MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.002%

Price spread now: Lighter against Extended−0.004%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.004%, 7d avg +0.018%

Together, before fees−0.033%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.022% cheaper against Extended than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.018%). If the spread goes back, that is −$2 on $10k: about 27 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.059%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	169.19	0.0056	pay 0.0007% / 1h	39m 23s	$583K	$1.8M	10x
Short	Lighter MSTR	169.18	0.0120	get 0.0015% / 1h	39m 23s	$3.6M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now −0.004%Rate

Funding earned: $13.44
Price spread: −0.004% → +0.018%: −$2.18
Slippage, 4 orders: −$15.94
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.68
Costs to cover: 0.209%
Break-even: 12.0 days

Slippage from Extended: live order book, 4 min ago; Lighter: live order book, 3 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 Extended live order book, 4 min ago	1.77 bp	7.7 bp −$8	19.1 bp −$191	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	1.18 bp	3.6 bp −$4	7.0 bp −$70	36.6 bp −$3,662	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
Aster MSTRUSDT	0.0000%	8h	169.29	+0.063%	$1.3M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.16	−0.015%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.42	+0.141%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.42	+0.138%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.21	+0.014%	$276K	$442K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0025%	8h	169.16	−0.015%	$22.1M	$106.5M	50x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.35	+0.097%	—	$2.1M	25x	as long as short
BloFin MSTR-USDT	+0.0046%	8h	169.37	+0.109%	$1.1M	$1.8M	20x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.23	+0.026%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.18	−0.004%	$389K	$2.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	169.19	+0.002%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.19	+0.002%	$782K	$5.2M	10x	as long as short
Nado MSTR-PERP	+0.0053%	1h	169.12	−0.036%	$139K	$97K	3x	as long as short
GRVT MSTR_USDT_Perp	+0.0053%	8h	169.43	+0.144%	$77K	$879K	10x	as long as short
Extended MSTR_24_5-USDlong	+0.0056%	1h	169.19	long leg	$583K	$1.8M	10x
Bitget MSTRUSDT	+0.0063%	8h	169.19	+0.002%	$28.7M	$120.0M	25x	as long as short
Binance MSTRUSDT	+0.0066%	8h	169.18	−0.004%	$89.2M	$628.9M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	169.32	+0.079%	$1.5M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.12	−0.038%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.19	+0.002%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.16	−0.015%	$4K	$357K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.17	−0.009%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.08	−0.063%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.21	+0.017%	$140	—	10x	as long as short
Bybit MSTRUSDT	+0.0110%	8h	169.22	+0.020%	$15.2M	$40.5M	50x	as long as short
Lighter MSTRshort	+0.0120%	1h	169.18	−0.004%	$3.6M	$2.4M	10x
Paradex MSTR-USD-PERP	+0.0144%	8h	169.20	+0.011%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0211%	1h	169.18	−0.004%	$57.1M	$37.1M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.36	+0.105%	$57K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0696%	1h	169.31	+0.073%	$288K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.32	+0.079%	$27K	$129K	10x	as long as short
edgeX MSTRUSDC	+0.0874%	4h	169.41	+0.131%	$47K	$5.5M	10x	as long as short