Funding you earn now, next payment 05:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.03 per $10,000 · paid last 24h −0.003%
Price spread now: Vest against QFEX−0.079%54s7-day average −0.365% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.026%+$3 on $10k
+Price spread, last 7 days+0.067%+$7 · spread now −0.079%, 7d avg −0.365%
=Together, before fees+0.093%+ Points / potential airdropVest: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.286% dearer against QFEX than usual: you sell high and buy low (spread −0.079% now, against its 7-day average of −0.365%): +$29 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 46 days. The two prices were read 54 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 | QFEX MSTR-USD | 163.99 | 0.0067 | pay 0.0008% / 1h | 27m 36s | $1.4M | $7.3M | 10x |
| Short | Vest MSTR-USD-PERP | 163.86 | 0.0046 | get 0.0006% / 1h | 27m 36s | — | $1.7M | 25x |
QFEX MSTR-USD
Vest MSTR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against QFEX. 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
- −$4.38
- Price spread: −0.079% → −0.365%
- $28.58
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $12.2
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: QFEX: live order book, 6 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 QFEX live order book, 6 min ago | 2.13 bp | 7.1 bp −$7 | 7.6 bp −$76 | 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 | −0.0919% | 8h | 164.14 | +0.091% | $27.9M | $115.5M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.04 | +0.031% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.08 | +0.055% | $4.6M | $19.1M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.05 | +0.037% | $2.8M | $77K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.88 | −0.070% | $589K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.262% | $8K | $26K | 30x | as long as short |
| Lighter MSTR | +0.0040% | 1h | 163.96 | −0.018% | $3.5M | $1.9M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.18 | +0.116% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERPshort | +0.0046% | 1h | 163.86 | −0.079% | — | $1.7M | 25x | |
| OKX MSTR-USDT-SWAP | +0.0050% | 8h | 163.99 | 0.000% | $20.7M | $99.0M | 50x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Lighter MSTR
Arcus MSTR-USD
OKX MSTR-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.97 | −0.012% | $379K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.97 | −0.012% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.84 | −0.091% | $868K | $3.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0063% | 8h | 163.99 | +0.001% | $66 | — | 5x | as long as short |
| QFEX MSTR-USDlong | +0.0067% | 1h | 163.99 | long leg | $1.4M | $7.3M | 10x | |
| Pacifica MSTR | +0.0100% | 1h | 163.99 | −0.002% | $100K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.96 | −0.018% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.19 | +0.122% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.99 | 0.000% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.99 | +0.002% | $136 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0108% | 8h | 164.33 | +0.205% | $1.2M | $2.1M | — | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.88 | −0.067% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0171% | 8h | 164.01 | +0.012% | $86.5M | $616.5M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0173% | 8h | 164.17 | +0.110% | $75K | $825K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.01 | +0.015% | $266K | $445K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0254% | 1h | 164.00 | +0.006% | $54.6M | $37.0M | 10x | as long as short |
| Nado MSTR-PERP | +0.0262% | 1h | 163.93 | −0.038% | $121K | $148K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0291% | 8h | 164.19 | +0.122% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0337% | 8h | 164.07 | +0.049% | $16.7M | $41.0M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.28 | +0.179% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0533% | 4h | 164.14 | +0.094% | $49K | $5.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0543% | 1h | 163.99 | 0.000% | $279K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Variational Omni MSTR
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL