MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h −0.012%

Price spread now: Lighter against Aevo+0.047%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.047% dearer against Aevo than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSTR-PERP	162.85	0.0104	pay 0.0013% / 1h	29m 20s	$135	—	10x
Short	Lighter MSTR	162.93	0.0160	get 0.0020% / 1h	29m 20s	$3.5M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now +0.047%Rate

Funding earned: $11.76
Price spread: +0.047% → 0.000%: $4.73
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: $0.49
Costs to cover: 0.160%
Break-even: 6.7 days

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 8 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 Aevo no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	0.92 bp	2.4 bp −$2	6.3 bp −$63	32.6 bp −$3,257	doesn't fit

Aevo: 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	−0.0949%	8h	163.13	+0.170%	$28.7M	$118.7M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.88	+0.017%	$4.7M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.88	+0.017%	$2.7M	$78K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.67	−0.112%	$508K	$2.0M	10x	as long as short
Aster MSTRUSDT	+0.0033%	8h	162.83	−0.014%	$1.8M	$8.7M	50x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.983%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.84	−0.008%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.55	−0.186%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.82	−0.020%	$377K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.83	−0.014%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.57	−0.174%	$849K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	162.90	+0.029%	$1.3M	$7.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.95	+0.060%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.78	−0.045%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.59	−0.162%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.85	−0.002%	$2K	$13K	10x	as long as short
Aevo MSTR-PERPlong	+0.0104%	1h	162.85	long leg	$135	—	10x
OKX MSTR-USDT-SWAP	+0.0149%	8h	162.87	+0.010%	$20.7M	$100.2M	50x	as long as short
Variational Omni MSTR	+0.0151%	8h	162.75	−0.065%	$1.2M	$2.1M	—	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−0.819%	$1.4M	$1.1M	10x	as long as short
Lighter MSTRshort	+0.0160%	1h	162.93	+0.047%	$3.5M	$2.0M	10x
Paradex MSTR-USD-PERP	+0.0162%	8h	162.86	+0.006%	$65	—	5x	as long as short
Binance MSTRUSDT	+0.0230%	8h	162.87	+0.009%	$83.8M	$627.4M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0242%	8h	162.87	+0.010%	$77K	$878K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0280%	1h	162.77	−0.051%	$54.0M	$37.4M	10x	as long as short
edgeX MSTRUSDC	+0.0290%	4h	162.68	−0.106%	$45K	$5.4M	10x	as long as short
Phoenix MSTR	+0.0328%	1h	162.77	−0.050%	$55K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0350%	8h	162.76	−0.057%	$1.0M	$2.1M	20x	as long as short
Nado MSTR-PERP	+0.0351%	1h	162.81	−0.027%	$130K	$157K	3x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	162.89	+0.023%	$264K	$428K	10x	as long as short
Bybit MSTRUSDT	+0.0382%	8h	162.85	−0.002%	$16.8M	$41.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0979%	1h	162.87	+0.010%	$277K	$437K	10x	as long as short