MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.017%

Price spread now: SoDEX against Lighter−0.012%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 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	163.94	0.0032	pay 0.0004% / 1h	46m 08s	$3.5M	$1.9M	10x
Short	SoDEX MSTR-USD	163.92	0.0050	get 0.0006% / 1h	46m 08s	$43K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $3.78
Price spread: −0.012% → 0.000%: −$1.22
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$5.44
Costs to cover: 0.080%
Break-even: 17.1 days

Slippage unknown: Lighter: live order book, 11 min ago; SoDEX: 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, 11 min ago	0.91 bp	2.0 bp −$2	6.5 bp −$65	28.0 bp −$2,804	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.1260%	8h	164.23	+0.177%	$27.5M	$114.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.89	−0.030%	$1.4M	$8.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.05	+0.067%	$20.8M	$98.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.01	+0.043%	$4.6M	$18.4M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.02	+0.049%	$2.8M	$70K	10x	as long as short
Variational Omni MSTR	+0.0011%	8h	164.49	+0.337%	$1.2M	$2.0M	—	as long as short
Lighter MSTRlong	+0.0032%	1h	163.94	long leg	$3.5M	$1.9M	10x
Extended MSTR_24_5-USD	+0.0032%	1h	163.85	−0.055%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.294%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.19	+0.152%	$26K	$112K	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	163.82	−0.073%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.90	−0.024%	$382K	$2.7M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	163.92	−0.012%	$43K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.01	+0.043%	$878K	$4.2M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	163.91	−0.018%	$1.4M	$7.8M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0062%	1h	163.94	0.000%	$54.9M	$36.6M	10x	as long as short
edgeX MSTRUSDC	+0.0074%	4h	164.22	+0.172%	$50K	$5.4M	10x	as long as short
Binance MSTRUSDT	+0.0081%	8h	164.02	+0.046%	$87.8M	$618.6M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	163.85	−0.055%	$100K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.91	−0.018%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.09	+0.091%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.95	+0.006%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.95	+0.007%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0135%	8h	163.89	−0.031%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0154%	8h	164.57	+0.383%	$77K	$772K	10x	as long as short
Nado MSTR-PERP	+0.0199%	1h	163.91	−0.015%	$122K	$149K	3x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.09	+0.091%	$1.4M	$1.1M	10x	as long as short
BloFin MSTR-USDT	+0.0201%	8h	163.97	+0.018%	—	$1.9M	20x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	163.91	−0.018%	$268K	$447K	10x	as long as short
Bybit MSTRUSDT	+0.0327%	8h	164.06	+0.073%	$17.0M	$40.7M	50x	as long as short
Phoenix MSTR	+0.0336%	1h	164.28	+0.206%	$55K	$227K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0726%	1h	164.04	+0.061%	$279K	$438K	10x	as long as short