MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.001%

Price spread now: Aevo against Lighter+0.049%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Aevo

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

The price spread pays, funding is against you. Aevo is 0.049% dearer against Lighter than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MSTR	169.30	0.0128	pay 0.0016% / 1h	40m 25s	$3.6M	$2.4M	10x
Short	Aevo MSTR-PERP	169.38	0.0104	get 0.0013% / 1h	40m 25s	$141	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now +0.049%Rate

Funding earned: −$5.04
Price spread: +0.049% → 0.000%: $4.85
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$16.19
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 2 min ago; Aevo: no order-book sample. 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 Lighter live order book, 2 min ago	1.18 bp	3.7 bp −$4	9.1 bp −$91	34.0 bp −$3,400	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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
Aster MSTRUSDT	0.0000%	8h	169.40	+0.057%	$1.3M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.26	−0.024%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.63	+0.197%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.42	+0.071%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.28	−0.012%	$276K	$442K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0025%	8h	169.25	−0.030%	$22.1M	$106.5M	50x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.41	+0.065%	—	$2.1M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0046%	8h	169.45	+0.089%	$77K	$879K	10x	as long as short
BloFin MSTR-USDT	+0.0046%	8h	169.37	+0.041%	$1.1M	$1.8M	20x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.28	−0.012%	$1.5M	$10.2M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	169.22	−0.047%	$389K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.36	+0.035%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.19	−0.065%	$782K	$5.2M	10x	as long as short
Nado MSTR-PERP	+0.0061%	1h	169.19	−0.067%	$139K	$97K	3x	as long as short
Bitget MSTRUSDT	+0.0063%	8h	169.21	−0.053%	$28.7M	$120.0M	25x	as long as short
Extended MSTR_24_5-USD	+0.0064%	1h	169.18	−0.069%	$583K	$1.8M	10x	as long as short
Binance MSTRUSDT	+0.0064%	8h	169.26	−0.024%	$89.2M	$628.9M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	169.32	+0.012%	$1.5M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.27	−0.018%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.22	−0.047%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.22	−0.047%	$4K	$357K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.40	+0.059%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.08	−0.130%	$13K	$21K	30x	as long as short
Aevo MSTR-PERPshort	+0.0104%	1h	169.38	+0.049%	$141	—	10x
Bybit MSTRUSDT	+0.0110%	8h	169.28	−0.012%	$15.2M	$40.5M	50x	as long as short
Lighter MSTRlong	+0.0128%	1h	169.30	long leg	$3.6M	$2.4M	10x
Paradex MSTR-USD-PERP	+0.0147%	8h	169.26	−0.022%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0212%	1h	169.24	−0.035%	$57.1M	$37.5M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.52	+0.132%	$57K	$392K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.37	+0.041%	$27K	$129K	10x	as long as short
edgeX MSTRUSDC	+0.0778%	4h	169.65	+0.207%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0932%	1h	169.38	+0.047%	$288K	$438K	10x	as long as short