data as of
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Funding arb /

MSTR

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 13:00 UTC+0.0096%/8h
paid, last 24h+0.001%paid, last 7 days−0.202%to open and close $10k−$33
Long on GateShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MSTR_USDT165.020get 0.0000% / 8h3h 30m$4.7M$15.9M50x
ShortLighter MSTR164.920.0096get 0.0012% / 1h30m 53s$3.5M$2.4M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$20.16
Slippage, 4 orders
−$18.32
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Lighter: 0 bp × 2 orders
$0
Net
−$13.16
Break-even
11.6 days
Slippage from Gate: live order book, 4 min ago; Lighter: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.061%
Avg gap 7d
−0.088%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago1.51 bp11.4 bp −$1140.9 bp −$409doesn't fitdoesn't fit
Sell Lighter live order book, 3 min ago1.21 bp3.8 bp −$46.9 bp −$6935.8 bp −$3,580doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDTlong0.0000%8h$4.7M$15.9M50x
Phemex MSTRUSDT0.0000%4h$2.8M$25K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$490K$2.1M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$784K25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$401K$1.3M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$931K$3.8M10xas long as short
QFEX MSTR-USD+0.0061%1h$1.3M$8.3M10xas long as short
Lighter MSTRshort+0.0096%1h$3.5M$2.4M10x
Pacifica MSTR+0.0100%1h$101K$169K10xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$131K$2.3M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$4K$10K10xas long as short
Aevo MSTR-PERP+0.0104%1h$137—10xas long as short
Arcus MSTR-USD+0.0165%1h$30K$101K10xas long as short
Paradex MSTR-USD-PERP+0.0173%8h$66—5xas long as short
Injective MSTR/USDC PERP+0.0179%1h$13K$130K30xas long as short
Nado MSTR-PERP+0.0187%1h$153K$263K3xas long as short
KuCoin MSTRUSDTM+0.0199%8h$2.5M$1.3M20xas long as short
Coinbase International MSTR-PERP-INTX+0.0232%1h$1.5M$1.1M10xas long as short
Bybit MSTRUSDT+0.0243%8h$15.9M$32.0M50xas long as short
SoDEX MSTR-USD+0.0311%1h$43K$3K10xas long as short
tradeXYZ xyz:MSTR+0.0315%1h$56.7M$19.4M10xas long as short
Phoenix MSTR+0.0377%1h$53K$218K10xas long as short
Variational Omni MSTR+0.0417%8h$1.5M$1.7M—as long as short
OKX MSTR-USDT-SWAP+0.0453%8h$21.3M$70.5M50xas long as short
Bitget MSTRUSDT+0.0482%8h$31.8M$82.5M25xas long as short
Binance MSTRUSDT+0.0524%8h$85.5M$337.9M50xas long as short
Aster MSTRUSDT+0.0584%8h$1.9M$3.4M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0660%1h$280K$478K10xas long as short
edgeX MSTRUSDC+0.0661%4h$34K$2.8M10xas long as short
BloFin MSTR-USDT+0.0681%8h$1.1M$1.1M20xas long as short
RISEx MSTR/USDC+0.0877%1h$181K$221K10xas long as short