Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Orderly against Aevo+0.004%7-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
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSTR-PERP | 164.52 | 0.0104 | pay 0.0013% / 1h | 25m 09s | $137 | — | 10x |
| Short | Orderly PERP_MSTR_USDC_mythos | 164.53 | 0.0100 | get 0.0100% / 8h | 4h 25m | $3K | $8K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$0.84
- Price spread: +0.004% → 0.000%
- $0.4
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$22.44
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample | — | — | — | — | — |
Aevo and Orderly: 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 | −0.0931% | 8h | 164.67 | +0.089% | $27.8M | $115.1M | 25x | as long as short |
| Gate MSTR_USDT | −0.0005% | 8h | 164.51 | −0.008% | $4.6M | $18.6M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.50 | −0.015% | $1.8M | $8.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.58 | +0.034% | $2.8M | $73K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0003% | 8h | 164.56 | +0.022% | $20.6M | $99.6M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.49 | −0.020% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.39 | −0.081% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.928% | $8K | $26K | 30x | as long as short |
| RISEx MSTR/USDC | +0.0034% | 1h | 164.52 | +0.001% | $267K | $449K | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.63 | +0.065% | $26K | $109K | 10x | as long as short |
Show all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.48 | −0.026% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.49 | −0.020% | $381K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.55 | +0.016% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.33 | −0.118% | $858K | $4.1M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 164.52 | −0.002% | $1.4M | $7.5M | 10x | as long as short |
| Variational Omni MSTR | +0.0074% | 8h | 164.54 | +0.013% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.53 | +0.004% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.43 | −0.057% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.41 | −0.069% | $6K | $185K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythosshort | +0.0100% | 8h | 164.53 | +0.004% | $3K | $8K | 10x | |
| Aevo MSTR-PERPlong | +0.0104% | 1h | 164.52 | long leg | $137 | — | 10x | |
| Binance MSTRUSDT | +0.0132% | 8h | 164.53 | +0.004% | $88.0M | $617.3M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0136% | 8h | 164.48 | −0.026% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0154% | 8h | 164.72 | +0.122% | $77K | $772K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.12 | −0.245% | $1.4M | $1.1M | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.50 | −0.017% | $56K | $226K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0237% | 1h | 164.46 | −0.039% | $54.8M | $37.0M | 10x | as long as short |
| Nado MSTR-PERP | +0.0244% | 1h | 164.41 | −0.067% | $121K | $148K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0252% | 8h | 164.57 | +0.028% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0361% | 8h | 164.58 | +0.034% | $17.0M | $40.7M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0795% | 4h | 164.42 | −0.061% | $49K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0845% | 1h | 164.58 | +0.034% | $280K | $438K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
RISEx MSTR/USDC
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Binance MSTRUSDT
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL