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 15:00 UTC+0.0133%/8h
paid, last 24h−0.104%paid, last 7 days−0.239%to open and close $10k−$30
Long on LighterShort on edgeX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MSTR165.890.0160pay 0.0020% / 1h35m 28s$3.5M$2.9M10x
ShortedgeX MSTRUSDC165.320.0293get 0.0146% / 4h1h 35m$61K$4.1M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$27.92
Slippage, 4 orders
−$21.42
Fee Lighter: 0 bp × 2 orders
$0
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$2.5
Break-even
7.6 days
Slippage from Lighter: live order book, 4 min ago; edgeX: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.346%
Avg gap 7d
+0.061%
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, 4 min ago0.91 bp4.7 bp −$58.8 bp −$8837.1 bp −$3,705doesn't fit
Sell edgeX live order book, 5 min ago5.76 bp10.7 bp −$1117.7 bp −$177doesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective MSTR/USDC PERP−0.0440%1h$12K$103K30xas long as short
Gate MSTR_USDT0.0000%8h$5.0M$18.5M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$30K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$489K$2.2M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.3M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$419K$1.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$840K$4.3M10xas long as short
QFEX MSTR-USD+0.0057%1h$1.3M$8.9M10xas long as short
Nado MSTR-PERP+0.0062%1h$155K$245K3xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica MSTR+0.0100%1h$101K$176K10xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$131K$2.4M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$14K10xas long as short
Aevo MSTR-PERP+0.0104%1h$137—10xas long as short
Paradex MSTR-USD-PERP+0.0116%8h$66—5xas long as short
KuCoin MSTRUSDTM+0.0119%8h$3.2M$2.1M20xas long as short
Lighter MSTRlong+0.0160%1h$3.5M$2.9M10x
Coinbase International MSTR-PERP-INTX+0.0160%1h$1.5M$1.2M10xas long as short
tradeXYZ xyz:MSTR+0.0163%1h$56.3M$29.5M10xas long as short
Bybit MSTRUSDT+0.0198%8h$15.8M$41.4M50xas long as short
edgeX MSTRUSDCshort+0.0293%4h$61K$4.1M10x
Phoenix MSTR+0.0320%1h$54K$334K10xas long as short
Variational Omni MSTR+0.0350%8h$1.3M$2.1M—as long as short
OKX MSTR-USDT-SWAP+0.0370%8h$21.7M$95.6M50xas long as short
Bitget MSTRUSDT+0.0411%8h$28.7M$105.5M25xas long as short
Binance MSTRUSDT+0.0422%8h$85.7M$473.7M50xas long as short
Aster MSTRUSDT+0.0455%8h$1.6M$4.9M50xas long as short
BloFin MSTR-USDT+0.0552%8h$1.1M$1.4M20xas long as short
RISEx MSTR/USDC+0.0566%1h$193K$391K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0657%1h$281K$450K10xas long as short
Arcus MSTR-USD+0.0991%1h$26K$123K10xas long as short