Funding you earn now, next payment 21:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.005%
Price spread now: Aevo against Coinbase International+0.100%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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.100% dearer against Coinbase International than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MSTR-PERP-INTX | 169.11 | 0.0048 | pay 0.0006% / 1h | 28m 33s | $1.5M | $1.2M | 10x |
| Short | Aevo MSTR-PERP | 169.28 | 0.0104 | get 0.0013% / 1h | 28m 33s | $141 | — | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Coinbase International. 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
- $11.76
- Price spread: +0.100% → 0.000%
- $10.04
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$4.2
- Costs to cover
- 0.260%
- Break-even
- 9.5 days
Slippage unknown: Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago | 5.32 bp | 11.3 bp −$11 | 16.1 bp −$161 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0103% | 1h | 169.14 | +0.020% | $139K | $98K | 3x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.26 | +0.089% | $1.3M | $6.2M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.33 | +0.128% | $88.7M | $629.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.33 | +0.130% | $22.1M | $107.4M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.33 | +0.131% | $296K | $436K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.29 | +0.106% | $4.8M | $19.6M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.30 | +0.111% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.28 | +0.098% | $83K | $948K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.31 | +0.118% | $2.9M | $57K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0002% | 8h | 169.21 | +0.059% | $1.1M | $1.8M | 20x | as long as short |
Show all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 169.23 | +0.071% | $3.6M | $2.6M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.11 | +0.003% | $588K | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0039% | 1h | 169.29 | +0.106% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.37 | +0.154% | — | $2.1M | 25x | as long as short |
| Coinbase International MSTR-PERP-INTXlong | +0.0048% | 1h | 169.11 | long leg | $1.5M | $1.2M | 10x | |
| tradeXYZ xyz:MSTR | +0.0050% | 1h | 169.21 | +0.059% | $56.6M | $38.2M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.25 | +0.083% | $410K | $2.6M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.28 | +0.101% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.11 | 0.000% | $737K | $5.0M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0068% | 8h | 169.31 | +0.118% | $28.8M | $119.7M | 25x | as long as short |
| Paradex MSTR-USD-PERP | +0.0070% | 8h | 169.26 | +0.088% | $68 | — | 5x | as long as short |
| Bybit MSTRUSDT | +0.0091% | 8h | 169.30 | +0.112% | $15.2M | $41.1M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.27 | +0.096% | $103K | $137K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.20 | +0.053% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.27 | +0.095% | $4K | $979K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.28 | +0.101% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERPshort | +0.0104% | 1h | 169.28 | +0.100% | $141 | — | 10x | |
| Phoenix MSTR | +0.0184% | 1h | 169.27 | +0.096% | $57K | $396K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0358% | 4h | 169.27 | +0.095% | $49K | $5.4M | 10x | as long as short |
| Arcus MSTR-USD | +0.0432% | 1h | 169.35 | +0.142% | $27K | $134K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0440% | 1h | 169.10 | −0.006% | $13K | $22K | 30x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0578% | 1h | 169.31 | +0.118% | $288K | $438K | 10x | as long as short |
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDT
Lighter MSTR
Extended MSTR_24_5-USD
tradeXYZ xyz:MSTR
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Bitget MSTRUSDT
Paradex MSTR-USD-PERP
Bybit MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Injective MSTR/USDC PERP
Deribit MSTR_USDC-PERPETUAL