Funding you earn now, next payment 06:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h +0.019%
Price spread now: OKX against Aevo+0.088%50s7-day average — · you sell dearer than you buy
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
=Together, before fees—needs both histories
The price spread pays, funding is against you. OKX is 0.088% dearer against Aevo than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSTR-PERP | 163.58 | 0.0104 | pay 0.0013% / 1h | 53m 25s | $136 | — | 10x |
| Short | OKX MSTR-USDT-SWAP | 163.72 | 0.0055 | get 0.0055% / 8h | 2h 53m | $20.7M | $99.1M | 50x |
Aevo MSTR-PERP
OKX MSTR-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$10.26
- Price spread: +0.088% → 0.000%
- $8.83
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$27.43
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago | 0.31 bp | 6.9 bp −$7 | 13.0 bp −$130 | 58.7 bp −$5,869 | 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 | −0.0988% | 8h | 163.89 | +0.192% | $27.1M | $116.9M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.64 | +0.041% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.73 | +0.094% | $4.6M | $19.1M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.97 | +0.241% | $2.8M | $77K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0003% | 4h | 163.64 | +0.039% | $48K | $5.4M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.49 | −0.055% | $599K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.524% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.73 | +0.094% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.36 | −0.132% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.63 | +0.033% | $379K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
edgeX MSTRUSDC
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USD | +0.0050% | 1h | 163.63 | +0.033% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.65 | +0.046% | $817K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 163.63 | +0.033% | $1.4M | $7.2M | 10x | as long as short |
| OKX MSTR-USDT-SWAPshort | +0.0055% | 8h | 163.72 | +0.088% | $20.7M | $99.1M | 50x | |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.70 | +0.076% | $265K | $446K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0094% | 8h | 163.64 | +0.042% | $65 | — | 5x | as long as short |
| Variational Omni MSTR | +0.0094% | 8h | 163.78 | +0.126% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.67 | +0.059% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.64 | +0.039% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.61 | +0.021% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.57 | −0.003% | $4K | $8K | 10x | as long as short |
| Lighter MSTR | +0.0104% | 1h | 163.58 | +0.003% | $3.5M | $1.9M | 10x | as long as short |
| Aevo MSTR-PERPlong | +0.0104% | 1h | 163.58 | long leg | $136 | — | 10x | |
| GRVT MSTR_USDT_Perp | +0.0153% | 8h | 163.82 | +0.149% | $83K | $824K | 10x | as long as short |
| Binance MSTRUSDT | +0.0162% | 8h | 163.71 | +0.081% | $85.9M | $619.5M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | −0.003% | $1.4M | $1.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0280% | 8h | 163.68 | +0.064% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0304% | 1h | 163.48 | −0.056% | $121K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0325% | 8h | 163.74 | +0.101% | $16.7M | $41.2M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0329% | 1h | 163.74 | +0.101% | $54.5M | $37.1M | 10x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.69 | +0.071% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0974% | 1h | 163.60 | +0.015% | $278K | $438K | 10x | as long as short |
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
RISEx MSTR/USDC
Paradex MSTR-USD-PERP
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Lighter MSTR
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
BloFin MSTR-USDT
Nado MSTR-PERP
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL