Funding you earn now, next payment 03:00 UTC+0.0441%/8h= +48.2% APRpaid last 24h +0.171%
Price spread now: edgeX against Lighter+0.183%49s7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.273% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 7 days−0.104%−$10 · spread now +0.183%, 7d avg +0.058%
=Together, before fees−0.164%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and edgeX is 0.125% dearer against Lighter than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.058%. Mind the row above: over the last 7 days funding on this pair cost −0.059%, so the current rate has only just turned in your favour. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% in total (about -3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MSTR | 164.86 | 0.0032 | pay 0.0004% / 1h | 26m 23s | $3.5M | $1.9M | 10x |
| Short | edgeX MSTRUSDC | 165.16 | 0.0473 | get 0.0236% / 4h | 1h 26m | $50K | $5.4M | 10x |
Lighter MSTR
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $92.52
- Price spread: +0.183% → +0.058%
- $12.46
- Slippage, 4 orders
- −$18.3
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $77.67
- Costs to cover
- 0.273%
- Break-even
- 1.1 days
Slippage from Lighter: live order book, 6 min ago; edgeX: live order book, 3 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 Lighter live order book, 6 min ago | 0.61 bp | 2.8 bp −$3 | 5.0 bp −$50 | 30.4 bp −$3,039 | doesn't fit |
| Sell edgeX live order book, 3 min ago | 4.84 bp | 9.9 bp −$10 | 16.6 bp −$166 | doesn't fit | 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 | −0.1164% | 8h | 165.13 | +0.164% | $27.8M | $114.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.91 | +0.030% | $1.9M | $8.5M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 165.07 | +0.127% | $20.7M | $99.9M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 165.08 | +0.133% | $4.6M | $18.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 165.03 | +0.103% | $2.8M | $71K | 10x | as long as short |
| Lighter MSTRlong | +0.0032% | 1h | 164.86 | long leg | $3.5M | $1.9M | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.85 | −0.006% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.717% | $8K | $26K | 30x | as long as short |
| Variational Omni MSTR | +0.0034% | 8h | 165.14 | +0.171% | $1.2M | $2.1M | — | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 165.08 | +0.133% | $27K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Variational Omni MSTR
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 165.00 | +0.085% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.96 | +0.061% | $384K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.78 | −0.049% | $862K | $4.2M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.93 | +0.042% | $1.4M | $7.6M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0067% | 1h | 164.93 | +0.042% | $54.9M | $36.8M | 10x | as long as short |
| Binance MSTRUSDT | +0.0099% | 8h | 165.05 | +0.116% | $88.4M | $618.2M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.89 | +0.020% | $101K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.89 | +0.018% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 165.15 | +0.176% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 165.01 | +0.091% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 165.02 | +0.098% | $137 | — | 10x | as long as short |
| SoDEX MSTR-USD | +0.0133% | 1h | 165.03 | +0.103% | $43K | $3K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0139% | 8h | 164.92 | +0.036% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0167% | 8h | 165.20 | +0.206% | $77K | $763K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.467% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0218% | 1h | 164.93 | +0.045% | $122K | $150K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0221% | 8h | 165.00 | +0.085% | $1.0M | $2.0M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 165.02 | +0.099% | $270K | $447K | 10x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 165.09 | +0.140% | $56K | $227K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0339% | 8h | 165.08 | +0.133% | $17.2M | $40.7M | 50x | as long as short |
| edgeX MSTRUSDCshort | +0.0473% | 4h | 165.16 | +0.183% | $50K | $5.4M | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.0902% | 1h | 165.09 | +0.140% | $281K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
tradeXYZ xyz:MSTR
Binance MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
SoDEX MSTR-USD
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
BloFin MSTR-USDT
RISEx MSTR/USDC
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL