Funding you earn now, next payment 07:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h −0.030%
Price spread now: Aevo against Binance+0.013%58s7-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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 58 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 | Binance MSTRUSDT | 162.59 | 0.0227 | pay 0.0227% / 8h | 1h 36m | $83.6M | $627.8M | 50x |
| Short | Aevo MSTR-PERP | 162.61 | 0.0104 | get 0.0013% / 1h | 36m 28s | $135 | — | 10x |
Binance MSTRUSDT
Aevo MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Binance. 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
- −$25.78
- Price spread: +0.013% → 0.000%
- $1.28
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$50.5
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 7 min ago; Aevo: 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 Binance live order book, 7 min ago | 0.31 bp | 6.0 bp −$6 | 7.6 bp −$76 | 25.7 bp −$2,575 | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
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 | −0.0936% | 8h | 162.77 | +0.111% | $28.6M | $118.9M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 162.62 | +0.018% | $4.7M | $19.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.28 | +0.424% | $2.7M | $78K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0016% | 4h | 162.56 | −0.020% | $45K | $5.4M | 10x | as long as short |
| Aster MSTRUSDT | +0.0028% | 8h | 162.56 | −0.019% | $1.7M | $8.7M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.36 | −0.141% | $505K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +4.152% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 162.75 | +0.098% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.19 | −0.246% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.48 | −0.068% | $376K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
edgeX MSTRUSDC
Aster MSTRUSDT
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 | 162.58 | −0.006% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.45 | −0.086% | $852K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0057% | 1h | 162.53 | −0.037% | $1.3M | $7.2M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 162.57 | −0.012% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 162.52 | −0.043% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.65 | +0.037% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 162.58 | −0.006% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERPshort | +0.0104% | 1h | 162.61 | +0.013% | $135 | — | 10x | |
| OKX MSTR-USDT-SWAP | +0.0139% | 8h | 162.61 | +0.012% | $20.7M | $100.0M | 50x | as long as short |
| Lighter MSTR | +0.0144% | 1h | 162.53 | −0.037% | $3.5M | $2.0M | 10x | as long as short |
| Variational Omni MSTR | +0.0144% | 8h | 162.76 | +0.102% | $1.2M | $2.1M | — | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0152% | 1h | 161.52 | −0.658% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0156% | 8h | 162.53 | −0.037% | $65 | — | 5x | as long as short |
| Binance MSTRUSDTlong | +0.0227% | 8h | 162.59 | long leg | $83.6M | $627.8M | 50x | |
| GRVT MSTR_USDT_Perp | +0.0235% | 8h | 162.80 | +0.132% | $78K | $867K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0265% | 1h | 162.53 | −0.037% | $53.9M | $37.3M | 10x | as long as short |
| Phoenix MSTR | +0.0328% | 1h | 162.62 | +0.015% | $55K | $223K | 10x | as long as short |
| Nado MSTR-PERP | +0.0344% | 1h | 162.39 | −0.123% | $130K | $157K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0345% | 8h | 162.61 | +0.012% | $1.0M | $2.1M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0381% | 1h | 162.58 | −0.007% | $261K | $436K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0383% | 8h | 162.63 | +0.025% | $16.8M | $41.8M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1043% | 1h | 162.63 | +0.025% | $277K | $437K | 10x | as long as short |
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
OKX MSTR-USDT-SWAP
Lighter MSTR
Variational Omni MSTR
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
tradeXYZ xyz:MSTR
Phoenix MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
RISEx MSTR/USDC
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL