MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −0.037%

Price spread now: QFEX against Injective−3.413%7-day average — · you buy dearer than you sell

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

Long on Injective Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. QFEX is 3.413% cheaper against Injective than usual: you would sell low and buy high (spread −3.413% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$341 on $10k: about 11 months of funding at the current rate (+$1 a day).

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	0m 13s	$8K	$26K	30x
Short	QFEX MSTR-USD	163.56	0.0067	get 0.0008% / 1h	0m 13s	$1.4M	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 InjectivebpFee QFEXbpOrdersPrice spread, now −3.413%Rate

Funding earned: $6.98
Price spread: −3.413% → 0.000%: −$341.33
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$344.37
Costs to cover: 0.100%
Break-even: 352.5 days

Slippage unknown: Injective: no order-book sample; QFEX: 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 QFEX live order book, 4 min ago	1.83 bp	6.8 bp −$7	8.0 bp −$80	15.8 bp −$1,578	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	−0.0978%	8h	163.78	−3.283%	$27.1M	$116.6M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.55	−3.422%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.69	−3.336%	$4.6M	$19.3M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.88	−3.224%	$2.8M	$77K	10x	as long as short
Lighter MSTR	+0.0032%	1h	163.56	−3.413%	$3.5M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.38	−3.522%	$599K	$1.9M	10x	as long as short
Injective MSTR/USDC PERPlong	+0.0033%	1h	169.34	long leg	$8K	$26K	30x
Arcus MSTR-USD	+0.0040%	1h	163.79	−3.277%	$26K	$109K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0042%	8h	163.65	−3.360%	$20.7M	$99.0M	50x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.34	−3.543%	—	$1.7M	25x	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	163.53	−3.431%	$379K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.59	−3.396%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.41	−3.502%	$817K	$4.0M	10x	as long as short
QFEX MSTR-USDshort	+0.0067%	1h	163.56	−3.413%	$1.4M	$7.2M	10x
Paradex MSTR-USD-PERP	+0.0076%	8h	163.56	−3.415%	$65	—	5x	as long as short
Variational Omni MSTR	+0.0089%	8h	163.65	−3.362%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	163.60	−3.390%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.48	−3.460%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.60	−3.390%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.52	−3.437%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.55	−3.417%	$136	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0149%	8h	163.93	−3.193%	$83K	$824K	10x	as long as short
Binance MSTRUSDT	+0.0156%	8h	163.58	−3.402%	$85.8M	$618.9M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.57	−3.407%	$1.4M	$1.1M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	163.62	−3.380%	$265K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0239%	1h	163.53	−3.429%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0253%	1h	163.58	−3.401%	$54.5M	$37.1M	10x	as long as short
BloFin MSTR-USDT	+0.0275%	8h	163.73	−3.313%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0309%	8h	163.65	−3.360%	$16.6M	$41.2M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	163.67	−3.347%	$56K	$226K	10x	as long as short
edgeX MSTRUSDC	+0.0595%	4h	163.80	−3.271%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0729%	1h	163.59	−3.396%	$278K	$438K	10x	as long as short