MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.8% APRnext payment −$0.04 per $10,000 · paid last 24h −0.007%

Price spread now: Vest against Lighter−0.117%7-day average −0.343% · you buy dearer than you sell

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

Long on Lighter Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.081%−$8 on $10k

Price spread, last 7 days+0.270%+$27 · spread now −0.117%, 7d avg −0.343%

Together, before fees+0.189%+ Points / potential airdropLighter: Season 3 · Vest: Active · farm board+$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.227% dearer against Lighter than usual: you sell high and buy low (spread −0.117% now, against its 7-day average of −0.343%): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days. At the pace of the last 4 days (−0.081% in total) that is about 9.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MSTR	162.84	0.0080	pay 0.0010% / 1h	19m 57s	$3.5M	$2.0M	10x
Short	Vest MSTR-USD-PERP	162.65	0.0046	get 0.0006% / 1h	19m 57s	—	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$7.21
Price spread: −0.117% → −0.343%: $22.66
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $13.45
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Lighter: live order book, 12 min ago; Vest: 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, 12 min ago	0.92 bp	0.9 bp −$1	4.5 bp −$45	32.1 bp −$3,211	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Bitget MSTRUSDT	−0.0457%	8h	163.17	+0.203%	$29.4M	$119.1M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.99	+0.092%	$4.7M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.99	+0.092%	$2.7M	$83K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.86	+0.012%	$591K	$2.1M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.992%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.96	+0.074%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERPshort	+0.0046%	1h	162.65	−0.117%	—	$1.8M	25x
Polymarket Perps MSTR-USD	+0.0050%	1h	162.86	+0.012%	$377K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.86	+0.012%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.59	−0.154%	$896K	$3.7M	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	+0.0067%	1h	162.83	−0.006%	$1.3M	$7.1M	10x	as long as short
Aster MSTRUSDT	+0.0078%	8h	162.85	+0.006%	$1.8M	$8.7M	50x	as long as short
Lighter MSTRlong	+0.0080%	1h	162.84	long leg	$3.5M	$2.0M	10x
Pacifica MSTR	+0.0100%	1h	162.87	+0.017%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.87	+0.018%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.77	−0.043%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.92	+0.049%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.92	+0.051%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0136%	1h	162.83	−0.006%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0149%	8h	162.83	−0.005%	$65	—	5x	as long as short
Nado MSTR-PERP	+0.0200%	1h	162.74	−0.059%	$125K	$165K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0201%	8h	162.96	+0.074%	$20.8M	$99.8M	50x	as long as short
Variational Omni MSTR	+0.0203%	8h	162.78	−0.039%	$1.2M	$2.0M	—	as long as short
Binance MSTRUSDT	+0.0271%	8h	162.91	+0.044%	$83.9M	$620.6M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0276%	8h	162.85	+0.008%	$78K	$849K	10x	as long as short
Phoenix MSTR	+0.0357%	1h	162.90	+0.039%	$55K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0392%	8h	162.79	−0.031%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0411%	8h	162.94	+0.061%	$17.1M	$41.7M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0468%	1h	162.90	+0.037%	$53.8M	$37.7M	10x	as long as short
RISEx MSTR/USDC	+0.0493%	1h	162.90	+0.035%	$268K	$419K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0671%	1h	162.96	+0.074%	$277K	$437K	10x	as long as short
edgeX MSTRUSDC	+0.0886%	4h	162.82	−0.011%	$46K	$5.4M	10x	as long as short