MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0012%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h −0.040%

Price spread now: Vest against Injective−2.941%110s7-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 Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Vest is 2.941% cheaper against Injective than usual: you would sell low and buy high (spread −2.941% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$294 on $10k: about years of funding at the current rate ($0 a day). The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

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	51m 21s	$8K	$26K	30x
Short	Vest MSTR-USD-PERP	164.36	0.0046	get 0.0006% / 1h	51m 21s	—	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −2.941%Rate

Funding earned: $2.59
Price spread: −2.941% → 0.000%: −$294.08
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Vest: 1 bp × 2 orders: −$2
Net: −$293.51
Costs to cover: 0.020%
Break-even: 799.4 days

Slippage unknown: Injective: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample	—	—	—	—	—

Injective and Vest: 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	−0.0884%	8h	164.63	−2.781%	$27.9M	$115.3M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.38	−2.931%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.48	−2.870%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.59	−2.805%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0028%	8h	164.52	−2.846%	$20.7M	$99.6M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.45	−2.888%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.26	−3.000%	$593K	$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	164.66	−2.764%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERPshort	+0.0046%	1h	164.36	−2.941%	—	$1.7M	25x

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	164.41	−2.911%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.50	−2.858%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.47	−2.876%	$858K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.41	−2.911%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0099%	8h	164.66	−2.766%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.43	−2.898%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.35	−2.947%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.55	−2.829%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.43	−2.899%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.45	−2.888%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0137%	8h	164.38	−2.927%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.48	−2.867%	$86.8M	$615.8M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−3.083%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0171%	8h	164.74	−2.716%	$82K	$792K	10x	as long as short
edgeX MSTRUSDC	+0.0179%	4h	164.56	−2.822%	$49K	$5.3M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0212%	1h	164.41	−2.911%	$54.8M	$37.0M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.42	−2.905%	$267K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0232%	1h	164.37	−2.937%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	164.71	−2.734%	$1.0M	$2.0M	20x	as long as short
Phoenix MSTR	+0.0340%	1h	164.59	−2.806%	$56K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0343%	8h	164.53	−2.840%	$16.9M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0602%	1h	164.54	−2.835%	$280K	$438K	10x	as long as short