Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.013%
Price spread now: Extended against Orderly−0.049%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.049% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MSTR_USDC_mythos | 164.58 | 0.0100 | pay 0.0100% / 8h | 4h 46m | $3K | $8K | 10x |
| Short | Extended MSTR_24_5-USD | 164.50 | 0.0032 | get 0.0004% / 1h | 46m 35s | $595K | $1.9M | 10x |
Orderly PERP_MSTR_USDC_mythos
Extended MSTR_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Orderly. 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
- −$14.28
- Price spread: −0.049% → 0.000%
- −$4.86
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$30.14
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Extended: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 2 min ago | 1.82 bp | 5.8 bp −$6 | 22.3 bp −$223 | doesn't fit | doesn't fit |
Orderly: 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 | −0.0822% | 8h | 164.78 | +0.122% | $27.7M | $115.0M | 25x | as long as short |
| Gate MSTR_USDT | −0.0040% | 8h | 164.74 | +0.097% | $4.6M | $18.4M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.46 | −0.073% | $1.8M | $8.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.66 | +0.049% | $2.8M | $71K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0008% | 8h | 164.70 | +0.073% | $20.7M | $99.7M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.54 | −0.024% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USDshort | +0.0032% | 1h | 164.50 | −0.049% | $595K | $1.9M | 10x | |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.892% | $8K | $26K | 30x | as long as short |
| RISEx MSTR/USDC | +0.0034% | 1h | 164.65 | +0.043% | $267K | $449K | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.86 | +0.170% | $27K | $109K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Lighter MSTR
Injective MSTR/USDC PERP
RISEx MSTR/USDC
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.62 | +0.024% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.58 | 0.000% | $381K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.55 | −0.018% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.54 | −0.024% | $866K | $4.1M | 10x | as long as short |
| Variational Omni MSTR | +0.0051% | 8h | 164.95 | +0.222% | $1.2M | $2.1M | — | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 164.69 | +0.067% | $1.4M | $7.5M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.64 | +0.034% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.45 | −0.079% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.58 | 0.000% | $6K | $185K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythoslong | +0.0100% | 8h | 164.58 | long leg | $3K | $8K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.56 | −0.010% | $137 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0123% | 8h | 164.63 | +0.028% | $88.0M | $617.4M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0143% | 8h | 164.58 | +0.001% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0159% | 8h | 164.81 | +0.139% | $78K | $770K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.77 | +0.115% | $1.4M | $1.1M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0191% | 4h | 164.83 | +0.150% | $49K | $5.4M | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.75 | +0.105% | $56K | $226K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0243% | 8h | 164.62 | +0.024% | $1.0M | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0253% | 1h | 164.48 | −0.061% | $54.9M | $36.9M | 10x | as long as short |
| Nado MSTR-PERP | +0.0302% | 1h | 164.49 | −0.053% | $121K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0367% | 8h | 164.72 | +0.085% | $17.1M | $40.7M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0601% | 1h | 164.63 | +0.030% | $280K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Variational Omni MSTR
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aevo MSTR-PERP
Binance MSTRUSDT
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
edgeX MSTRUSDC
Phoenix MSTR
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Nado MSTR-PERP
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL