Funding you earn now, next payment 06:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h −0.047%
Price spread now: Binance against RISEx−0.115%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Funding, last 4 days (all we have)−0.265%−$27 on $10k
+Price spread, last 4 days (all we have)+1.048%+$105 · spread now −0.115%, 7d avg +0.035%
=Funding pays, the price is against you. Binance is 0.150% cheaper against RISEx than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of +0.035%). If the spread goes back, that is −$15 on $10k: about 4.8 days of funding at the current rate (+$3 a day). Mind the row above: over the last 4 days funding on this pair cost −0.265%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx MSTR/USDC | 163.14 | 0.0088 | pay 0.0011% / 1h | 35m 10s | $265K | $443K | 10x |
| Short | Binance MSTRUSDT | 162.95 | 0.0193 | get 0.0193% / 8h | 2h 35m | $84.6M | $624.7M | 50x |
RISEx MSTR/USDC
Binance MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against RISEx. 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
- $22.09
- Price spread: −0.115% → +0.035%
- −$15.04
- Slippage, 4 orders
- −$2.76
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$11.72
- Costs to cover
- 0.188%
- Break-even
- 10.7 days
Slippage from RISEx: live order book, 13 min ago; Binance: live order book, 9 min ago.
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 RISEx live order book, 13 min ago | 0.31 bp | 3.3 bp −$3 | 4.5 bp −$45 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.31 bp | 6.4 bp −$6 | 10.4 bp −$104 | 19.2 bp −$1,922 | 23.3 bp −$11.7K |
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 | −0.1054% | 8h | 163.34 | +0.124% | $27.1M | $117.7M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.03 | −0.066% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.12 | −0.011% | $4.7M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.14 | +0.001% | $2.7M | $77K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.95 | −0.112% | $593K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.801% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.09 | −0.030% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0041% | 1h | 162.79 | −0.214% | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.14 | +0.001% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.88 | −0.158% | $856K | $3.9M | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
SoDEX MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0051% | 1h | 163.09 | −0.030% | $377K | $2.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 163.15 | +0.007% | $1.4M | $7.2M | 10x | as long as short |
| RISEx MSTR/USDClong | +0.0088% | 1h | 163.14 | long leg | $265K | $443K | 10x | |
| OKX MSTR-USDT-SWAP | +0.0090% | 8h | 162.90 | −0.146% | $20.7M | $99.9M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.18 | +0.027% | $100K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.05 | −0.054% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.88 | −0.158% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.17 | +0.019% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.18 | +0.023% | $135 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0124% | 8h | 163.00 | −0.085% | $1.2M | $2.1M | — | as long as short |
| Paradex MSTR-USD-PERP | +0.0148% | 8h | 163.11 | −0.017% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 162.54 | −0.367% | $1.4M | $1.1M | 10x | as long as short |
| Lighter MSTR | +0.0192% | 1h | 163.10 | −0.024% | $3.5M | $1.9M | 10x | as long as short |
| Binance MSTRUSDTshort | +0.0193% | 8h | 162.95 | −0.115% | $84.6M | $624.7M | 50x | |
| GRVT MSTR_USDT_Perp | +0.0200% | 8h | 163.11 | −0.020% | $79K | $831K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0208% | 4h | 162.93 | −0.126% | $48K | $5.4M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0313% | 8h | 163.21 | +0.044% | $1.0M | $2.1M | 20x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.10 | −0.024% | $55K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0365% | 8h | 162.97 | −0.103% | $16.6M | $41.3M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0373% | 1h | 162.99 | −0.091% | $54.3M | $37.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0373% | 1h | 162.94 | −0.120% | $130K | $156K | 3x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1284% | 1h | 163.22 | +0.050% | $278K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
QFEX MSTR-USD
OKX MSTR-USDT-SWAP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Variational Omni MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Lighter MSTR
GRVT MSTR_USDT_Perp
edgeX MSTRUSDC
BloFin MSTR-USDT
Phoenix MSTR
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Nado MSTR-PERP
Deribit MSTR_USDC-PERPETUAL