MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0109%/8h= −11.9% APRnext payment −$0.14 per $10,000 · paid last 24h −0.055%

Price spread now: Aevo against Phoenix−0.030%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aevo is 0.030% cheaper against Phoenix than usual: you would sell low and buy high (−$3 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	Phoenix MSTR	164.76	0.0213	pay 0.0027% / 1h	57m 25s	$56K	$226K	10x
Short	Aevo MSTR-PERP	164.71	0.0104	get 0.0013% / 1h	57m 25s	$137	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now −0.030%Rate

Funding earned: −$22.84
Price spread: −0.030% → 0.000%: −$2.98
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$48.82
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 57 min ago; Aevo: 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 Phoenix live order book, 57 min ago	3.39 bp	10.9 bp −$11	22.5 bp −$225	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0906%	8h	164.80	+0.026%	$27.9M	$115.2M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.63	−0.076%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.76	+0.002%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.76	+0.002%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0024%	8h	164.72	−0.022%	$20.7M	$99.7M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.69	−0.041%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.56	−0.117%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.782%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.74	−0.010%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.66	−0.059%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.64	−0.071%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.66	−0.059%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.51	−0.150%	$859K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.71	−0.029%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0097%	8h	164.61	−0.092%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.68	−0.045%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.64	−0.071%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.62	−0.083%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.67	−0.053%	$3K	$8K	10x	as long as short
Aevo MSTR-PERPshort	+0.0104%	1h	164.71	−0.030%	$137	—	10x
tradeXYZ xyz:MSTR	+0.0127%	1h	164.66	−0.059%	$54.8M	$37.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0140%	8h	164.70	−0.033%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.71	−0.029%	$87.0M	$615.6M	50x	as long as short
edgeX MSTRUSDC	+0.0159%	4h	164.73	−0.014%	$49K	$5.3M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.387%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0179%	8h	164.77	+0.011%	$82K	$792K	10x	as long as short
Phoenix MSTRlong	+0.0213%	1h	164.76	long leg	$56K	$226K	10x
RISEx MSTR/USDC	+0.0231%	1h	164.74	−0.010%	$267K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0231%	1h	164.60	−0.095%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	164.79	+0.020%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0345%	8h	164.74	−0.010%	$17.0M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0661%	1h	164.72	−0.022%	$280K	$438K	10x	as long as short