MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h +0.016%

Price spread now: Lighter against Vest−0.030%7-day average +0.879% · you buy dearer than you sell

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

Long on Vest Short on Lighter

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 3 days (all we have)−0.283%−$28 · spread now −0.030%, 7d avg +0.879%

Together, before fees−0.203%+ Points / potential airdropVest: Active · Lighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Lighter is 0.908% cheaper against Vest than usual: you would sell low and buy high (−$91 if the spread goes back to its 7-day average of +0.879%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.080%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSTR-USD-PERP	168.92	0.0046	pay 0.0006% / 1h	13m 31s	—	$2.1M	25x
Short	Lighter MSTR	168.87	0.0032	get 0.0004% / 1h	13m 31s	$3.6M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Vest. 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 VestbpFee LighterbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$2.87
Price spread: −0.030% → +0.879%: −$90.84
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Lighter: 0 bp × 2 orders: $0
Net: −$95.71
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Lighter: live order book, 4 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 Vest no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	1.48 bp	6.1 bp −$6	10.3 bp −$103	40.3 bp −$4,029	doesn't fit

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 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
Nado MSTR-PERP	−0.0047%	1h	168.87	−0.032%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.89	−0.020%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.86	−0.036%	$21.9M	$106.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.83	−0.053%	$4.7M	$19.5M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	168.95	+0.018%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.89	−0.018%	$2.9M	$66K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	168.87	−0.027%	$275K	$441K	10x	as long as short
edgeX MSTRUSDC	+0.0011%	4h	168.93	+0.007%	$47K	$5.5M	10x	as long as short
Lighter MSTRshort	+0.0032%	1h	168.87	−0.030%	$3.6M	$2.4M	10x
Extended MSTR_24_5-USD	+0.0032%	1h	168.78	−0.081%	$581K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	+0.0033%	8h	168.86	−0.036%	$28.7M	$120.0M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0037%	8h	168.88	−0.023%	$77K	$871K	10x	as long as short
Vest MSTR-USD-PERPlong	+0.0046%	1h	168.92	long leg	—	$2.1M	25x
Binance MSTRUSDT	+0.0049%	8h	168.87	−0.030%	$89.1M	$629.2M	50x	as long as short
QFEX MSTR-USD	+0.0049%	1h	168.84	−0.047%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.84	−0.047%	$394K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.83	−0.053%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.76	−0.095%	$772K	$5.2M	10x	as long as short
BloFin MSTR-USDT	+0.0064%	8h	168.91	−0.006%	$1.1M	$1.9M	20x	as long as short
Bybit MSTRUSDT	+0.0069%	8h	168.87	−0.030%	$15.1M	$40.4M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.101%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	168.87	−0.031%	$104K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.82	−0.059%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.89	−0.018%	$4K	$310K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.88	−0.024%	$3K	$11K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0102%	8h	168.84	−0.044%	$68	—	5x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	168.88	−0.024%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.86	−0.035%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0133%	1h	168.83	−0.053%	$57.0M	$37.2M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	168.87	−0.033%	$56K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0461%	1h	168.98	+0.036%	$287K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	168.93	+0.006%	$27K	$129K	10x	as long as short