MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0269%/8h= +29.5% APRnext payment +$0.34 per $10,000 · paid last 24h +0.032%

Price spread now: Injective against Lighter+2.936%96s7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

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 +$8 a day on $10k at the current rate, and Injective is 2.936% dearer against Lighter than usual: you sell high and buy low: +$294 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 96 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 -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 per $10,000. 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	164.51	0.0072	pay 0.0009% / 1h	19m 42s	$3.5M	$1.9M	10x
Short	Injective MSTR/USDC PERP	169.34	0.0341	get 0.0043% / 1h	19m 42s	$8K	$26K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee LighterbpFee InjectivebpOrdersPrice spread, now +2.936%Rate

Funding earned: $56.54
Price spread: +2.936% → 0.000%: $293.6
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $350.12
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 3 min ago; Injective: no order-book sample. 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 Lighter live order book, 3 min ago	0.30 bp	2.9 bp −$3	7.5 bp −$75	33.0 bp −$3,300	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 31 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	−0.1059%	8h	164.74	+0.140%	$27.5M	$115.5M	25x	as long as short
Gate MSTR_USDT	−0.0161%	8h	164.63	+0.073%	$4.6M	$19.1M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.58	+0.045%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.61	+0.061%	$20.9M	$100.6M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.61	+0.063%	$269K	$447K	10x	as long as short
Variational Omni MSTR	0.0000%	8h	164.70	+0.118%	$1.2M	$2.1M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.71	+0.122%	$2.8M	$68K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.43	−0.049%	$596K	$2.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.80	+0.176%	$27K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.54	+0.018%	—	$1.8M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.37	−0.085%	$910K	$4.6M	10x	as long as short
Binance MSTRUSDT	+0.0062%	8h	164.63	+0.073%	$87.8M	$623.8M	50x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.58	+0.043%	$1.4M	$8.2M	10x	as long as short
SoDEX MSTR-USD	+0.0064%	1h	164.46	−0.030%	$43K	$3K	10x	as long as short
Lighter MSTRlong	+0.0072%	1h	164.51	long leg	$3.5M	$1.9M	10x
Polymarket Perps MSTR-USD	+0.0092%	1h	164.49	−0.012%	$383K	$2.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.58	+0.042%	$101K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.49	−0.012%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.85	+0.207%	$4K	$188K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.43	−0.049%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.46	−0.031%	$137	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0148%	8h	165.00	+0.297%	$79K	$810K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.40	−0.067%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0173%	8h	164.54	+0.016%	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0244%	1h	164.50	−0.006%	$55.2M	$36.9M	10x	as long as short
Injective MSTR/USDC PERPshort	+0.0341%	1h	169.34	+2.936%	$8K	$26K	30x
Nado MSTR-PERP	+0.0371%	1h	164.36	−0.092%	$111K	$143K	3x	as long as short
Phoenix MSTR	+0.0381%	1h	164.99	+0.294%	$55K	$219K	10x	as long as short
Bybit MSTRUSDT	+0.0384%	8h	164.65	+0.085%	$17.1M	$41.2M	50x	as long as short
edgeX MSTRUSDC	+0.0596%	4h	164.80	+0.175%	$48K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0906%	1h	164.52	+0.006%	$280K	$438K	10x	as long as short