD
Bitget MSTRUSDT
QFEX MSTR-USD
Vest MSTR-USD-PERP
Deribit MSTR_USDC-PERPETUAL
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Bybit MSTRUSDT
Paradex MSTR-USD-PERP
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Phoenix MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD
edgeX MSTRUSDC