Funding you earn now, next payment 22:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.051%
Price spread now: Vest against Bybit+0.088%7-day average −0.952% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.113%−$11 on $10k
+Price spread, last 3 days (all we have)+0.398%+$40 · spread now +0.088%, 7d avg −0.952%
=Together, before fees+0.285%+ Points / potential airdropVest: Active · farm board+$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 1.040% dearer against Bybit than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of −0.952%): +$104 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 3 days (−0.113% in total) that is about 29 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MSTRUSDT | 169.56 | 0.0091 | pay 0.0091% / 8h | 2h 10m | $15.2M | $41.2M | 50x |
| Short | Vest MSTR-USD-PERP | 169.71 | 0.0046 | get 0.0006% / 1h | 10m 33s | — | $2.1M | 25x |
Bybit MSTRUSDT
Vest MSTR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Bybit. 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
- −$9.59
- Price spread: +0.088% → −0.952%
- $104.03
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $81.44
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 8 min ago; Vest: 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 Bybit live order book, 8 min ago | 0.29 bp | 11.1 bp −$11 | 16.1 bp −$161 | 120.1 bp −$12.0K | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0066% | 1h | 169.52 | −0.024% | $140K | $98K | 3x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.51 | −0.031% | $1.3M | $6.2M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.54 | −0.010% | $88.7M | $630.6M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.57 | +0.006% | $22.1M | $107.5M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.53 | −0.016% | $277K | $446K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.47 | −0.053% | $4.8M | $19.7M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.78 | +0.128% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.50 | −0.036% | $83K | $948K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | 0.0000% | 1h | 169.52 | −0.024% | $288K | $439K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.44 | −0.071% | $2.9M | $58K | 10x | as long as short |
Nado MSTR-PERP
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Deribit MSTR_USDC-PERPETUAL
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MSTR-USDT | +0.0020% | 8h | 169.51 | −0.029% | $1.1M | $1.8M | 20x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 169.58 | +0.012% | $3.6M | $2.6M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.47 | −0.051% | $588K | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0039% | 1h | 169.48 | −0.047% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERPshort | +0.0046% | 1h | 169.71 | +0.088% | — | $2.1M | 25x | |
| Coinbase International MSTR-PERP-INTX | +0.0048% | 1h | 169.11 | −0.265% | $1.5M | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0050% | 1h | 169.50 | −0.035% | $56.8M | $38.3M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.45 | −0.065% | $419K | $2.6M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.48 | −0.047% | $45K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.39 | −0.100% | $752K | $5.1M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0072% | 8h | 169.57 | +0.006% | $28.9M | $120.0M | 25x | as long as short |
| Paradex MSTR-USD-PERP | +0.0087% | 8h | 169.51 | −0.027% | $68 | — | 5x | as long as short |
| Bybit MSTRUSDTlong | +0.0091% | 8h | 169.56 | long leg | $15.2M | $41.2M | 50x | |
| Pacifica MSTR | +0.0100% | 1h | 169.49 | −0.040% | $104K | $121K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.43 | −0.077% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.53 | −0.018% | $4K | $871K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.47 | −0.053% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.47 | −0.055% | $141 | — | 10x | as long as short |
| Phoenix MSTR | +0.0184% | 1h | 169.66 | +0.061% | $57K | $396K | 10x | as long as short |
| Arcus MSTR-USD | +0.0432% | 1h | 169.63 | +0.041% | $27K | $134K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0440% | 1h | 169.61 | +0.029% | $13K | $22K | 30x | as long as short |
| edgeX MSTRUSDC | +0.0743% | 4h | 169.62 | +0.035% | $48K | $5.5M | 10x | as long as short |
BloFin MSTR-USDT
Lighter MSTR
Extended MSTR_24_5-USD
QFEX MSTR-USD
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Bitget MSTRUSDT
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Phoenix MSTR
Arcus MSTR-USD
Injective MSTR/USDC PERP
edgeX MSTRUSDC