Funding you earn now, next payment 09:00 UTC+0.0619%/8h= +67.8% APRpaid last 24h +0.137%
Price spread now: edgeX against Injective−3.201%107s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. edgeX is 3.201% cheaper against Injective than usual: you would sell low and buy high (spread −3.201% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$320 on $10k: about 17 days of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.054% in total) that is about 14 months. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.054% in total (about 2.8% 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 | 169.34 | 0.0033 | pay 0.0004% / 1h | 55m 25s | $8K | $25K | 30x |
| Short | edgeX MSTRUSDC | 163.92 | 0.0653 | get 0.0326% / 4h | 3h 55m | $47K | $5.3M | 10x |
Injective MSTR/USDC PERP
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $130.05
- Price spread: −3.201% → 0.000%
- −$320.11
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$199.08
- Costs to cover
- 0.090%
- Break-even
- 17.7 days
Slippage unknown: Injective: no order-book sample; edgeX: live order book, 4 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 edgeX live order book, 4 min ago | 10.38 bp | 16.7 bp −$17 | 23.8 bp −$238 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0332% | 8h | 163.40 | −3.508% | $29.7M | $118.9M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.32 | −3.555% | $4.7M | $18.3M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.65 | −3.360% | $2.8M | $85K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0029% | 8h | 163.28 | −3.579% | $17.1M | $41.4M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.21 | −3.620% | $3.5M | $1.7M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.09 | −3.693% | $592K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERPlong | +0.0033% | 1h | 169.34 | long leg | $8K | $25K | 30x | |
| Arcus MSTR-USD | +0.0040% | 1h | 163.41 | −3.502% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.34 | −3.543% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.14 | −3.661% | $377K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Bybit MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.46 | −3.472% | $898K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0061% | 1h | 163.36 | −3.531% | $1.4M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0089% | 8h | 163.18 | −3.638% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.20 | −3.626% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.29 | −3.573% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.45 | −3.478% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.72 | −3.319% | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.71 | −3.327% | $136 | — | 10x | as long as short |
| Nado MSTR-PERP | +0.0110% | 1h | 163.20 | −3.624% | $125K | $165K | 3x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.62 | −3.968% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0128% | 8h | 163.09 | −3.692% | $65 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0211% | 8h | 163.38 | −3.520% | $20.8M | $99.5M | 50x | as long as short |
| Variational Omni MSTR | +0.0215% | 8h | 163.64 | −3.367% | $1.2M | $2.0M | — | as long as short |
| Binance MSTRUSDT | +0.0286% | 8h | 163.29 | −3.572% | $84.1M | $619.8M | 50x | as long as short |
| SoDEX MSTR-USD | +0.0298% | 1h | 163.64 | −3.366% | $43K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0300% | 1h | 163.58 | −3.401% | $278K | $435K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0308% | 1h | 163.35 | −3.537% | $54.0M | $37.7M | 10x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.79 | −3.279% | $56K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0398% | 8h | 163.94 | −3.189% | $1.0M | $2.1M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0400% | 1h | 163.36 | −3.532% | $268K | $417K | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0485% | 8h | 163.68 | −3.342% | $80K | $858K | 10x | as long as short |
| edgeX MSTRUSDCshort | +0.0653% | 4h | 163.92 | −3.201% | $47K | $5.3M | 10x |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Aster MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Nado MSTR-PERP
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Binance MSTRUSDT
SoDEX MSTR-USD
Deribit MSTR_USDC-PERPETUAL
tradeXYZ xyz:MSTR
Phoenix MSTR
BloFin MSTR-USDT
RISEx MSTR/USDC
GRVT MSTR_USDT_Perp