Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.010%
Price spread now: Lighter against KuCoin−0.006%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$510.506% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 7 days−0.049%−$5 · spread now −0.006%, 7d avg −0.036%
=Together, before fees+0.051%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.030% dearer against KuCoin than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.036%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 46 hours. Mind the row above: over the last 7 days funding on this pair paid +0.101%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSTRUSDTM | 163.10 | 0.0100 | pay 0.0100% / 8h | 5m 46s | $2.4M | $2.7M | 20x |
| Short | Lighter MSTR | 163.09 | 0.0048 | get 0.0006% / 1h | 5m 46s | $3.5M | $2.0M | 10x |
KuCoin MSTRUSDTM
Lighter MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.92
- Price spread: −0.006% → −0.036%
- $2.98
- Slippage, 4 orders
- −$38.56
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$58.51
- Costs to cover
- 0.506%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 11 min ago; Lighter: live order book, 7 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 KuCoin live order book, 11 min ago | 1.53 bp | 25.9 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.92 bp | 2.0 bp −$2 | 3.0 bp −$30 | 28.5 bp −$2,851 | 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 | −0.0435% | 8h | 163.35 | +0.153% | $29.5M | $119.2M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.31 | +0.129% | $4.7M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.16 | +0.037% | $2.7M | $84K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.06 | −0.021% | $589K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.826% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.14 | +0.025% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.91 | −0.116% | — | $1.8M | 25x | as long as short |
| Lighter MSTRshort | +0.0048% | 1h | 163.09 | −0.006% | $3.5M | $2.0M | 10x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.06 | −0.025% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.09 | −0.006% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow 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 | 162.97 | −0.080% | $879K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.09 | −0.006% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0074% | 8h | 163.18 | +0.051% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.08 | −0.014% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTMlong | +0.0100% | 8h | 163.10 | long leg | $2.4M | $2.7M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.94 | −0.098% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.17 | +0.043% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.17 | +0.045% | $135 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0132% | 8h | 163.01 | −0.053% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 162.62 | −0.294% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0167% | 1h | 163.04 | −0.039% | $125K | $165K | 3x | as long as short |
| Variational Omni MSTR | +0.0196% | 8h | 163.14 | +0.026% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0200% | 8h | 163.26 | +0.098% | $20.8M | $99.9M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0266% | 8h | 163.09 | −0.008% | $82K | $859K | 10x | as long as short |
| Binance MSTRUSDT | +0.0267% | 8h | 163.21 | +0.070% | $83.9M | $620.5M | 50x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.28 | +0.110% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0388% | 8h | 163.03 | −0.043% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0400% | 8h | 163.23 | +0.080% | $17.1M | $41.7M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0426% | 1h | 163.15 | +0.031% | $53.9M | $37.7M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.16 | +0.040% | $268K | $419K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0541% | 4h | 163.03 | −0.044% | $46K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0547% | 1h | 163.17 | +0.043% | $277K | $437K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Aster MSTRUSDT
Pacifica MSTR
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
RISEx MSTR/USDC
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL