MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h −0.012%

Price spread now: Lighter against Aevo−0.070%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Lighter is 0.070% cheaper against Aevo than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 15 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSTR-PERP	163.95	0.0104	pay 0.0013% / 1h	3m 33s	$136	—	10x
Short	Lighter MSTR	163.83	0.0120	get 0.0015% / 1h	3m 33s	$3.5M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now −0.070%Rate

Funding earned: $3.36
Price spread: −0.070% → 0.000%: −$7.03
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$19.67
Costs to cover: 0.160%
Break-even: 48.0 days

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 4 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	0.31 bp	1.1 bp −$1	5.4 bp −$54	34.4 bp −$3,436	doesn't fit

Aevo: 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	−0.0993%	8h	164.08	+0.082%	$28.4M	$119.0M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.96	+0.009%	$4.7M	$19.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.64	−0.186%	$2.8M	$78K	10x	as long as short
Aster MSTRUSDT	+0.0016%	8h	163.84	−0.064%	$1.8M	$8.7M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.75	−0.119%	$511K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.291%	$8K	$26K	30x	as long as short
Vest MSTR-USD-PERP	+0.0036%	1h	163.87	−0.046%	—	$1.8M	25x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.01	+0.040%	$26K	$113K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.81	−0.082%	$378K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.92	−0.015%	$853K	$4.0M	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	+0.0054%	1h	163.87	−0.046%	$1.3M	$7.3M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	163.94	−0.006%	$264K	$442K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	163.84	−0.065%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.83	−0.070%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.95	+0.003%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.95	+0.003%	$2K	$13K	10x	as long as short
Aevo MSTR-PERPlong	+0.0104%	1h	163.95	long leg	$136	—	10x
OKX MSTR-USDT-SWAP	+0.0119%	8h	163.90	−0.028%	$20.8M	$101.1M	50x	as long as short
Lighter MSTRshort	+0.0120%	1h	163.83	−0.070%	$3.5M	$2.0M	10x
Paradex MSTR-USD-PERP	+0.0142%	8h	163.82	−0.076%	$66	—	5x	as long as short
Variational Omni MSTR	+0.0147%	8h	164.18	+0.141%	$1.2M	$2.1M	—	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	161.52	−1.479%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0218%	8h	163.89	−0.034%	$84.1M	$629.1M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0229%	1h	163.76	−0.113%	$54.3M	$37.4M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0236%	8h	164.07	+0.078%	$79K	$854K	10x	as long as short
edgeX MSTRUSDC	+0.0279%	4h	164.13	+0.112%	$46K	$5.4M	10x	as long as short
Nado MSTR-PERP	+0.0332%	1h	163.78	−0.099%	$131K	$157K	3x	as long as short
BloFin MSTR-USDT	+0.0341%	8h	163.97	+0.015%	$1.0M	$2.1M	20x	as long as short
Phoenix MSTR	+0.0362%	1h	163.89	−0.032%	$56K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0372%	8h	163.91	−0.021%	$16.9M	$41.9M	50x	as long as short
SoDEX MSTR-USD	+0.0395%	1h	163.85	−0.058%	$43K	$3K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0421%	1h	163.93	−0.009%	$279K	$438K	10x	as long as short