MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h −0.017%

Price spread now: Lighter against SoDEX+0.006%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSTR-USD	165.94	0.0050	pay 0.0006% / 1h	12m 26s	$44K	$3K	10x
Short	Lighter MSTR	165.95	0.0056	get 0.0007% / 1h	12m 26s	$3.5M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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 SoDEXbpFee LighterbpOrdersPrice spread, now +0.006%Rate

Funding earned: $1.26
Price spread: +0.006% → 0.000%: $0.6
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.14
Costs to cover: 0.080%
Break-even: 41.1 days

Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 3 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 SoDEX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 3 min ago	1.51 bp	3.1 bp −$3	4.5 bp −$45	34.0 bp −$3,399	doesn't fit

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 exchanges

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
Gate MSTR_USDT	0.0000%	8h	166.08	+0.084%	$4.9M	$18.4M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.11	+0.102%	$32.0M	$106.9M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.07	+0.078%	$2.8M	$85K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.86	−0.051%	$511K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.16	+0.133%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.00	+0.036%	$383K	$2.4M	10x	as long as short
SoDEX MSTR-USDlong	+0.0050%	1h	165.94	long leg	$44K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.86	−0.048%	$882K	$3.3M	10x	as long as short
Lighter MSTRshort	+0.0056%	1h	165.95	+0.006%	$3.5M	$1.8M	10x
QFEX MSTR-USD	+0.0076%	1h	165.93	−0.006%	$1.3M	$6.3M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	165.89	−0.030%	$101K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.02	+0.048%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.01	+0.042%	$6K	$162K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.98	+0.024%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.97	+0.018%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0105%	8h	165.97	+0.020%	$66	—	5x	as long as short
Nado MSTR-PERP	+0.0105%	1h	165.83	−0.068%	$127K	$133K	3x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	165.78	−0.096%	$1.4M	$393K	10x	as long as short
Aster MSTRUSDT	+0.0210%	8h	166.03	+0.054%	$1.8M	$7.0M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0275%	8h	166.02	+0.048%	$21.6M	$85.4M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0277%	1h	166.07	+0.078%	$54.9M	$34.8M	10x	as long as short
Bybit MSTRUSDT	+0.0282%	8h	166.07	+0.078%	$17.1M	$38.6M	50x	as long as short
Variational Omni MSTR	+0.0300%	8h	166.06	+0.072%	$1.2M	$1.7M	—	as long as short
Phoenix MSTR	+0.0355%	1h	165.98	+0.025%	$55K	$217K	10x	as long as short
Binance MSTRUSDT	+0.0392%	8h	166.03	+0.056%	$87.0M	$547.8M	50x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	165.22	−0.434%	$7K	$28K	30x	as long as short
GRVT MSTR_USDT_Perp	+0.0452%	8h	166.25	+0.186%	$78K	$842K	10x	as long as short
BloFin MSTR-USDT	+0.0512%	8h	166.01	+0.042%	$1.1M	$2.0M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0594%	1h	165.96	+0.012%	$282K	$209K	10x	as long as short
RISEx MSTR/USDC	+0.0598%	1h	166.06	+0.069%	$274K	$353K	10x	as long as short
edgeX MSTRUSDC	+0.0681%	4h	166.08	+0.087%	$49K	$5.1M	10x	as long as short
Arcus MSTR-USD	+0.0942%	1h	166.11	+0.102%	$26K	$71K	10x	as long as short