MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0034%/8h= −3.8% APRnext payment −$0.04 per $10,000 · paid last 24h −0.014%

Price spread now: Vest against Extended+0.189%7-day average −0.840% · you sell dearer than you buy

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

Long on Extended Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.115%−$11 on $10k

Price spread, last 3 days (all we have)+0.143%+$14 · spread now +0.189%, 7d avg −0.840%

Together, before fees+0.028%+ Points / potential airdropExtended: Active · Vest: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 1.029% dearer against Extended than usual: you sell high and buy low (spread +0.189% now, against its 7-day average of −0.840%): +$103 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 (−0.115% in total) that is about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	169.34	0.0080	pay 0.0010% / 1h	43m 15s	$583K	$1.8M	10x
Short	Vest MSTR-USD-PERP	169.66	0.0046	get 0.0006% / 1h	43m 15s	—	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Extended. 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 ExtendedbpFee VestbpOrdersPrice spread, now +0.189%Rate

Funding earned: −$7.21
Price spread: +0.189% → −0.840%: $102.87
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Vest: 1 bp × 2 orders: −$2
Net: $88.66
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Extended: live order book, 5 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 Extended live order book, 5 min ago	3.25 bp	7.9 bp −$8	19.3 bp −$193	doesn't fit	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
Aster MSTRUSDT	0.0000%	8h	169.62	+0.166%	$1.3M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.39	+0.030%	$4.8M	$19.3M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.63	+0.173%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.51	+0.100%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.54	+0.118%	$276K	$442K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0023%	8h	169.43	+0.053%	$22.1M	$106.6M	50x	as long as short
BloFin MSTR-USDT	+0.0027%	8h	169.38	+0.024%	$1.1M	$1.8M	20x	as long as short
GRVT MSTR_USDT_Perp	+0.0035%	8h	169.60	+0.155%	$77K	$879K	10x	as long as short
Vest MSTR-USD-PERPshort	+0.0046%	1h	169.66	+0.189%	—	$2.1M	25x
QFEX MSTR-USD	+0.0049%	1h	169.55	+0.124%	$1.5M	$10.2M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	169.43	+0.053%	$390K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.38	+0.024%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.45	+0.065%	$781K	$5.2M	10x	as long as short
Binance MSTRUSDT	+0.0057%	8h	169.41	+0.041%	$89.3M	$628.8M	50x	as long as short
Bitget MSTRUSDT	+0.0063%	8h	169.32	−0.012%	$28.7M	$120.0M	25x	as long as short
Nado MSTR-PERP	+0.0073%	1h	169.47	+0.077%	$140K	$97K	3x	as long as short
Extended MSTR_24_5-USDlong	+0.0080%	1h	169.34	long leg	$583K	$1.8M	10x
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	169.32	−0.012%	$1.5M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.49	+0.087%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.37	+0.018%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.22	−0.071%	$4K	$357K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.40	+0.035%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.08	−0.154%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.39	+0.029%	$141	—	10x	as long as short
Bybit MSTRUSDT	+0.0108%	8h	169.40	+0.035%	$15.2M	$40.5M	50x	as long as short
Lighter MSTR	+0.0128%	1h	169.37	+0.018%	$3.6M	$2.4M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0149%	8h	169.65	+0.184%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0205%	1h	169.36	+0.012%	$57.1M	$37.5M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.52	+0.108%	$57K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0695%	1h	169.40	+0.035%	$288K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.62	+0.165%	$27K	$129K	10x	as long as short
edgeX MSTRUSDC	+0.0778%	4h	169.65	+0.183%	$47K	$5.5M	10x	as long as short