Funding you earn now, next payment 09:00 UTC−0.0400%/8h= −43.8% APRpaid last 24h −0.099%
Price spread now: Phemex against RISEx−0.001%7-day average +0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.365%−$37 on $10k
+Price spread, last 4 days (all we have)−0.272%−$27 · spread now −0.001%, 7d avg +0.004%
=The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx MSTR/USDC | 162.38 | 0.0400 | pay 0.0050% / 1h | 28m 07s | $267K | $398K | 10x |
| Short | Phemex MSTRUSDT | 162.38 | 0 | get 0.0000% / 4h | 3h 28m | $2.7M | $86K | 10x |
RISEx MSTR/USDC
Phemex MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$84.06
- Price spread: −0.001% → +0.004%
- −$0.46
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$102.52
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: RISEx: live order book, 5 min ago; Phemex: live order book, 5 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 RISEx live order book, 5 min ago | 2.15 bp | 5.1 bp −$5 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 3.99 bp | doesn't fit | doesn't fit | 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 | −0.0002% | 8h | 162.41 | +0.018% | $30.5M | $118.3M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 162.37 | −0.007% | $4.7M | $18.7M | 50x | as long as short |
| Phemex MSTRUSDTshort | 0.0000% | 4h | 162.38 | −0.001% | $2.7M | $86K | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.12 | −0.161% | $590K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 162.61 | +0.141% | $7K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 162.34 | −0.025% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.16 | −0.136% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.00 | −0.235% | $375K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 162.31 | −0.044% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.37 | −0.007% | $901K | $3.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0061% | 1h | 162.30 | −0.050% | $1.3M | $7.0M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 162.25 | −0.080% | $99K | $88K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 162.22 | −0.099% | $2.3M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.55 | +0.104% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 162.31 | −0.044% | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 162.33 | −0.030% | $135 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.26 | −0.074% | $1.4M | $1.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0124% | 8h | 162.30 | −0.052% | $1.7M | $8.7M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0170% | 8h | 162.32 | −0.040% | $65 | — | 5x | as long as short |
| Lighter MSTR | +0.0176% | 1h | 162.35 | −0.019% | $3.4M | $1.8M | 10x | as long as short |
| Nado MSTR-PERP | +0.0184% | 1h | 162.12 | −0.163% | $124K | $157K | 3x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0229% | 8h | 162.39 | +0.006% | $20.7M | $97.5M | 50x | as long as short |
| Variational Omni MSTR | +0.0240% | 8h | 162.69 | +0.189% | $1.2M | $2.0M | — | as long as short |
| Binance MSTRUSDT | +0.0316% | 8h | 162.34 | −0.026% | $84.2M | $618.0M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0342% | 8h | 162.74 | +0.222% | $84K | $846K | 10x | as long as short |
| RISEx MSTR/USDClong | +0.0400% | 1h | 162.38 | long leg | $267K | $398K | 10x | |
| tradeXYZ xyz:MSTR | +0.0414% | 1h | 162.27 | −0.068% | $53.4M | $37.6M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0438% | 8h | 162.55 | +0.104% | $1.0M | $2.1M | 20x | as long as short |
| Phoenix MSTR | +0.0460% | 1h | 162.62 | +0.145% | $55K | $223K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0521% | 8h | 162.43 | +0.030% | $17.0M | $41.2M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0861% | 1h | 162.26 | −0.074% | $276K | $430K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0901% | 4h | 162.71 | +0.205% | $46K | $5.4M | 10x | as long as short |
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDT
Paradex MSTR-USD-PERP
Lighter MSTR
Nado MSTR-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC