MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h −0.004%

Price spread now: Ondo Perps against Lighter−0.037%7-day average −0.007% · you buy dearer than you sell

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

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days−0.033%−$3 · spread now −0.037%, 7d avg −0.007%

Together, before fees−0.025%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.030% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MSTR	162.83	0.0128	pay 0.0016% / 1h	41m 28s	$3.5M	$2.0M	10x
Short	Ondo Perps MSTR-USD.P	162.77	0.0050	get 0.0006% / 1h	41m 28s	$854K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$16.3
Price spread: −0.037% → −0.007%: −$2.99
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$24.29
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 6 min ago; Ondo Perps: 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, 6 min ago	0.61 bp	0.6 bp −$1	5.7 bp −$57	32.0 bp −$3,200	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0902%	8h	163.06	+0.141%	$28.7M	$119.1M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.93	+0.061%	$4.7M	$19.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.32	+0.301%	$2.7M	$78K	10x	as long as short
Aster MSTRUSDT	+0.0025%	8h	162.83	−0.002%	$1.8M	$8.7M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.67	−0.098%	$506K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.998%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.98	+0.092%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.50	−0.203%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.74	−0.055%	$376K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.74	−0.055%	$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.Pshort	+0.0050%	1h	162.77	−0.037%	$854K	$3.9M	10x
QFEX MSTR-USD	+0.0057%	1h	162.81	−0.012%	$1.3M	$7.3M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.83	+0.003%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.79	−0.025%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.84	+0.006%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.84	+0.006%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.85	+0.013%	$135	—	10x	as long as short
Lighter MSTRlong	+0.0128%	1h	162.83	long leg	$3.5M	$2.0M	10x
OKX MSTR-USDT-SWAP	+0.0134%	8h	162.87	+0.025%	$20.7M	$100.3M	50x	as long as short
Variational Omni MSTR	+0.0147%	8h	162.88	+0.029%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0150%	8h	162.80	−0.016%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−0.805%	$1.4M	$1.1M	10x	as long as short
edgeX MSTRUSDC	+0.0172%	4h	162.89	+0.039%	$46K	$5.4M	10x	as long as short
Binance MSTRUSDT	+0.0224%	8h	162.80	−0.016%	$83.6M	$628.5M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0236%	8h	162.97	+0.086%	$79K	$867K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0236%	1h	162.73	−0.061%	$54.0M	$37.3M	10x	as long as short
Phoenix MSTR	+0.0328%	1h	162.99	+0.096%	$55K	$223K	10x	as long as short
Nado MSTR-PERP	+0.0335%	1h	162.75	−0.052%	$130K	$157K	3x	as long as short
BloFin MSTR-USDT	+0.0344%	8h	162.97	+0.086%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0379%	8h	162.87	+0.025%	$16.8M	$41.8M	50x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	162.91	+0.046%	$262K	$437K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0795%	1h	162.86	+0.018%	$277K	$437K	10x	as long as short