MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.07 per $10,000 · paid last 24h +0.043%

Price spread now: Injective against QFEX−0.236%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Injective is 0.236% cheaper against QFEX than usual: you would sell low and buy high (spread −0.236% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 14 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSTR-USD	169.48	0.0049	pay 0.0006% / 1h	48m 11s	$1.5M	$10.2M	10x
Short	Injective MSTR/USDC PERP	169.08	0.0104	get 0.0013% / 1h	48m 11s	$13K	$21K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against QFEX. 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 QFEXbpFee InjectivebpOrdersPrice spread, now −0.236%Rate

Funding earned: $11.45
Price spread: −0.236% → 0.000%: −$23.6
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$22.18
Costs to cover: 0.100%
Break-even: 20.6 days

Slippage unknown: QFEX: live order book, 6 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 QFEX live order book, 6 min ago	2.36 bp	7.4 bp −$7	7.4 bp −$74	14.1 bp −$1,406	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 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
Aster MSTRUSDT	0.0000%	8h	169.46	−0.013%	$1.3M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.45	−0.018%	$4.8M	$19.3M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.49	+0.008%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.53	+0.030%	$83K	$875K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.49	+0.006%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.43	−0.027%	$276K	$442K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0002%	8h	169.49	+0.006%	$22.1M	$106.8M	50x	as long as short
Binance MSTRUSDT	+0.0019%	8h	169.47	−0.006%	$89.4M	$628.9M	50x	as long as short
BloFin MSTR-USDT	+0.0021%	8h	169.45	−0.018%	$1.1M	$1.8M	20x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.33	−0.087%	$583K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MSTR-PERP	+0.0038%	1h	169.28	−0.118%	$139K	$97K	3x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.54	+0.035%	—	$2.1M	25x	as long as short
QFEX MSTR-USDlong	+0.0049%	1h	169.48	long leg	$1.5M	$10.2M	10x
Polymarket Perps MSTR-USD	+0.0050%	1h	169.32	−0.094%	$405K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.45	−0.018%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.31	−0.100%	$782K	$5.2M	10x	as long as short
Bitget MSTRUSDT	+0.0053%	8h	169.46	−0.012%	$28.7M	$120.6M	25x	as long as short
Bybit MSTRUSDT	+0.0092%	8h	169.50	+0.012%	$15.2M	$40.5M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	169.50	+0.012%	$1.5M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.40	−0.045%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.35	−0.077%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.21	−0.159%	$4K	$357K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.44	−0.024%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERPshort	+0.0104%	1h	169.08	−0.236%	$13K	$21K	30x
Aevo MSTR-PERP	+0.0104%	1h	169.46	−0.012%	$141	—	10x	as long as short
Lighter MSTR	+0.0120%	1h	169.44	−0.024%	$3.6M	$2.4M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0123%	8h	169.37	−0.065%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0162%	1h	169.43	−0.030%	$57.2M	$37.4M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.50	+0.014%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0686%	4h	169.52	+0.026%	$47K	$5.5M	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.47	−0.006%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0813%	1h	169.53	+0.030%	$288K	$438K	10x	as long as short