Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.110%
Price spread now: Phemex against Gate+0.053%7-day average +0.028% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.441%−$44 on $10k
+Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.053%, 7d avg +0.028%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.025% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSTR_USDT | 168.99 | 0 | get 0.0000% / 8h | 1h 33m | $4.8M | $19.4M | 50x |
| Short | Phemex MSTRUSDT | 169.08 | 0 | get 0.0000% / 4h | 1h 33m | $2.9M | $61K | 10x |
Gate MSTR_USDT
Phemex MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- $0
- Price spread: +0.053% → +0.028%
- $2.54
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$24.46
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 5 min ago; Phemex: live order book, 5 min ago. 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 Gate live order book, 5 min ago | 1.48 bp | 14.9 bp −$15 | 32.4 bp −$324 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 0.59 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0113% | 1h | 168.92 | −0.040% | $139K | $97K | 3x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.06 | +0.041% | $1.2M | $6.2M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.03 | +0.025% | $88.3M | $628.9M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 168.99 | 0.000% | $22.0M | $106.7M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.06 | +0.041% | $275K | $446K | 10x | as long as short |
| Gate MSTR_USDTlong | 0.0000% | 8h | 168.99 | long leg | $4.8M | $19.4M | 50x | |
| Variational Omni MSTR | 0.0000% | 8h | 169.07 | +0.045% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.12 | +0.077% | $74K | $925K | 10x | as long as short |
| Phemex MSTRUSDTshort | 0.0000% | 4h | 169.08 | +0.053% | $2.9M | $61K | 10x | |
| BloFin MSTR-USDT | +0.0001% | 8h | 169.01 | +0.012% | $1.1M | $1.8M | 20x | as long as short |
Nado MSTR-PERP
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
GRVT MSTR_USDT_Perp
BloFin MSTR-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 168.94 | −0.030% | $3.6M | $2.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 168.90 | −0.053% | $585K | $1.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0032% | 8h | 169.02 | +0.018% | $28.9M | $119.7M | 25x | as long as short |
| QFEX MSTR-USD | +0.0042% | 1h | 168.98 | −0.006% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.07 | +0.047% | — | $2.1M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 168.95 | −0.024% | $402K | $2.6M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 168.98 | −0.006% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.02 | +0.018% | $740K | $5.2M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.93 | −0.036% | $1.5M | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0056% | 1h | 168.95 | −0.024% | $56.9M | $37.9M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0057% | 8h | 168.97 | −0.012% | $15.2M | $40.8M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0071% | 8h | 168.94 | −0.032% | $68 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.00 | +0.007% | $103K | $114K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 168.99 | 0.000% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.17 | +0.107% | $4K | $552K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 168.99 | 0.000% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.00 | +0.004% | $140 | — | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.22 | +0.136% | $57K | $394K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.29 | +0.178% | $13K | $22K | 30x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.09 | +0.059% | $27K | $129K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0579% | 1h | 169.05 | +0.036% | $287K | $439K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0849% | 4h | 169.05 | +0.034% | $47K | $5.4M | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
Bitget MSTRUSDT
QFEX MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Bybit MSTRUSDT
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Phoenix MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC