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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0177%/8h= +19.4% APRpaid last 24h +0.040%
Price spread now: Binance against Lighter−0.055%7-day average +0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$180.178% of the position
Long on LighterShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 7 days+0.174%+$17 · spread now −0.055%, 7d avg +0.095%
Together, before fees+0.176%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.150% cheaper against Lighter than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.095%). If the spread goes back, that is −$15 on $10k: about 2.8 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.002% in total) that is about 16 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MSTR163.340.0096pay 0.0012% / 1h36m 36s$3.5M$2.0M10x
ShortBinance MSTRUSDT163.250.0273get 0.0273% / 8h36m 36s$84.1M$621.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$37.23
Price spread: −0.055% → +0.095%
−$15.03
Slippage, 4 orders
−$7.84
Fee Lighter: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
$4.36
Costs to cover
0.178%
Break-even
6.2 days
Slippage from Lighter: live order book, 6 min ago; Binance: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 6 min ago0.91 bp2.3 bp −$26.2 bp −$6240.1 bp −$4,010doesn't fit
Sell Binance live order book, 7 min ago0.31 bp6.0 bp −$69.9 bp −$9932.6 bp −$3,264136.2 bp −$68.1K

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0380%8h163.56+0.135%$29.4M$119.0M25xas long as short
Gate MSTR_USDT0.0000%8h163.37+0.018%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.56+0.135%$2.8M$82K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.08−0.159%$502K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.673%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.80+0.282%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.43+0.055%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.41+0.043%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.42+0.049%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.31−0.018%$864K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0067%1h163.26−0.049%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0079%8h163.32−0.011%$1.8M$8.7M50xas long as short
Lighter MSTRlong+0.0096%1h163.34long leg$3.5M$2.0M10x
Pacifica MSTR+0.0100%1h163.33−0.008%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.33−0.006%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.92+0.355%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.45+0.067%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.28−0.034%$136—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−1.114%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0167%8h163.35+0.006%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0199%8h163.30−0.024%$20.9M$99.9M50xas long as short
Variational Omni MSTR+0.0202%8h164.04+0.430%$1.2M$2.0M—as long as short
Binance MSTRUSDTshort+0.0273%8h163.25−0.055%$84.1M$621.1M50x
GRVT MSTR_USDT_Perp+0.0282%8h163.75+0.250%$85K$849K10xas long as short
Nado MSTR-PERP+0.0288%1h163.17−0.103%$125K$165K3xas long as short
Phoenix MSTR+0.0357%1h163.61+0.163%$56K$223K10xas long as short
BloFin MSTR-USDT+0.0393%8h163.41+0.043%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0414%8h163.31−0.018%$17.1M$41.8M50xas long as short
RISEx MSTR/USDC+0.0493%1h163.31−0.018%$265K$417K10xas long as short
tradeXYZ xyz:MSTR+0.0511%1h163.42+0.049%$53.9M$37.5M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0607%1h163.47+0.080%$278K$437K10xas long as short
edgeX MSTRUSDC+0.0677%4h163.81+0.286%$46K$5.4M10xas long as short