Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.064%
Price spread now: Gate against Lighter+0.041%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 7 days+0.199%+$20 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now +0.041%, 7d avg +0.082%
=Together, before fees+0.208%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.041% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.082%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.199%, 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 | Lighter MSTR | 168.93 | 0.0032 | pay 0.0004% / 1h | 46m 37s | $3.6M | $2.5M | 10x |
| Short | Gate MSTR_USDT | 169.00 | 0 | get 0.0000% / 8h | 1h 46m | $4.8M | $19.3M | 50x |
Lighter MSTR
Gate MSTR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Lighter. 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
- −$6.72
- Price spread: +0.041% → +0.082%
- −$4.07
- Slippage, 4 orders
- −$20.37
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$46.15
- Costs to cover
- 0.354%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Gate: live order book, 2 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 Lighter live order book, 6 min ago | 1.18 bp | 3.9 bp −$4 | 6.2 bp −$62 | 30.6 bp −$3,060 | doesn't fit |
| Sell Gate live order book, 2 min ago | 0.89 bp | 13.5 bp −$13 | 49.6 bp −$496 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0083% | 1h | 169.09 | +0.092% | $139K | $97K | 3x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.01 | +0.049% | $1.2M | $6.2M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.01 | +0.049% | $88.3M | $629.2M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 168.95 | +0.012% | $22.1M | $106.8M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.02 | +0.053% | $275K | $446K | 10x | as long as short |
| Gate MSTR_USDTshort | 0.0000% | 8h | 169.00 | +0.041% | $4.8M | $19.3M | 50x | |
| Variational Omni MSTR | 0.0000% | 8h | 169.20 | +0.160% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.23 | +0.178% | $74K | $935K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.01 | +0.047% | $2.9M | $60K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0007% | 8h | 169.02 | +0.053% | $1.1M | $1.8M | 20x | as long as short |
Nado MSTR-PERP
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTRlong | +0.0032% | 1h | 168.93 | long leg | $3.6M | $2.5M | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.00 | +0.041% | $585K | $1.8M | 10x | as long as short |
| QFEX MSTR-USD | +0.0042% | 1h | 169.02 | +0.053% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.12 | +0.112% | — | $2.1M | 25x | as long as short |
| Bitget MSTRUSDT | +0.0049% | 8h | 169.01 | +0.047% | $28.8M | $119.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.01 | +0.047% | $403K | $2.5M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 168.96 | +0.018% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.09 | +0.095% | $752K | $5.1M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.93 | 0.000% | $1.5M | $1.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0078% | 8h | 168.98 | +0.031% | $68 | — | 5x | as long as short |
| Bybit MSTRUSDT | +0.0079% | 8h | 169.07 | +0.083% | $15.2M | $40.9M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.01 | +0.045% | $103K | $114K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.03 | +0.059% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.02 | +0.053% | $4K | $661K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.07 | +0.083% | $3K | $12K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0100% | 1h | 168.99 | +0.036% | $56.9M | $38.0M | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.06 | +0.075% | $140 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0223% | 1h | 169.07 | +0.083% | $287K | $439K | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.12 | +0.110% | $57K | $394K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.25 | +0.189% | $13K | $22K | 30x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.09 | +0.095% | $27K | $134K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0654% | 4h | 169.21 | +0.167% | $48K | $5.4M | 10x | as long as short |
Extended MSTR_24_5-USD
QFEX MSTR-USD
Vest MSTR-USD-PERP
Bitget MSTRUSDT
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Bybit MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
tradeXYZ xyz:MSTR
Aevo MSTR-PERP
Deribit MSTR_USDC-PERPETUAL
Phoenix MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD
edgeX MSTRUSDC