MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0182%/8h= −20.0% APRnext payment −$0.23 per $10,000 · paid last 24h −0.046%

Price spread now: Lighter against tradeXYZ−0.006%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 7 days−0.047%−$5 · spread now −0.006%, 7d avg −0.001%

Together, before fees−0.160%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	164.00	0.0262	pay 0.0033% / 1h	38m 34s	$54.6M	$37.0M	10x
Short	Lighter MSTR	163.99	0.0080	get 0.0010% / 1h	38m 34s	$3.5M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against tradeXYZ. 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 tradeXYZbpFee LighterbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$38.28
Price spread: −0.006% → −0.001%: −$0.55
Slippage, 4 orders: −$7.85
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$64.68
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; Lighter: live order book, 9 min ago.

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 tradeXYZ live order book, 11 min ago	0.61 bp	9.6 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	1.22 bp	2.3 bp −$2	5.4 bp −$54	30.8 bp −$3,081	doesn't fit

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	−0.0905%	8h	164.24	+0.146%	$27.8M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.93	−0.045%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.11	+0.067%	$4.6M	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.03	+0.018%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.87	−0.079%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.256%	$8K	$26K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0039%	8h	164.07	+0.043%	$20.7M	$98.9M	50x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.21	+0.128%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.82	−0.110%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.96	−0.024%	$379K	$2.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	163.96	−0.024%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.86	−0.085%	$853K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.07	+0.043%	$1.4M	$7.3M	10x	as long as short
Lighter MSTRshort	+0.0080%	1h	163.99	−0.006%	$3.5M	$1.9M	10x
Variational Omni MSTR	+0.0094%	8h	164.16	+0.095%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.03	+0.018%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.92	−0.049%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.24	+0.146%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.90	−0.061%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.93	−0.043%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0142%	8h	164.03	+0.018%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0158%	8h	164.17	+0.104%	$75K	$803K	10x	as long as short
Binance MSTRUSDT	+0.0161%	8h	164.10	+0.060%	$86.7M	$616.0M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.96	−0.024%	$1.4M	$1.1M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.06	+0.036%	$266K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0260%	1h	163.90	−0.059%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTRlong	+0.0262%	1h	164.00	long leg	$54.6M	$37.0M	10x
BloFin MSTR-USDT	+0.0279%	8h	164.12	+0.073%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0332%	8h	164.09	+0.055%	$16.7M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.21	+0.129%	$56K	$226K	10x	as long as short
edgeX MSTRUSDC	+0.0742%	4h	164.11	+0.068%	$49K	$5.3M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1093%	1h	164.00	0.000%	$279K	$438K	10x	as long as short