MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0504%/8h= +55.2% APRnext payment +$0.63 per $10,000 · paid last 24h +0.015%

Price spread now: tradeXYZ against Injective+0.399%94s7-day average — · you sell dearer than you buy

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

Long on Injective Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.193%+$19 on $10k

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and tradeXYZ is 0.399% dearer against Injective than usual: you sell high and buy low: +$40 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 94 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 0.193% in total (about 10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.63 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MSTR/USDC PERP	165.22	−0.0263	get 0.0033% / 1h	27m 30s	$7K	$28K	30x
Short	tradeXYZ xyz:MSTR	165.88	0.0241	get 0.0030% / 1h	27m 30s	$54.8M	$33.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.399%Rate

Funding earned: $105.86
Price spread: +0.399% → 0.000%: $39.95
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $127.79
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; tradeXYZ: 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 tradeXYZ live order book, 4 min ago	0.30 bp	9.3 bp −$9	11.4 bp −$114	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 exchanges

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
Injective MSTR/USDC PERPlong	−0.0263%	1h	165.22	long leg	$7K	$28K	30x
Gate MSTR_USDT	0.0000%	8h	165.88	+0.399%	$4.9M	$17.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	165.91	+0.418%	$32.1M	$104.0M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.83	+0.369%	$2.8M	$82K	10x	as long as short
Lighter MSTR	+0.0032%	1h	165.86	+0.387%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.74	+0.312%	$509K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	165.85	+0.381%	—	$1.7M	25x	as long as short
QFEX MSTR-USD	+0.0050%	1h	165.81	+0.357%	$1.3M	$5.9M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.84	+0.375%	$379K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.87	+0.393%	$44K	$3K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.75	+0.321%	$852K	$3.3M	10x	as long as short
Nado MSTR-PERP	+0.0061%	1h	165.75	+0.319%	$127K	$127K	3x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0072%	1h	165.80	+0.351%	$1.4M	$358K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.80	+0.350%	$101K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.80	+0.351%	$2.3M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.74	+0.315%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.90	+0.412%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.94	+0.439%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0106%	8h	165.85	+0.379%	$66	—	5x	as long as short
Bybit MSTRUSDT	+0.0191%	8h	165.89	+0.406%	$16.5M	$37.9M	50x	as long as short
tradeXYZ xyz:MSTRshort	+0.0241%	1h	165.88	+0.399%	$54.8M	$33.9M	10x
Aster MSTRUSDT	+0.0281%	8h	165.87	+0.393%	$1.8M	$7.0M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0286%	8h	165.86	+0.387%	$21.8M	$81.6M	50x	as long as short
Phoenix MSTR	+0.0322%	1h	165.90	+0.413%	$55K	$213K	10x	as long as short
Variational Omni MSTR	+0.0379%	8h	165.88	+0.397%	$1.2M	$1.7M	—	as long as short
RISEx MSTR/USDC	+0.0436%	1h	165.90	+0.412%	$274K	$350K	10x	as long as short
Binance MSTRUSDT	+0.0464%	8h	165.86	+0.387%	$87.2M	$525.2M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0582%	8h	165.86	+0.387%	$81K	$878K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0594%	1h	165.96	+0.448%	$282K	$189K	10x	as long as short
BloFin MSTR-USDT	+0.0612%	8h	165.81	+0.357%	$1.1M	$2.0M	20x	as long as short
Arcus MSTR-USD	+0.0824%	1h	165.94	+0.436%	$26K	$71K	10x	as long as short
edgeX MSTRUSDC	+0.0833%	4h	165.85	+0.383%	$48K	$4.7M	10x	as long as short