MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0199%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.091%

Price spread now: RISEx against Lighter+0.109%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on Lighter Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.223%+$22 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.109%, 7d avg +0.063%

Together, before fees+0.264%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and RISEx is 0.046% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MSTR	163.98	0.0032	pay 0.0004% / 1h	20m 36s	$3.5M	$1.9M	10x
Short	RISEx MSTR/USDC	164.16	0.0231	get 0.0029% / 1h	20m 36s	$266K	$445K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.109%Rate

Funding earned: $41.74
Price spread: +0.109% → +0.063%: $4.61
Slippage, 4 orders: −$12.08
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $28.27
Costs to cover: 0.181%
Break-even: 2.3 days

Slippage from Lighter: live order book, 7 min ago; RISEx: live order book, 33 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, 7 min ago	0.61 bp	3.6 bp −$4	7.3 bp −$73	31.6 bp −$3,155	doesn't fit
Sell RISEx live order book, 33 min ago	2.73 bp	5.7 bp −$6	7.0 bp −$70	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	−0.0948%	8h	164.27	+0.177%	$27.3M	$116.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.03	+0.029%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.21	+0.140%	$4.6M	$19.2M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.97	−0.006%	$2.8M	$77K	10x	as long as short
Lighter MSTRlong	+0.0032%	1h	163.98	long leg	$3.5M	$1.9M	10x
Extended MSTR_24_5-USD	+0.0032%	1h	163.99	+0.003%	$588K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.269%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.00	+0.012%	$26K	$110K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.74	−0.146%	—	$1.7M	25x	as long as short
OKX MSTR-USDT-SWAP	+0.0046%	8h	164.18	+0.122%	$20.8M	$99.1M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	163.97	−0.006%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.91	−0.043%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.54	−0.268%	$846K	$3.9M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0065%	8h	164.13	+0.092%	$66	—	5x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.14	+0.098%	$1.4M	$7.3M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.07	+0.057%	$100K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.95	−0.018%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.77	−0.128%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.01	+0.018%	$4K	$8K	10x	as long as short
Variational Omni MSTR	+0.0102%	8h	164.03	+0.028%	$1.2M	$2.1M	—	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.03	+0.028%	$136	—	10x	as long as short
Binance MSTRUSDT	+0.0164%	8h	164.18	+0.120%	$86.5M	$618.4M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.88	−0.061%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0171%	8h	164.00	+0.012%	$75K	$825K	10x	as long as short
RISEx MSTR/USDCshort	+0.0231%	1h	164.16	+0.109%	$266K	$445K	10x
Nado MSTR-PERP	+0.0255%	1h	163.82	−0.101%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0260%	1h	164.00	+0.012%	$54.6M	$37.1M	10x	as long as short
BloFin MSTR-USDT	+0.0285%	8h	164.10	+0.073%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0325%	8h	164.10	+0.073%	$16.6M	$41.1M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	163.95	−0.016%	$56K	$226K	10x	as long as short
edgeX MSTRUSDC	+0.0382%	4h	163.84	−0.088%	$49K	$5.3M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0665%	1h	164.08	+0.061%	$279K	$438K	10x	as long as short