Funding you earn now, next payment 03:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.047%
Price spread now: Binance against Vest+0.067%7-day average +0.454% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.042%+$4 on $10k
+Price spread, last 7 days+0.105%+$10 · spread now +0.067%, 7d avg +0.454%
=Together, before fees+0.147%+ Points / potential airdropVest: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.387% cheaper against Vest than usual: you would sell low and buy high (spread +0.067% now, against its 7-day average of +0.454%). If the spread goes back, that is −$39 on $10k: about 24 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 | Vest MSTR-USD-PERP | 164.75 | 0.0046 | pay 0.0006% / 1h | 32m 22s | — | $1.7M | 25x |
| Short | Binance MSTRUSDT | 164.86 | 0.0099 | get 0.0099% / 8h | 5h 32m | $88.4M | $618.4M | 50x |
Vest MSTR-USD-PERP
Binance MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Vest. 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
- $11.11
- Price spread: +0.067% → +0.454%
- −$38.68
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$39.57
- Costs to cover
- 0.120%
- Break-even
- 31.9 days
Slippage unknown: Vest: no order-book sample; Binance: live order book, 11 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 Vest no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 11 min ago | 0.30 bp | 6.3 bp −$6 | 10.0 bp −$100 | 29.9 bp −$2,990 | 69.0 bp −$34.5K |
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 | −0.1254% | 8h | 164.93 | +0.109% | $27.7M | $114.3M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.76 | +0.007% | $1.9M | $8.4M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.87 | +0.073% | $20.9M | $99.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.93 | +0.109% | $4.6M | $18.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.85 | +0.061% | $2.8M | $71K | 10x | as long as short |
| Variational Omni MSTR | +0.0029% | 8h | 164.54 | −0.126% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.83 | +0.049% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.73 | −0.012% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.786% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.63 | −0.073% | $26K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Gate MSTR_USDT
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERPlong | +0.0046% | 1h | 164.75 | long leg | — | $1.7M | 25x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.77 | +0.012% | $384K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.84 | +0.055% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.35 | −0.243% | $855K | $4.2M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.80 | +0.030% | $1.4M | $7.6M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0074% | 1h | 164.76 | +0.006% | $54.9M | $36.7M | 10x | as long as short |
| Binance MSTRUSDTshort | +0.0099% | 8h | 164.86 | +0.067% | $88.4M | $618.4M | 50x | |
| Pacifica MSTR | +0.0100% | 1h | 164.76 | +0.004% | $101K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.78 | +0.018% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.51 | −0.146% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.85 | +0.061% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.85 | +0.060% | $137 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0145% | 8h | 164.82 | +0.044% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0164% | 8h | 164.63 | −0.073% | $77K | $763K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.401% | $1.4M | $1.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0217% | 8h | 164.78 | +0.018% | $1.0M | $2.0M | 20x | as long as short |
| Nado MSTR-PERP | +0.0220% | 1h | 164.76 | +0.003% | $122K | $149K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 164.84 | +0.058% | $270K | $447K | 10x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 164.64 | −0.065% | $56K | $227K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0347% | 8h | 164.92 | +0.103% | $17.2M | $40.7M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0600% | 1h | 164.91 | +0.097% | $280K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0681% | 4h | 164.52 | −0.138% | $49K | $5.4M | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
tradeXYZ xyz:MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
BloFin MSTR-USDT
Nado MSTR-PERP
RISEx MSTR/USDC
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC