Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.037%
Price spread now: Gate against Phemex−0.110%49s7-day average −0.025% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.440%+$44 on $10k
+Price spread, last 4 days (all we have)+0.175%+$17 · spread now −0.110%, 7d avg −0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.085% cheaper against Phemex than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.025%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MSTRUSDT | 164.00 | 0 | get 0.0000% / 4h | 2h 56m | $2.8M | $77K | 10x |
| Short | Gate MSTR_USDT | 163.82 | 0 | get 0.0000% / 8h | 2h 56m | $4.6M | $19.1M | 50x |
Phemex MSTRUSDT
Gate MSTR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Phemex. 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
- $0
- Price spread: −0.110% → −0.025%
- −$8.45
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$35.45
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 2 min ago; Gate: 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 Phemex live order book, 2 min ago | 1.22 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 1.53 bp | 19.2 bp −$19 | 36.3 bp −$363 | doesn't fit | doesn't fit |
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 | −0.0987% | 8h | 163.96 | −0.024% | $27.1M | $116.8M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.74 | −0.161% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDTshort | 0.0000% | 8h | 163.82 | −0.110% | $4.6M | $19.1M | 50x | |
| Phemex MSTRUSDTlong | 0.0000% | 4h | 164.00 | long leg | $2.8M | $77K | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.68 | −0.195% | $599K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.256% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.74 | −0.159% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.43 | −0.348% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.64 | −0.220% | $379K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.72 | −0.171% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MSTR-USDT-SWAP | +0.0050% | 8h | 163.76 | −0.146% | $20.7M | $99.1M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.65 | −0.213% | $817K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 163.68 | −0.195% | $1.4M | $7.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0085% | 8h | 163.70 | −0.184% | $65 | — | 5x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.74 | −0.162% | $266K | $446K | 10x | as long as short |
| Variational Omni MSTR | +0.0089% | 8h | 163.65 | −0.216% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0096% | 1h | 163.67 | −0.201% | $3.5M | $1.9M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.71 | −0.176% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.57 | −0.262% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.44 | −0.341% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.73 | −0.165% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.75 | −0.154% | $136 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0148% | 8h | 163.74 | −0.160% | $83K | $824K | 10x | as long as short |
| Binance MSTRUSDT | +0.0160% | 8h | 163.75 | −0.154% | $85.9M | $619.4M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | −0.262% | $1.4M | $1.1M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0248% | 4h | 163.64 | −0.221% | $48K | $5.4M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0278% | 8h | 163.79 | −0.128% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0288% | 1h | 163.61 | −0.235% | $121K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0318% | 8h | 163.84 | −0.098% | $16.6M | $41.2M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0320% | 1h | 163.70 | −0.183% | $54.5M | $37.1M | 10x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 163.63 | −0.228% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0850% | 1h | 163.78 | −0.134% | $279K | $438K | 10x | as long as short |
OKX MSTR-USDT-SWAP
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Paradex MSTR-USD-PERP
RISEx MSTR/USDC
Variational Omni MSTR
Lighter MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
edgeX MSTRUSDC
BloFin MSTR-USDT
Nado MSTR-PERP
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL