MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.13 per $10,000 · paid last 24h −0.044%

Price spread now: Lighter against tradeXYZ+0.068%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 7 days−0.140%−$14 · spread now +0.068%, 7d avg +0.001%

Together, before fees−0.254%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.067% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.001%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	162.70	0.0234	pay 0.0029% / 1h	41m 57s	$53.9M	$37.3M	10x
Short	Lighter MSTR	162.81	0.0128	get 0.0016% / 1h	41m 57s	$3.5M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against tradeXYZ. 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 tradeXYZbpFee LighterbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$22.34
Price spread: +0.068% → +0.001%: $6.67
Slippage, 4 orders: −$4.12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.78
Costs to cover: 0.221%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; Lighter: live order book, 5 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 tradeXYZ live order book, 8 min ago	0.31 bp	10.5 bp −$11	12.8 bp −$128	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.61 bp	1.6 bp −$2	6.7 bp −$67	34.3 bp −$3,433	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	−0.0898%	8h	163.01	+0.191%	$28.7M	$119.1M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.91	+0.129%	$4.7M	$19.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.32	+0.381%	$2.7M	$78K	10x	as long as short
Aster MSTRUSDT	+0.0025%	8h	162.83	+0.080%	$1.8M	$8.7M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.62	−0.052%	$501K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.081%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.03	+0.203%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.47	−0.141%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.72	+0.012%	$376K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.74	+0.025%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.77	+0.043%	$841K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	162.74	+0.025%	$1.3M	$7.3M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.78	+0.049%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.82	+0.074%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.84	+0.086%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.84	+0.086%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.85	+0.093%	$135	—	10x	as long as short
Lighter MSTRshort	+0.0128%	1h	162.81	+0.068%	$3.5M	$2.0M	10x
OKX MSTR-USDT-SWAP	+0.0134%	8h	162.79	+0.055%	$20.7M	$100.3M	50x	as long as short
Variational Omni MSTR	+0.0147%	8h	162.88	+0.108%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0150%	8h	162.74	+0.024%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−0.725%	$1.4M	$1.1M	10x	as long as short
edgeX MSTRUSDC	+0.0172%	4h	162.89	+0.118%	$46K	$5.4M	10x	as long as short
Binance MSTRUSDT	+0.0225%	8h	162.79	+0.055%	$83.6M	$628.6M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0232%	8h	163.04	+0.208%	$79K	$876K	10x	as long as short
tradeXYZ xyz:MSTRlong	+0.0234%	1h	162.70	long leg	$53.9M	$37.3M	10x
Phoenix MSTR	+0.0328%	1h	162.99	+0.176%	$55K	$223K	10x	as long as short
Nado MSTR-PERP	+0.0335%	1h	162.75	+0.028%	$130K	$157K	3x	as long as short
BloFin MSTR-USDT	+0.0344%	8h	162.97	+0.166%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0378%	8h	162.80	+0.061%	$16.8M	$41.8M	50x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	162.82	+0.071%	$262K	$437K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0795%	1h	162.86	+0.098%	$277K	$437K	10x	as long as short