MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0652%/8h= +71.4% APRnext payment +$3.26 per $10,000 · paid last 24h +0.125%

Price spread now: edgeX against Phemex+0.180%7-day average −0.029% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 3 days (all we have)−0.149%−$15 · spread now +0.180%, 7d avg −0.029%

Together, before fees−0.044%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and edgeX is 0.209% dearer against Phemex than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.029%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.104% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex MSTRUSDT	164.31	0	get 0.0000% / 4h	2h 04m	$2.8M	$69K	10x
Short	edgeX MSTRUSDC	164.61	0.0652	get 0.0326% / 4h	2h 04m	$50K	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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 PhemexbpFee edgeXbpOrdersPrice spread, now +0.180%Rate

Funding earned: $136.84
Price spread: +0.180% → −0.029%: $20.9
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $136.73
Costs to cover: 0.210%
Break-even: 0.0 days

Slippage unknown: Phemex: live order book, 4 min ago; edgeX: live order book, 4 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 Phemex live order book, 4 min ago	4.25 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	2.13 bp	7.2 bp −$7	13.9 bp −$139	doesn't fit	doesn't fit

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	164.66	+0.213%	$27.6M	$115.2M	25x	as long as short
Gate MSTR_USDT	−0.0168%	8h	164.46	+0.091%	$4.6M	$19.2M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.37	+0.034%	$1.2M	$7.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.52	+0.128%	$20.8M	$99.8M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.51	+0.124%	$269K	$447K	10x	as long as short
Phemex MSTRUSDTlong	0.0000%	4h	164.31	long leg	$2.8M	$69K	10x
Variational Omni MSTR	+0.0014%	8h	164.39	+0.046%	$1.2M	$2.1M	—	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.31	+0.003%	$594K	$2.0M	10x	as long as short
Lighter MSTR	+0.0040%	1h	164.44	+0.079%	$3.5M	$1.9M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.53	+0.134%	$26K	$113K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.30	−0.006%	—	$1.8M	25x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.34	+0.018%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.15	−0.097%	$909K	$4.4M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0053%	1h	164.27	−0.024%	$383K	$2.7M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.47	+0.097%	$1.4M	$8.0M	10x	as long as short
Binance MSTRUSDT	+0.0085%	8h	164.48	+0.103%	$87.7M	$622.1M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.49	+0.108%	$101K	$86K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.39	+0.049%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.47	+0.097%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.30	−0.006%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.34	+0.021%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0163%	8h	164.40	+0.053%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.16	−0.091%	$1.4M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0193%	1h	164.37	+0.037%	$55.1M	$36.6M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0202%	8h	164.57	+0.158%	$79K	$760K	10x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+3.061%	$8K	$26K	30x	as long as short
Nado MSTR-PERP	+0.0345%	1h	164.16	−0.092%	$122K	$149K	3x	as long as short
Bybit MSTRUSDT	+0.0365%	8h	164.54	+0.140%	$17.1M	$41.0M	50x	as long as short
Phoenix MSTR	+0.0381%	1h	164.55	+0.147%	$56K	$219K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0542%	1h	164.35	+0.024%	$279K	$438K	10x	as long as short
edgeX MSTRUSDCshort	+0.0652%	4h	164.61	+0.180%	$50K	$5.4M	10x