Settings8H · net · $10k
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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+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h −0.003%
Price spread now: QFEX against Lighter+0.006%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Long on LighterShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.106%−$11 on $10k
Price spread, last 7 days+0.061%+$6 · spread now +0.006%, 7d avg +0.022%
Together, before fees−0.045%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MSTR163.210.0048pay 0.0006% / 1h4m 56s$3.5M$2.0M10x
ShortQFEX MSTR-USD163.220.0067get 0.0008% / 1h4m 56s$1.3M$7.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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
$3.95
Price spread: +0.006% → +0.022%
−$1.54
Slippage, 4 orders
−$12.69
Fee Lighter: 0 bp × 2 orders
$0
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$20.28
Costs to cover
0.227%
Break-even
43.0 days
Slippage from Lighter: live order book, 2 min ago; QFEX: live order book, 4 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, 2 min ago1.23 bp4.5 bp −$47.4 bp −$7435.8 bp −$3,585doesn't fit
Sell QFEX live order book, 4 min ago2.15 bp7.1 bp −$77.8 bp −$7816.3 bp −$1,633doesn't fit

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−0.0430%8h163.43+0.135%$29.5M$119.2M25xas long as short
Gate MSTR_USDT0.0000%8h163.45+0.147%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.30+0.055%$2.7M$84K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.22+0.009%$589K$2.1M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.756%$8K$26K30xas long as short
edgeX MSTRUSDC+0.0036%4h163.01−0.123%$46K$5.4M10xas long as short
Arcus MSTR-USD+0.0040%1h163.18−0.018%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.03−0.110%—$1.8M25xas long as short
Lighter MSTRlong+0.0048%1h163.21long leg$3.5M$2.0M10x
Polymarket Perps MSTR-USD+0.0050%1h163.19−0.012%$377K$2.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0050%1h163.19−0.012%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.04−0.104%$879K$3.7M10xas long as short
QFEX MSTR-USDshort+0.0067%1h163.22+0.006%$1.3M$7.1M10x
Aster MSTRUSDT+0.0073%8h163.25+0.026%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.210.000%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.14−0.043%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h162.90−0.190%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.210.000%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.21+0.002%$135—10xas long as short
Paradex MSTR-USD-PERP+0.0132%8h163.13−0.050%$65—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h162.62−0.361%$1.4M$1.1M10xas long as short
Nado MSTR-PERP+0.0165%1h163.05−0.099%$125K$165K3xas long as short
Variational Omni MSTR+0.0196%8h163.14−0.041%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0202%8h163.44+0.141%$20.9M$100.0M50xas long as short
GRVT MSTR_USDT_Perp+0.0263%8h163.05−0.098%$82K$859K10xas long as short
Binance MSTRUSDT+0.0267%8h163.37+0.096%$84.0M$620.7M50xas long as short
Phoenix MSTR+0.0357%1h163.28+0.042%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0387%8h163.22+0.006%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0399%8h163.39+0.110%$17.1M$41.7M50xas long as short
tradeXYZ xyz:MSTR+0.0425%1h163.27+0.037%$53.9M$37.7M10xas long as short
RISEx MSTR/USDC+0.0493%1h163.21−0.001%$268K$419K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1038%1h163.25+0.025%$278K$437K10xas long as short