MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h −0.009%

Price spread now: Coinbase International against Aevo−0.324%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.324% cheaper against Aevo than usual: you would sell low and buy high (spread −0.324% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 17 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSTR-PERP	164.65	0.0104	pay 0.0013% / 1h	54m 52s	$137	—	10x
Short	Coinbase International MSTR-PERP-INTX	164.12	0.0168	get 0.0021% / 1h	54m 52s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AevobpFee Coinbase InternationalbpOrdersPrice spread, now −0.324%Rate

Funding earned: $13.44
Price spread: −0.324% → 0.000%: −$32.4
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$44.96
Costs to cover: 0.260%
Break-even: 30.4 days

Slippage unknown: Aevo: no order-book sample; Coinbase International: live order book, 4 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 Aevo no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	4.25 bp	9.3 bp −$9	13.7 bp −$137	doesn't fit	doesn't fit

Aevo: 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	−0.0898%	8h	164.84	+0.113%	$27.9M	$115.3M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.58	−0.044%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.76	+0.065%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.76	+0.065%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0025%	8h	164.72	+0.040%	$20.7M	$99.7M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.63	−0.014%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.52	−0.081%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.846%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.72	+0.040%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.49	−0.099%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.51	−0.087%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.64	−0.008%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.40	−0.154%	$862K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.56	−0.057%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0099%	8h	164.66	+0.002%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.57	−0.053%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.60	−0.032%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.61	−0.026%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.64	−0.008%	$3K	$8K	10x	as long as short
Aevo MSTR-PERPlong	+0.0104%	1h	164.65	long leg	$137	—	10x
Paradex MSTR-USD-PERP	+0.0137%	8h	164.51	−0.085%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0156%	8h	164.70	+0.028%	$87.0M	$615.7M	50x	as long as short
Coinbase International MSTR-PERP-INTXshort	+0.0168%	1h	164.12	−0.324%	$1.4M	$1.1M	10x
tradeXYZ xyz:MSTR	+0.0169%	1h	164.64	−0.008%	$54.8M	$37.0M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0175%	8h	164.73	+0.047%	$82K	$792K	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.76	+0.063%	$56K	$226K	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.61	−0.026%	$267K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0236%	1h	164.45	−0.126%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0276%	8h	164.74	+0.053%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0342%	8h	164.75	+0.059%	$16.9M	$40.8M	50x	as long as short
edgeX MSTRUSDC	+0.0749%	4h	164.71	+0.036%	$49K	$5.3M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0905%	1h	164.71	+0.034%	$280K	$438K	10x	as long as short