Funding you earn now, next payment 22:00 UTC−0.0414%/8h= −45.3% APRpaid last 24h +0.048%
Price spread now: BloFin against Injective+0.284%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.250%+$25 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. BloFin is 0.284% dearer against Injective than usual: you sell high and buy low (spread +0.284% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.250%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.250% in total (about 13.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MSTR/USDC PERP | 169.10 | 0.0440 | pay 0.0055% / 1h | 20m 29s | $13K | $22K | 30x |
| Short | BloFin MSTR-USDT | 169.58 | 0.0026 | get 0.0026% / 8h | 2h 20m | $1.1M | $1.8M | 20x |
Injective MSTR/USDC PERP
BloFin MSTR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Injective. 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
- −$86.87
- Price spread: +0.284% → 0.000%
- $28.39
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$70.5
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 2 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 Injective no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 2 min ago | 0.88 bp | 8.3 bp −$8 | 10.4 bp −$104 | 21.8 bp −$2,177 | doesn't fit |
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 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 | −0.0049% | 1h | 169.41 | +0.183% | $140K | $98K | 3x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.59 | +0.292% | $1.3M | $6.2M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.59 | +0.290% | $88.9M | $629.8M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.56 | +0.272% | $22.1M | $107.6M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.57 | +0.278% | $297K | $436K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.53 | +0.254% | $4.8M | $19.6M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.58 | +0.283% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.60 | +0.298% | $83K | $948K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.54 | +0.260% | $2.9M | $58K | 10x | as long as short |
| BloFin MSTR-USDTshort | +0.0026% | 8h | 169.58 | +0.284% | $1.1M | $1.8M | 20x |
Nado MSTR-PERP
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 169.52 | +0.248% | $3.6M | $2.6M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.34 | +0.139% | $588K | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0039% | 1h | 169.54 | +0.260% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.66 | +0.331% | — | $2.1M | 25x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0048% | 1h | 169.11 | +0.006% | $1.5M | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0050% | 1h | 169.52 | +0.248% | $56.7M | $38.2M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.50 | +0.237% | $420K | $2.6M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.56 | +0.272% | $45K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.46 | +0.213% | $768K | $5.1M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0078% | 8h | 169.57 | +0.278% | $28.9M | $119.9M | 25x | as long as short |
| Paradex MSTR-USD-PERP | +0.0087% | 8h | 169.53 | +0.253% | $68 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.49 | +0.231% | $104K | $137K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.43 | +0.195% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.43 | +0.195% | $4K | $900K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.53 | +0.254% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.55 | +0.264% | $141 | — | 10x | as long as short |
| Bybit MSTRUSDT | +0.0106% | 8h | 169.68 | +0.343% | $15.2M | $41.2M | 50x | as long as short |
| Phoenix MSTR | +0.0184% | 1h | 169.61 | +0.302% | $57K | $396K | 10x | as long as short |
| Arcus MSTR-USD | +0.0432% | 1h | 169.63 | +0.313% | $27K | $134K | 10x | as long as short |
| Injective MSTR/USDC PERPlong | +0.0440% | 1h | 169.10 | long leg | $13K | $22K | 30x | |
| edgeX MSTRUSDC | +0.0876% | 4h | 169.69 | +0.347% | $48K | $5.5M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0931% | 1h | 169.58 | +0.284% | $288K | $438K | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
QFEX MSTR-USD
Vest MSTR-USD-PERP
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
Bybit MSTRUSDT
Phoenix MSTR
Arcus MSTR-USD
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL