Funding you earn now, next payment 05:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h −0.014%
Price spread now: Extended against Aevo−0.196%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.196% cheaper against Aevo than usual: you would sell low and buy high (−$20 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 | Aevo MSTR-PERP | 164.71 | 0.0104 | pay 0.0013% / 1h | 56m 23s | $137 | — | 10x |
| Short | Extended MSTR_24_5-USD | 164.38 | 0.0032 | get 0.0004% / 1h | 56m 23s | $594K | $1.9M | 10x |
Aevo MSTR-PERP
Extended MSTR_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Aevo. 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
- −$15.12
- Price spread: −0.196% → 0.000%
- −$19.61
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$55.73
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Extended: live order book, 2 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 Extended live order book, 2 min ago | 2.73 bp | 8.6 bp −$9 | 67.7 bp −$677 | 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 | −0.0902% | 8h | 164.67 | −0.023% | $27.9M | $115.2M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.57 | −0.086% | $1.8M | $8.5M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.65 | −0.035% | $4.6M | $18.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.72 | +0.007% | $2.8M | $75K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0024% | 8h | 164.60 | −0.066% | $20.7M | $99.6M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.59 | −0.072% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USDshort | +0.0032% | 1h | 164.38 | −0.196% | $594K | $1.9M | 10x | |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.812% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.74 | +0.019% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.50 | −0.126% | — | $1.7M | 25x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Lighter MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD
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 | 164.48 | −0.138% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.66 | −0.029% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.40 | −0.187% | $862K | $4.0M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 164.59 | −0.072% | $1.4M | $7.4M | 10x | as long as short |
| Variational Omni MSTR | +0.0097% | 8h | 164.61 | −0.062% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.56 | −0.088% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.50 | −0.126% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.62 | −0.053% | $6K | $186K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.67 | −0.023% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERPlong | +0.0104% | 1h | 164.71 | long leg | $137 | — | 10x | |
| tradeXYZ xyz:MSTR | +0.0129% | 1h | 164.51 | −0.120% | $54.8M | $37.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0138% | 8h | 164.59 | −0.075% | $66 | — | 5x | as long as short |
| Binance MSTRUSDT | +0.0157% | 8h | 164.60 | −0.066% | $86.9M | $615.7M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0159% | 4h | 164.73 | +0.016% | $49K | $5.3M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.12 | −0.357% | $1.4M | $1.1M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0179% | 8h | 164.77 | +0.041% | $82K | $792K | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.76 | +0.030% | $56K | $226K | 10x | as long as short |
| Nado MSTR-PERP | +0.0230% | 1h | 164.42 | −0.172% | $121K | $148K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.61 | −0.057% | $267K | $445K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0277% | 8h | 164.69 | −0.011% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0341% | 8h | 164.57 | −0.084% | $16.9M | $40.8M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0661% | 1h | 164.72 | +0.007% | $280K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
tradeXYZ xyz:MSTR
Paradex MSTR-USD-PERP
Binance MSTRUSDT
edgeX MSTRUSDC
Coinbase International MSTR-PERP-INTX
GRVT MSTR_USDT_Perp
Phoenix MSTR
Nado MSTR-PERP
RISEx MSTR/USDC
BloFin MSTR-USDT
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL