Settings8H · net · $10k
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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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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+0.0397%/8h= +43.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.080%
Price spread now: RISEx against Lighter+0.116%7-day average +0.062% · 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−$12as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Long on LighterShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.228%+$23 on $10k
Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.116%, 7d avg +0.062%
Together, before fees+0.195%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and RISEx is 0.054% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MSTR163.100.0096pay 0.0012% / 1h33m 51s$3.5M$2.0M10x
ShortRISEx MSTR/USDC163.290.0493get 0.0062% / 1h33m 51s$265K$417K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$83.39
Price spread: +0.116% → +0.062%
$5.39
Slippage, 4 orders
−$11.39
Fee Lighter: 0 bp × 2 orders
$0
Fee RISEx: 3 bp × 2 orders
−$6
Net
$71.39
Costs to cover
0.174%
Break-even
1.0 days
Slippage from Lighter: live order book, 3 min ago; RISEx: 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, 3 min ago1.53 bp4.3 bp −$47.9 bp −$7935.2 bp −$3,520doesn't fit
Sell RISEx live order book, 4 min ago0.61 bp3.6 bp −$44.4 bp −$44doesn't fitdoesn'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−0.0384%8h163.32+0.135%$29.5M$119.1M25xas long as short
Gate MSTR_USDT0.0000%8h163.22+0.074%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.22+0.074%$2.7M$82K10xas long as short
edgeX MSTRUSDC+0.0005%4h163.47+0.230%$46K$5.4M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h162.93−0.107%$502K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.826%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.56+0.282%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.100.000%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.12+0.012%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.15+0.031%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h163.03−0.043%$864K$3.7M10xas long as short
QFEX MSTR-USD+0.0067%1h163.12+0.012%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0080%8h163.16+0.035%$1.8M$8.7M50xas long as short
Lighter MSTRlong+0.0096%1h163.10long leg$3.5M$2.0M10x
Pacifica MSTR+0.0100%1h163.18+0.050%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.13+0.018%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.31+0.129%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.17+0.043%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.10+0.001%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−0.969%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0166%8h163.09−0.007%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0202%8h163.19+0.055%$20.8M$99.8M50xas long as short
Variational Omni MSTR+0.0203%8h163.25+0.094%$1.2M$2.0M—as long as short
Binance MSTRUSDT+0.0274%8h163.16+0.040%$84.1M$621.4M50xas long as short
Nado MSTR-PERP+0.0274%1h162.99−0.064%$125K$165K3xas long as short
GRVT MSTR_USDT_Perp+0.0282%8h163.75+0.397%$85K$849K10xas long as short
Phoenix MSTR+0.0357%1h163.61+0.310%$56K$223K10xas long as short
BloFin MSTR-USDT+0.0393%8h163.23+0.080%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0413%8h163.14+0.025%$17.1M$41.7M50xas long as short
RISEx MSTR/USDCshort+0.0493%1h163.29+0.116%$265K$417K10x
tradeXYZ xyz:MSTR+0.0510%1h163.11+0.006%$53.9M$37.6M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0977%1h163.19+0.055%$278K$437K10xas long as short