Funding you earn now, next payment 07:00 UTC+0.0157%/8h= +17.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.032%
Price spread now: tradeXYZ against Aevo−0.063%55s7-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
=Funding pays, the price is against you. tradeXYZ is 0.063% cheaper against Aevo than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 32 hours of funding at the current rate (+$5 a day). The two prices were read 55 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 | 163.41 | 0.0104 | pay 0.0013% / 1h | 22m 24s | $136 | — | 10x |
| Short | tradeXYZ xyz:MSTR | 163.31 | 0.0261 | get 0.0033% / 1h | 22m 24s | $54.2M | $37.1M | 10x |
Aevo MSTR-PERP
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $33.02
- Price spread: −0.063% → 0.000%
- −$6.27
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$7.25
- Costs to cover
- 0.340%
- Break-even
- 8.5 days
Slippage unknown: Aevo: no order-book sample; tradeXYZ: live order book, 7 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 tradeXYZ live order book, 7 min ago | 0.31 bp | 9.3 bp −$9 | 11.9 bp −$119 | 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 | −0.0874% | 8h | 163.57 | +0.096% | $29.0M | $118.7M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.50 | +0.054% | $4.7M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.55 | +0.084% | $2.8M | $79K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.29 | −0.072% | $509K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.627% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.39 | −0.014% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.31 | −0.063% | — | $1.8M | 25x | as long as short |
| Aster MSTRUSDT | +0.0047% | 8h | 163.25 | −0.099% | $1.8M | $8.7M | 50x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.34 | −0.044% | $378K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.21 | −0.124% | $857K | $3.9M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Aster MSTRUSDT
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0057% | 1h | 163.46 | +0.029% | $1.3M | $7.2M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0066% | 1h | 163.38 | −0.020% | $43K | $3K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.41 | +0.001% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.30 | −0.069% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.98 | −0.265% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.42 | +0.005% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERPlong | +0.0104% | 1h | 163.41 | long leg | $136 | — | 10x | |
| Lighter MSTR | +0.0144% | 1h | 163.41 | −0.002% | $3.5M | $2.0M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0152% | 1h | 161.52 | −1.158% | $1.4M | $1.1M | 10x | as long as short |
| Variational Omni MSTR | +0.0158% | 8h | 163.34 | −0.047% | $1.2M | $2.1M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0161% | 8h | 163.45 | +0.023% | $20.8M | $100.5M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0169% | 8h | 163.43 | +0.011% | $65 | — | 5x | as long as short |
| Binance MSTRUSDT | +0.0244% | 8h | 163.45 | +0.023% | $84.0M | $627.3M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0248% | 8h | 163.15 | −0.161% | $77K | $878K | 10x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0261% | 1h | 163.31 | −0.063% | $54.2M | $37.1M | 10x | |
| Phoenix MSTR | +0.0328% | 1h | 163.35 | −0.035% | $55K | $223K | 10x | as long as short |
| Nado MSTR-PERP | +0.0361% | 1h | 163.33 | −0.051% | $130K | $157K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0363% | 8h | 163.41 | −0.002% | $1.0M | $2.1M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0381% | 1h | 163.47 | +0.037% | $265K | $428K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0385% | 8h | 163.47 | +0.035% | $16.8M | $41.8M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0607% | 1h | 163.44 | +0.017% | $278K | $437K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0630% | 4h | 163.03 | −0.232% | $46K | $5.4M | 10x | as long as short |
QFEX MSTR-USD
SoDEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Lighter MSTR
Coinbase International MSTR-PERP-INTX
Variational Omni MSTR
OKX MSTR-USDT-SWAP
Paradex MSTR-USD-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Phoenix MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
RISEx MSTR/USDC
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC