data as of
Settings8H · net · $10k
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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 19:00 UTC+0.0104%/8h
paid, last 24h+0.043%paid, last 3 days−0.159%to open and close $10k−$18
Long on LighterShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MSTR166.530.0032pay 0.0004% / 1h1m 55s$3.5M$2.6M10x
ShortBinance MSTRUSDT166.480.0136get 0.0136% / 8h5h 01m$87.5M$600.5M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$21.8
Slippage, 4 orders
−$8.2
Fee Lighter: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
$3.6
Break-even
5.8 days
Slippage from Lighter: live order book, 2 min ago; Binance: live order book, 13 min ago.

Price risk

price view
Price gap now
−0.030%
Avg gap 7d
+0.045%
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 Lighter live order book, 2 min ago1.20 bp2.9 bp −$34.9 bp −$4930.9 bp −$3,089doesn't fit
Sell Binance live order book, 13 min ago0.30 bp5.4 bp −$58.5 bp −$8521.2 bp −$2,12486.0 bp −$43.0K

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
RISEx MSTR/USDC0.0000%1h$289K$471K10xas long as short
Gate MSTR_USDT0.0000%8h$4.8M$18.8M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$47K10xas long as short
Nado MSTR-PERP+0.0021%1h$124K$218K3xas long as short
Lighter MSTRlong+0.0032%1h$3.5M$2.6M10x
Extended MSTR_24_5-USD+0.0032%1h$577K$2.0M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.9M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$406K$2.4M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$776K$4.7M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
QFEX MSTR-USD+0.0065%1h$1.4M$9.8M10xas long as short
Variational Omni MSTR+0.0075%8h$1.2M$2.4M—as long as short
Paradex MSTR-USD-PERP+0.0076%8h$67—5xas long as short
tradeXYZ xyz:MSTR+0.0094%1h$56.6M$34.1M10xas long as short
Pacifica MSTR+0.0100%1h$102K$152K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h$2.6M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$4K$1.4M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0104%1h$1.4M$1.1M10xas long as short
OKX MSTR-USDT-SWAP+0.0110%8h$22.2M$102.7M50xas long as short
Aster MSTRUSDT+0.0121%8h$1.3M$6.1M50xas long as short
Binance MSTRUSDTshort+0.0136%8h$87.5M$600.5M50x
edgeX MSTRUSDC+0.0159%4h$45K$5.2M10xas long as short
Injective MSTR/USDC PERP+0.0188%1h$12K$48K30xas long as short
Bitget MSTRUSDT+0.0221%8h$28.5M$113.2M25xas long as short
Phoenix MSTR+0.0237%1h$55K$384K10xas long as short
BloFin MSTR-USDT+0.0258%8h$1.1M$1.6M20xas long as short
Bybit MSTRUSDT+0.0289%8h$15.5M$40.2M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0531%1h$283K$439K10xas long as short
Arcus MSTR-USD+0.0553%1h$27K$125K10xas long as short