MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h +0.035%

Price spread now: Injective against Lighter+2.500%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 2.500% dearer against Lighter than usual: you sell high and buy low, +$250 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MSTR	165.21	0.0032	pay 0.0004% / 1h	4m 16s	$3.5M	$1.9M	10x
Short	Injective MSTR/USDC PERP	169.34	0.0033	get 0.0004% / 1h	4m 16s	$8K	$26K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.500%Rate

Funding earned: $0.28
Price spread: +2.500% → 0.000%: $249.98
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $250.24
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 3 min ago; Injective: 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, 3 min ago	0.91 bp	3.0 bp −$3	7.5 bp −$75	32.0 bp −$3,196	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Bitget MSTRUSDT	−0.0844%	8h	165.34	+0.079%	$27.7M	$114.8M	25x	as long as short
Gate MSTR_USDT	−0.0015%	8h	165.27	+0.036%	$4.6M	$18.8M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	165.24	+0.018%	$1.8M	$8.5M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	165.23	+0.012%	$20.7M	$100.0M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.48	+0.163%	$2.8M	$73K	10x	as long as short
Lighter MSTRlong	+0.0032%	1h	165.21	long leg	$3.5M	$1.9M	10x
Extended MSTR_24_5-USD	+0.0032%	1h	165.06	−0.088%	$598K	$1.9M	10x	as long as short
Injective MSTR/USDC PERPshort	+0.0033%	1h	169.34	+2.500%	$8K	$26K	30x
Variational Omni MSTR	+0.0040%	8h	165.25	+0.026%	$1.2M	$2.1M	—	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.41	+0.121%	$27K	$110K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	165.33	+0.073%	—	$1.7M	25x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	165.15	−0.036%	$55.0M	$36.8M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.17	−0.024%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.20	−0.006%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.06	−0.091%	$871K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	165.18	−0.018%	$1.4M	$7.5M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.26	+0.030%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.25	+0.024%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.55	+0.206%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.26	+0.030%	$3K	$8K	10x	as long as short
Binance MSTRUSDT	+0.0103%	8h	165.25	+0.022%	$88.0M	$617.0M	50x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.22	+0.004%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0125%	8h	165.20	−0.005%	$66	—	5x	as long as short
edgeX MSTRUSDC	+0.0138%	4h	165.43	+0.130%	$50K	$5.4M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0161%	8h	165.67	+0.279%	$79K	$758K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	165.51	+0.182%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0210%	1h	165.16	−0.029%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0225%	8h	165.28	+0.042%	$1.0M	$2.0M	20x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	165.27	+0.035%	$270K	$448K	10x	as long as short
Phoenix MSTR	+0.0336%	1h	165.63	+0.254%	$56K	$227K	10x	as long as short
Bybit MSTRUSDT	+0.0338%	8h	165.30	+0.054%	$17.2M	$40.6M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0416%	1h	165.24	+0.018%	$281K	$438K	10x	as long as short