Settings8H · net · $10k
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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.063%
Price spread now: BloFin against Lighter−0.006%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$240.237% of the position
Long on LighterShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.222%+$22 on $10k
Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.006%, 7d avg +0.051%
Together, before fees+0.202%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.057% cheaper against Lighter than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.051%). If the spread goes back, that is −$6 on $10k: about 41 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MSTR163.220.0224pay 0.0028% / 1h52m 29s$3.5M$2.0M10x
ShortBloFin MSTR-USDT163.210.0336get 0.0336% / 8h1h 52m$1.0M$2.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$23.56
Price spread: −0.006% → +0.051%
−$5.71
Slippage, 4 orders
−$11.71
Fee Lighter: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$5.86
Costs to cover
0.237%
Break-even
8.7 days
Slippage from Lighter: live order book, 5 min ago; BloFin: live order book, 5 min ago.

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, 5 min ago1.84 bp3.9 bp −$47.9 bp −$7935.8 bp −$3,580doesn't fit
Sell BloFin live order book, 5 min ago0.31 bp7.4 bp −$79.7 bp −$9721.7 bp −$2,168doesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0894%8h163.42+0.123%$28.7M$119.1M25xas long as short
Gate MSTR_USDT0.0000%8h163.30+0.049%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.37+0.092%$2.8M$78K10xas long as short
edgeX MSTRUSDC+0.0012%4h163.35+0.079%$46K$5.4M10xas long as short
Aster MSTRUSDT+0.0017%8h163.20−0.012%$1.8M$8.7M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.02−0.119%$508K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.750%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.45+0.141%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.01−0.129%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.12−0.061%$377K$2.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0050%1h163.20−0.012%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.16−0.037%$843K$3.9M10xas long as short
QFEX MSTR-USD+0.0057%1h163.220.000%$1.3M$7.3M10xas long as short
Pacifica MSTR+0.0100%1h163.19−0.020%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.17−0.031%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.33+0.067%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.23+0.006%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.22+0.001%$135—10xas long as short
OKX MSTR-USDT-SWAP+0.0120%8h163.17−0.031%$20.7M$100.5M50xas long as short
Variational Omni MSTR+0.0143%8h163.37+0.090%$1.2M$2.1M—as long as short
Paradex MSTR-USD-PERP+0.0143%8h163.22−0.002%$65—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.042%$1.4M$1.1M10xas long as short
tradeXYZ xyz:MSTR+0.0185%1h163.12−0.061%$54.1M$37.3M10xas long as short
Binance MSTRUSDT+0.0217%8h163.16−0.037%$83.7M$628.7M50xas long as short
Lighter MSTRlong+0.0224%1h163.22long leg$3.5M$2.0M10x
GRVT MSTR_USDT_Perp+0.0228%8h163.39+0.106%$83K$865K10xas long as short
Nado MSTR-PERP+0.0312%1h163.10−0.071%$130K$157K3xas long as short
Phoenix MSTR+0.0328%1h163.31+0.054%$55K$223K10xas long as short
BloFin MSTR-USDTshort+0.0336%8h163.21−0.006%$1.0M$2.1M20x
Bybit MSTRUSDT+0.0374%8h163.21−0.006%$16.8M$41.8M50xas long as short
RISEx MSTR/USDC+0.0381%1h163.23+0.006%$262K$437K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0792%1h163.26+0.025%$278K$437K10xas long as short