MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h −0.006%

Price spread now: Vest against Lighter−0.030%7-day average −0.855% · you buy dearer than you sell

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

Long on Lighter Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.080%−$8 on $10k

Price spread, last 4 days (all we have)+1.341%+$134 · spread now −0.030%, 7d avg −0.855%

Together, before fees+1.261%+ Points / potential airdropLighter: Season 3 · Vest: Active · farm board+$126 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Vest is 0.824% dearer against Lighter than usual: you sell high and buy low: +$82 more if the spread goes back to its 7-day average of −0.855%. Mind the row above: over the last 3 days funding on this pair cost −0.080%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MSTR	164.10	0.0032	pay 0.0004% / 1h	48m 35s	$3.5M	$1.9M	10x
Short	Vest MSTR-USD-PERP	164.05	0.0046	get 0.0006% / 1h	48m 35s	—	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.030%Rate

Funding earned: $2.87
Price spread: −0.030% → −0.855%: $82.44
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $83.31
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Lighter: live order book, 9 min ago; Vest: 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, 9 min ago	0.91 bp	2.0 bp −$2	6.5 bp −$65	28.0 bp −$2,804	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 31 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	−0.1241%	8h	164.29	+0.116%	$27.5M	$114.3M	25x	as long as short
Gate MSTR_USDT	−0.0018%	8h	164.15	+0.030%	$4.6M	$18.4M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.06	−0.026%	$1.4M	$8.0M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.16	+0.037%	$20.8M	$98.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.30	+0.122%	$2.8M	$70K	10x	as long as short
Variational Omni MSTR	+0.0011%	8h	164.49	+0.239%	$1.2M	$2.0M	—	as long as short
Lighter MSTRlong	+0.0032%	1h	164.10	long leg	$3.5M	$1.9M	10x
Extended MSTR_24_5-USD	+0.0032%	1h	164.02	−0.049%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.193%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.34	+0.146%	$26K	$112K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERPshort	+0.0046%	1h	164.05	−0.030%	—	$1.8M	25x
Polymarket Perps MSTR-USD	+0.0050%	1h	164.08	−0.012%	$382K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.14	+0.024%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.16	+0.037%	$880K	$4.3M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0059%	1h	164.07	−0.018%	$55.0M	$36.6M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	164.15	+0.030%	$1.4M	$7.8M	10x	as long as short
Binance MSTRUSDT	+0.0081%	8h	164.16	+0.037%	$87.7M	$618.3M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.14	+0.026%	$100K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.08	−0.012%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.33	+0.140%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.16	+0.037%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.13	+0.017%	$136	—	10x	as long as short
edgeX MSTRUSDC	+0.0137%	4h	164.24	+0.084%	$50K	$5.4M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0138%	8h	164.08	−0.013%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0154%	8h	164.57	+0.285%	$77K	$772K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.09	−0.006%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0202%	1h	164.04	−0.035%	$122K	$149K	3x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	164.15	+0.031%	$269K	$447K	10x	as long as short
Bybit MSTRUSDT	+0.0330%	8h	164.19	+0.055%	$17.0M	$40.7M	50x	as long as short
Phoenix MSTR	+0.0336%	1h	164.28	+0.108%	$55K	$227K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0603%	1h	164.17	+0.043%	$279K	$438K	10x	as long as short