Funding you earn now, next payment 05:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.019%
Price spread now: Phemex against Lighter+0.049%7-day average +0.065% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.241%−$24 on $10k
+Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.049%, 7d avg +0.065%
=Together, before fees−0.335%+ Points / potential airdropLighter: Season 3 · farm board−$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.065%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MSTR | 164.24 | 0.0072 | pay 0.0009% / 1h | 43m 03s | $3.5M | $1.9M | 10x |
| Short | Phemex MSTRUSDT | 164.32 | 0 | get 0.0000% / 4h | 3h 43m | $2.8M | $76K | 10x |
Lighter MSTR
Phemex MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$15.12
- Price spread: +0.049% → +0.065%
- −$1.62
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$28.74
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 4 min ago; Phemex: live order book, 6 min ago. 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, 4 min ago | 1.22 bp | 3.4 bp −$3 | 7.4 bp −$74 | 41.6 bp −$4,159 | doesn't fit |
| Sell Phemex live order book, 6 min ago | 2.43 bp | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0884% | 8h | 164.43 | +0.116% | $27.8M | $115.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.31 | +0.041% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.34 | +0.061% | $4.6M | $18.9M | 50x | as long as short |
| Phemex MSTRUSDTshort | 0.0000% | 4h | 164.32 | +0.049% | $2.8M | $76K | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.07 | −0.104% | $593K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.105% | $8K | $26K | 30x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0036% | 8h | 164.24 | 0.000% | $20.7M | $99.5M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0038% | 4h | 164.50 | +0.156% | $49K | $5.3M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.44 | +0.122% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.13 | −0.067% | — | $1.7M | 25x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
OKX MSTR-USDT-SWAP
edgeX MSTRUSDC
Arcus MSTR-USD
Vest MSTR-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.22 | −0.012% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.28 | +0.024% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.27 | +0.018% | $855K | $4.0M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 164.25 | +0.006% | $1.4M | $7.3M | 10x | as long as short |
| Lighter MSTRlong | +0.0072% | 1h | 164.24 | long leg | $3.5M | $1.9M | 10x | |
| Pacifica MSTR | +0.0100% | 1h | 164.24 | −0.001% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.27 | +0.018% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.28 | +0.024% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.30 | +0.037% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0101% | 8h | 164.45 | +0.126% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.34 | +0.058% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0137% | 8h | 164.23 | −0.005% | $66 | — | 5x | as long as short |
| Binance MSTRUSDT | +0.0158% | 8h | 164.26 | +0.012% | $86.8M | $615.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0167% | 8h | 164.42 | +0.108% | $75K | $803K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.21 | −0.018% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.29 | +0.033% | $266K | $445K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0248% | 1h | 164.24 | 0.000% | $54.7M | $37.0M | 10x | as long as short |
| Nado MSTR-PERP | +0.0253% | 1h | 164.15 | −0.058% | $121K | $148K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0278% | 8h | 164.32 | +0.049% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0335% | 8h | 164.24 | 0.000% | $16.7M | $40.8M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.53 | +0.178% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1030% | 1h | 164.33 | +0.055% | $279K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL