MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0159%/8h= −17.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.091%

Price spread now: Lighter against RISEx−0.037%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on RISEx Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.223%−$22 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now −0.037%, 7d avg −0.063%

Together, before fees−0.337%+ Points / potential airdropLighter: Season 3 · farm board−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.026% dearer against RISEx than usual: you sell high and buy low (spread −0.037% now, against its 7-day average of −0.063%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	164.20	0.0231	pay 0.0029% / 1h	40m 26s	$266K	$445K	10x
Short	Lighter MSTR	164.14	0.0072	get 0.0009% / 1h	40m 26s	$3.5M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against RISEx. 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 RISExbpFee LighterbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$33.34
Price spread: −0.037% → −0.063%: $2.61
Slippage, 4 orders: −$11.17
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$47.89
Costs to cover: 0.172%
Break-even: never at this rate

Slippage from RISEx: live order book, 13 min ago; Lighter: live order book, 7 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 RISEx live order book, 13 min ago	2.73 bp	5.7 bp −$6	6.6 bp −$66	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	1.22 bp	2.3 bp −$2	5.4 bp −$54	30.8 bp −$3,081	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	−0.0895%	8h	164.34	+0.085%	$27.8M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.06	−0.083%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.24	+0.024%	$4.6M	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.14	−0.037%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.01	−0.113%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.130%	$8K	$26K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0038%	8h	164.23	+0.018%	$20.6M	$99.5M	50x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.29	+0.055%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.94	−0.158%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.13	−0.043%	$380K	$2.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	164.12	−0.049%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.07	−0.079%	$853K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.17	−0.018%	$1.4M	$7.3M	10x	as long as short
Lighter MSTRshort	+0.0072%	1h	164.14	−0.037%	$3.5M	$1.9M	10x
Variational Omni MSTR	+0.0094%	8h	164.16	−0.027%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.14	−0.038%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.05	−0.091%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.24	+0.024%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.99	−0.128%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.05	−0.091%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0137%	8h	164.14	−0.038%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0158%	8h	164.19	−0.006%	$86.8M	$615.9M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0167%	8h	164.42	+0.133%	$75K	$803K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.96	−0.146%	$1.4M	$1.1M	10x	as long as short
RISEx MSTR/USDClong	+0.0231%	1h	164.20	long leg	$266K	$445K	10x
tradeXYZ xyz:MSTR	+0.0250%	1h	164.14	−0.037%	$54.7M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0256%	1h	164.05	−0.093%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	164.12	−0.049%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0331%	8h	164.20	0.000%	$16.7M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.53	+0.202%	$56K	$226K	10x	as long as short
edgeX MSTRUSDC	+0.0797%	4h	164.29	+0.053%	$49K	$5.3M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0848%	1h	164.09	−0.067%	$279K	$438K	10x	as long as short