MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.042%

Price spread now: SoDEX against Lighter+0.024%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 +$1 a day on $10k at the current rate, and SoDEX is 0.024% 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).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MSTR	169.37	0.0032	pay 0.0004% / 1h	0m 41s	$3.6M	$2.6M	10x
Short	SoDEX MSTR-USD	169.41	0.0050	get 0.0006% / 1h	0m 41s	$44K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $3.78
Price spread: +0.024% → 0.000%: $2.36
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$1.86
Costs to cover: 0.080%
Break-even: 10.4 days

Slippage unknown: Lighter: live order book, 7 min ago; SoDEX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 7 min ago	0.29 bp	2.4 bp −$2	11.8 bp −$118	42.1 bp −$4,206	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MSTR-PERP	−0.0072%	1h	169.30	−0.043%	$139K	$98K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.37	−0.001%	$1.3M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.40	+0.018%	$88.5M	$630.7M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.39	+0.012%	$22.1M	$107.4M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.40	+0.015%	$277K	$445K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.33	−0.024%	$4.8M	$19.7M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.39	+0.010%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.40	+0.018%	$83K	$948K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.37	0.000%	$2.9M	$59K	10x	as long as short
BloFin MSTR-USDT	+0.0016%	8h	169.46	+0.053%	$1.1M	$1.8M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTRlong	+0.0032%	1h	169.37	long leg	$3.6M	$2.6M	10x
Extended MSTR_24_5-USD	+0.0032%	1h	169.24	−0.080%	$587K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0039%	1h	169.43	+0.035%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.53	+0.094%	—	$2.1M	25x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	169.11	−0.154%	$1.5M	$1.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.34	−0.018%	$406K	$2.6M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	169.41	+0.024%	$44K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.25	−0.071%	$752K	$5.1M	10x	as long as short
Bitget MSTRUSDT	+0.0063%	8h	169.41	+0.024%	$28.8M	$120.0M	25x	as long as short
tradeXYZ xyz:MSTR	+0.0071%	1h	169.39	+0.012%	$56.8M	$38.4M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0081%	8h	169.37	0.000%	$68	—	5x	as long as short
Bybit MSTRUSDT	+0.0082%	8h	169.45	+0.047%	$15.2M	$41.2M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	169.31	−0.033%	$103K	$121K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.29	−0.047%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.35	−0.012%	$4K	$854K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.40	+0.018%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.38	+0.007%	$141	—	10x	as long as short
Phoenix MSTR	+0.0184%	1h	169.46	+0.054%	$57K	$396K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0341%	1h	169.42	+0.030%	$288K	$439K	10x	as long as short
Arcus MSTR-USD	+0.0432%	1h	169.50	+0.077%	$27K	$134K	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	169.61	+0.142%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0818%	4h	169.43	+0.036%	$48K	$5.4M	10x	as long as short