MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h −0.005%

Price spread now: Vest against Lighter−0.073%7-day average −0.344% · you buy dearer than you sell

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

Long on Lighter Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.079%−$8 on $10k

Price spread, last 7 days+0.075%+$7 · spread now −0.073%, 7d avg −0.344%

Together, before fees−0.005%+ Points / potential airdropLighter: Season 3 · Vest: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Vest is 0.270% dearer against Lighter than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.344%. Mind the row above: over the last 3 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MSTR	164.29	0.0032	pay 0.0004% / 1h	35m 11s	$3.5M	$1.9M	10x
Short	Vest MSTR-USD-PERP	164.17	0.0046	get 0.0006% / 1h	35m 11s	—	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.073%Rate

Funding earned: $2.87
Price spread: −0.073% → −0.344%: $27.05
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $27.92
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Lighter: live order book, 7 min ago; Vest: 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, 7 min ago	0.91 bp	2.9 bp −$3	6.3 bp −$63	36.3 bp −$3,633	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0906%	8h	164.46	+0.103%	$27.7M	$115.1M	25x	as long as short
Gate MSTR_USDT	−0.0026%	8h	164.36	+0.043%	$4.6M	$18.5M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.34	+0.028%	$1.8M	$8.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.33	+0.024%	$2.8M	$72K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0001%	8h	164.34	+0.030%	$20.6M	$99.6M	50x	as long as short
Lighter MSTRlong	+0.0032%	1h	164.29	long leg	$3.5M	$1.9M	10x
Extended MSTR_24_5-USD	+0.0032%	1h	164.15	−0.085%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.074%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.37	+0.046%	$267K	$449K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.45	+0.097%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERPshort	+0.0046%	1h	164.17	−0.073%	—	$1.7M	25x
Polymarket Perps MSTR-USD	+0.0050%	1h	164.27	−0.012%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.27	−0.012%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.13	−0.097%	$865K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.36	+0.043%	$1.4M	$7.5M	10x	as long as short
Variational Omni MSTR	+0.0067%	8h	164.09	−0.124%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.30	+0.009%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.27	−0.012%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.22	−0.043%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.29	0.000%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.30	+0.008%	$136	—	10x	as long as short
Binance MSTRUSDT	+0.0128%	8h	164.31	+0.012%	$87.8M	$618.2M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.21	−0.047%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0161%	8h	164.38	+0.055%	$78K	$770K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.103%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.34	+0.028%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0235%	1h	164.27	−0.012%	$54.7M	$36.9M	10x	as long as short
BloFin MSTR-USDT	+0.0248%	8h	164.38	+0.055%	$1.0M	$2.0M	20x	as long as short
Nado MSTR-PERP	+0.0259%	1h	164.20	−0.054%	$121K	$148K	3x	as long as short
Bybit MSTRUSDT	+0.0367%	8h	164.38	+0.055%	$17.0M	$40.7M	50x	as long as short
edgeX MSTRUSDC	+0.0443%	4h	164.37	+0.046%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0602%	1h	164.37	+0.049%	$280K	$438K	10x	as long as short