Funding you earn now, next payment 02:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%
Price spread now: Vest 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 3 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 Vest 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 | 164.50 | 0.0100 | pay 0.0100% / 8h | 6h 03m | $3K | $8K | 10x |
| Short | Vest MSTR-USD-PERP | 164.42 | 0.0046 | get 0.0006% / 1h | 3m 41s | — | $1.8M | 25x |
Orderly PERP_MSTR_USDC_mythos
Vest MSTR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$11.41
- Price spread: −0.049% → 0.000%
- −$4.86
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$24.27
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Vest no order-book sample | — | — | — | — | — |
Orderly 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 31 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 | −0.1145% | 8h | 164.74 | +0.146% | $27.6M | $115.2M | 25x | as long as short |
| Gate MSTR_USDT | −0.0168% | 8h | 164.75 | +0.152% | $4.6M | $19.2M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.54 | +0.023% | $1.2M | $7.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.58 | +0.049% | $20.8M | $99.6M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 164.51 | +0.009% | $269K | $447K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.50 | 0.000% | $2.8M | $69K | 10x | as long as short |
| Variational Omni MSTR | +0.0014% | 8h | 164.39 | −0.069% | $1.2M | $2.1M | — | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.46 | −0.024% | $594K | $2.0M | 10x | as long as short |
| Lighter MSTR | +0.0040% | 1h | 164.53 | +0.018% | $3.5M | $1.9M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.53 | +0.018% | $26K | $113K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Phemex MSTRUSDT
Variational Omni MSTR
Extended MSTR_24_5-USD
Lighter MSTR
Arcus MSTR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERPshort | +0.0046% | 1h | 164.42 | −0.049% | — | $1.8M | 25x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.48 | −0.012% | $384K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.45 | −0.030% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.15 | −0.213% | $909K | $4.4M | 10x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 164.47 | −0.018% | $1.4M | $8.0M | 10x | as long as short |
| Binance MSTRUSDT | +0.0086% | 8h | 164.59 | +0.055% | $87.8M | $621.4M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.56 | +0.035% | $101K | $86K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.43 | −0.043% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.47 | −0.018% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythoslong | +0.0100% | 8h | 164.50 | long leg | $3K | $8K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.51 | +0.009% | $137 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0163% | 8h | 164.40 | −0.063% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.16 | −0.207% | $1.4M | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0191% | 1h | 164.51 | +0.006% | $55.1M | $36.6M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0202% | 8h | 164.57 | +0.043% | $79K | $760K | 10x | as long as short |
| Nado MSTR-PERP | +0.0340% | 1h | 164.28 | −0.135% | $122K | $149K | 3x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +2.942% | $8K | $26K | 30x | as long as short |
| Bybit MSTRUSDT | +0.0366% | 8h | 164.67 | +0.103% | $17.1M | $40.9M | 50x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.55 | +0.032% | $56K | $219K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0652% | 4h | 164.61 | +0.064% | $50K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0662% | 1h | 164.58 | +0.049% | $280K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Binance MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
GRVT MSTR_USDT_Perp
Nado MSTR-PERP
Injective MSTR/USDC PERP
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL