Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.018%
Price spread now: Lighter against SoDEX−0.043%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.043% cheaper against SoDEX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MSTR-USD | 163.93 | 0.0050 | pay 0.0006% / 1h | 14m 47s | $43K | $3K | 10x |
| Short | Lighter MSTR | 163.86 | 0.0032 | get 0.0004% / 1h | 14m 47s | $3.5M | $2.0M | 10x |
SoDEX MSTR-USD
Lighter MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SoDEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.78
- Price spread: −0.043% → 0.000%
- −$4.27
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$16.05
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 3 min ago. 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 3 min ago | 0.91 bp | 1.9 bp −$2 | 5.8 bp −$58 | 36.1 bp −$3,608 | doesn't fit |
SoDEX: 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 | −0.0944% | 8h | 164.07 | +0.085% | $27.2M | $116.5M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.95 | +0.011% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.03 | +0.061% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.08 | +0.092% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTRshort | +0.0032% | 1h | 163.86 | −0.043% | $3.5M | $2.0M | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.86 | −0.043% | $601K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.300% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.08 | +0.092% | $26K | $110K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0046% | 8h | 163.89 | −0.024% | $20.7M | $99.0M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.83 | −0.061% | — | $1.7M | 25x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
OKX MSTR-USDT-SWAP
Vest MSTR-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.96 | +0.018% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USDlong | +0.0050% | 1h | 163.93 | long leg | $43K | $3K | 10x | |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.76 | −0.104% | $849K | $4.0M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.98 | +0.031% | $1.4M | $7.3M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0069% | 8h | 163.85 | −0.050% | $66 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.92 | −0.007% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.86 | −0.043% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.00 | +0.043% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.98 | +0.031% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0100% | 8h | 163.92 | −0.008% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.95 | +0.015% | $136 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0161% | 8h | 163.88 | −0.031% | $86.0M | $618.9M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0166% | 8h | 164.12 | +0.118% | $76K | $826K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.84 | −0.055% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.02 | +0.055% | $266K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0248% | 1h | 163.85 | −0.047% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0256% | 1h | 163.90 | −0.018% | $54.6M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0283% | 8h | 163.94 | +0.006% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0318% | 8h | 163.91 | −0.012% | $16.6M | $41.1M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.09 | +0.100% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0666% | 1h | 163.98 | +0.031% | $279K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0956% | 4h | 164.10 | +0.103% | $48K | $5.4M | 10x | as long as short |
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Aevo MSTR-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
RISEx MSTR/USDC
Nado MSTR-PERP
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC