Funding you earn now, next payment 09:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.016%
Price spread now: Vest against Pacifica−0.038%7-day average −0.726% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.138%−$14 on $10k
+Price spread, last 4 days (all we have)+1.062%+$106 · spread now −0.038%, 7d avg −0.726%
=Together, before fees+0.924%+ Points / potential airdropPacifica: Active · Vest: Active · farm board+$92 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.687% dearer against Pacifica than usual: you sell high and buy low (spread −0.038% now, against its 7-day average of −0.726%): +$69 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 days. At the pace of the last 4 days (−0.138% in total) that is about 18 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MSTR | 163.92 | 0.0100 | pay 0.0013% / 1h | 57m 31s | $101K | $89K | 10x |
| Short | Vest MSTR-USD-PERP | 163.86 | 0.0046 | get 0.0006% / 1h | 57m 31s | — | $1.8M | 25x |
Pacifica MSTR
Vest MSTR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$11.41
- Price spread: −0.038% → −0.726%
- $68.73
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $47.33
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Pacifica: live order book, 11 min ago; 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 Pacifica live order book, 11 min ago | 1.04 bp | 5.0 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
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 | −0.0356% | 8h | 163.95 | +0.016% | $29.8M | $118.9M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.00 | +0.047% | $4.7M | $18.3M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.75 | −0.106% | $2.8M | $84K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.77 | −0.092% | $592K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.305% | $8K | $25K | 30x | as long as short |
| Lighter MSTR | +0.0040% | 1h | 163.93 | +0.004% | $3.5M | $1.7M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.98 | +0.035% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERPshort | +0.0046% | 1h | 163.86 | −0.038% | — | $1.8M | 25x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.81 | −0.069% | $379K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.96 | −0.587% | $895K | $3.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Lighter MSTR
Arcus MSTR-USD
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0061% | 1h | 163.99 | +0.041% | $1.4M | $7.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0067% | 1h | 163.81 | −0.071% | $125K | $165K | 3x | as long as short |
| Aster MSTRUSDT | +0.0084% | 8h | 163.82 | −0.064% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTRlong | +0.0100% | 1h | 163.92 | long leg | $101K | $89K | 10x | |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.76 | −0.099% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.45 | −0.289% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.83 | −0.057% | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.80 | −0.072% | $136 | — | 10x | as long as short |
| Bybit MSTRUSDT | +0.0105% | 8h | 163.96 | +0.023% | $17.2M | $41.6M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.62 | −0.795% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0129% | 8h | 163.91 | −0.009% | $66 | — | 5x | as long as short |
| Variational Omni MSTR | +0.0202% | 8h | 163.25 | −0.409% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0210% | 8h | 163.94 | +0.010% | $20.9M | $99.9M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0251% | 1h | 163.93 | +0.004% | $54.2M | $37.7M | 10x | as long as short |
| Binance MSTRUSDT | +0.0278% | 8h | 163.95 | +0.014% | $84.4M | $620.2M | 50x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.79 | −0.083% | $56K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0393% | 8h | 163.68 | −0.148% | $1.0M | $2.1M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0400% | 1h | 163.97 | +0.027% | $269K | $417K | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0485% | 8h | 163.68 | −0.148% | $80K | $858K | 10x | as long as short |
| SoDEX MSTR-USD | +0.0544% | 1h | 163.78 | −0.087% | $43K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0605% | 1h | 163.87 | −0.032% | $279K | $437K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0936% | 4h | 163.43 | −0.300% | $47K | $5.3M | 10x | as long as short |
QFEX MSTR-USD
Nado MSTR-PERP
Aster MSTRUSDT
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Bybit MSTRUSDT
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
tradeXYZ xyz:MSTR
Binance MSTRUSDT
Phoenix MSTR
BloFin MSTR-USDT
RISEx MSTR/USDC
GRVT MSTR_USDT_Perp
SoDEX MSTR-USD
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC