Funding you earn now, next payment 10:00 UTC+0.0340%/8h= +37.2% APRnext payment +$0.43 per $10,000 · paid last 24h +0.017%
Price spread now: Injective against Pacifica−0.523%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Injective is 0.523% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.523% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$52 on $10k: about 5.1 days of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.117%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 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 | Pacifica MSTR | 166.09 | 0.0100 | pay 0.0013% / 1h | 21m 22s | $102K | $84K | 10x |
| Short | Injective MSTR/USDC PERP | 165.22 | 0.0440 | get 0.0055% / 1h | 21m 22s | $7K | $28K | 30x |
Pacifica MSTR
Injective MSTR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Pacifica. 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
- $71.4
- Price spread: −0.523% → 0.000%
- −$52.32
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $11.06
- Costs to cover
- 0.080%
- Break-even
- 5.9 days
Slippage unknown: Pacifica: live order book, 29 min ago; Injective: 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 Pacifica live order book, 29 min ago | 1.09 bp | 5.1 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | 0.0000% | 8h | 166.14 | +0.031% | $4.9M | $18.4M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 166.11 | +0.013% | $31.9M | $108.5M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 166.11 | +0.013% | $2.8M | $85K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 165.96 | −0.078% | $511K | $1.8M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 166.36 | +0.163% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 166.19 | +0.061% | $384K | $2.4M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 166.08 | −0.005% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 166.06 | −0.017% | $883K | $3.4M | 10x | as long as short |
| Lighter MSTR | +0.0056% | 1h | 166.17 | +0.049% | $3.5M | $1.8M | 10x | as long as short |
| QFEX MSTR-USD | +0.0076% | 1h | 166.13 | +0.025% | $1.3M | $6.4M | 10x | as long as short |
Gate MSTR_USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Lighter MSTR
QFEX MSTR-USDShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex MSTR-USD-PERP | +0.0094% | 8h | 166.18 | +0.058% | $66 | — | 5x | as long as short |
| Pacifica MSTRlong | +0.0100% | 1h | 166.09 | long leg | $102K | $84K | 10x | |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 166.05 | −0.023% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 165.76 | −0.198% | $6K | $167K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 166.09 | +0.001% | $3K | $10K | 10x | as long as short |
| Nado MSTR-PERP | +0.0104% | 1h | 166.10 | +0.006% | $127K | $133K | 3x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 166.06 | −0.015% | $138 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0112% | 1h | 165.78 | −0.186% | $1.4M | $405K | 10x | as long as short |
| Aster MSTRUSDT | +0.0192% | 8h | 165.93 | −0.096% | $1.8M | $7.4M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0252% | 1h | 166.15 | +0.037% | $54.9M | $34.7M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0261% | 8h | 166.13 | +0.025% | $17.2M | $38.9M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0266% | 8h | 166.08 | −0.005% | $21.6M | $87.4M | 50x | as long as short |
| Variational Omni MSTR | +0.0281% | 8h | 165.68 | −0.246% | $1.2M | $1.7M | — | as long as short |
| Phoenix MSTR | +0.0355% | 1h | 165.61 | −0.286% | $55K | $217K | 10x | as long as short |
| Binance MSTRUSDT | +0.0376% | 8h | 166.07 | −0.011% | $86.9M | $560.7M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0397% | 8h | 166.07 | −0.011% | $88K | $852K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0424% | 4h | 165.69 | −0.241% | $49K | $5.1M | 10x | as long as short |
| Injective MSTR/USDC PERPshort | +0.0440% | 1h | 165.22 | −0.523% | $7K | $28K | 30x | |
| BloFin MSTR-USDT | +0.0489% | 8h | 166.03 | −0.036% | $1.1M | $2.0M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0598% | 1h | 166.23 | +0.085% | $274K | $356K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0714% | 1h | 166.08 | −0.005% | $282K | $224K | 10x | as long as short |
| Arcus MSTR-USD | +0.0942% | 1h | 166.30 | +0.127% | $26K | $79K | 10x | as long as short |
Paradex MSTR-USD-PERP
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Nado MSTR-PERP
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDT
tradeXYZ xyz:MSTR
Bybit MSTRUSDT
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Phoenix MSTR
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
edgeX MSTRUSDC
BloFin MSTR-USDT
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL
Arcus MSTR-USD