MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0173%/8h= +19.0% APRnext payment +$0.22 per $10,000 · paid last 24h +0.030%

Price spread now: Injective against Coinbase International+2.699%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.176%−$18 on $10k

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 +$5 a day on $10k at the current rate, and Injective is 2.699% dearer against Coinbase International than usual: you sell high and buy low: +$270 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.176%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSTR-PERP-INTX	164.89	0.0168	pay 0.0021% / 1h	24m 27s	$1.4M	$1.1M	10x
Short	Injective MSTR/USDC PERP	169.34	0.0341	get 0.0043% / 1h	24m 27s	$8K	$26K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee InjectivebpOrdersPrice spread, now +2.699%Rate

Funding earned: $36.38
Price spread: +2.699% → 0.000%: $269.88
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $296.24
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 4 min ago; Injective: 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, 4 min ago	3.33 bp	9.1 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 31 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	−0.1025%	8h	165.06	+0.103%	$27.6M	$115.6M	25x	as long as short
Gate MSTR_USDT	−0.0152%	8h	164.91	+0.012%	$4.6M	$19.0M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.99	+0.063%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.86	−0.018%	$20.9M	$100.6M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.93	+0.024%	$270K	$447K	10x	as long as short
Variational Omni MSTR	0.0000%	8h	165.11	+0.132%	$1.2M	$2.1M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.18	+0.176%	$2.8M	$68K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.74	−0.091%	$596K	$2.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.95	+0.036%	$27K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.97	+0.049%	—	$1.8M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.71	−0.109%	$918K	$4.6M	10x	as long as short
Binance MSTRUSDT	+0.0056%	8h	164.84	−0.030%	$87.8M	$624.3M	50x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.92	+0.018%	$1.4M	$8.3M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0097%	1h	164.83	−0.036%	$384K	$2.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.94	+0.032%	$101K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.81	−0.049%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.62	−0.164%	$4K	$188K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.89	0.000%	$3K	$8K	10x	as long as short
Lighter MSTR	+0.0104%	1h	164.94	+0.030%	$3.5M	$1.9M	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.87	−0.012%	$137	—	10x	as long as short
SoDEX MSTR-USD	+0.0117%	1h	165.05	+0.097%	$43K	$3K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0120%	8h	165.00	+0.068%	$79K	$810K	10x	as long as short
Coinbase International MSTR-PERP-INTXlong	+0.0168%	1h	164.89	long leg	$1.4M	$1.1M	10x
Paradex MSTR-USD-PERP	+0.0174%	8h	164.83	−0.036%	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0254%	1h	164.75	−0.085%	$55.2M	$36.3M	10x	as long as short
Injective MSTR/USDC PERPshort	+0.0341%	1h	169.34	+2.699%	$8K	$26K	30x
Nado MSTR-PERP	+0.0374%	1h	164.76	−0.082%	$111K	$143K	3x	as long as short
Phoenix MSTR	+0.0381%	1h	164.86	−0.019%	$55K	$219K	10x	as long as short
Bybit MSTRUSDT	+0.0393%	8h	164.90	+0.006%	$17.2M	$41.1M	50x	as long as short
edgeX MSTRUSDC	+0.0686%	4h	165.05	+0.099%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0902%	1h	165.17	+0.170%	$281K	$438K	10x	as long as short