MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.15 per $10,000 · paid last 24h +0.008%

Price spread now: Coinbase International against Vest−0.097%7-day average +0.872% · you buy dearer than you sell

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

Long on Vest Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.113%+$11 on $10k

Price spread, last 3 days (all we have)+0.253%+$25 · spread now −0.097%, 7d avg +0.872%

Together, before fees+0.366%+ Points / potential airdropVest: Active · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.969% cheaper against Vest than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of +0.872%). If the spread goes back, that is −$97 on $10k: about 26 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSTR-USD-PERP	165.05	0.0046	pay 0.0006% / 1h	22m 13s	—	$1.8M	25x
Short	Coinbase International MSTR-PERP-INTX	164.89	0.0168	get 0.0021% / 1h	22m 13s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee Coinbase InternationalbpOrdersPrice spread, now −0.097%Rate

Funding earned: $25.69
Price spread: −0.097% → +0.872%: −$96.92
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$83.23
Costs to cover: 0.120%
Break-even: 29.7 days

Slippage unknown: Vest: no order-book sample; Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago	2.43 bp	7.4 bp −$7	13.2 bp −$132	doesn't fit	doesn't fit

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 31 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	−0.1033%	8h	165.19	+0.085%	$27.6M	$115.6M	25x	as long as short
Gate MSTR_USDT	−0.0157%	8h	165.05	0.000%	$4.6M	$19.0M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	165.08	+0.017%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.93	−0.073%	$21.0M	$100.9M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	165.13	+0.048%	$270K	$447K	10x	as long as short
Variational Omni MSTR	0.0000%	8h	165.11	+0.035%	$1.2M	$2.1M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.03	−0.012%	$2.8M	$68K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.80	−0.151%	$596K	$2.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.99	−0.036%	$27K	$113K	10x	as long as short
Vest MSTR-USD-PERPlong	+0.0046%	1h	165.05	long leg	—	$1.8M	25x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.83	−0.133%	$918K	$4.6M	10x	as long as short
Binance MSTRUSDT	+0.0058%	8h	164.93	−0.073%	$87.9M	$624.4M	50x	as long as short
QFEX MSTR-USD	+0.0064%	1h	165.13	+0.048%	$1.4M	$8.3M	10x	as long as short
Lighter MSTR	+0.0088%	1h	164.85	−0.121%	$3.5M	$1.9M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0098%	1h	164.96	−0.055%	$384K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0099%	1h	164.89	−0.097%	$43K	$3K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.12	+0.042%	$101K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.93	−0.073%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.92	−0.079%	$4K	$188K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.98	−0.042%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.96	−0.054%	$137	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0139%	8h	165.05	0.000%	$79K	$810K	10x	as long as short
Coinbase International MSTR-PERP-INTXshort	+0.0168%	1h	164.89	−0.097%	$1.4M	$1.1M	10x
Paradex MSTR-USD-PERP	+0.0176%	8h	165.13	+0.051%	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0243%	1h	164.89	−0.097%	$55.6M	$36.5M	10x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.599%	$8K	$26K	30x	as long as short
Nado MSTR-PERP	+0.0372%	1h	165.02	−0.015%	$111K	$143K	3x	as long as short
Phoenix MSTR	+0.0381%	1h	164.99	−0.035%	$55K	$219K	10x	as long as short
Bybit MSTRUSDT	+0.0392%	8h	164.95	−0.061%	$17.1M	$41.2M	50x	as long as short
edgeX MSTRUSDC	+0.0686%	4h	165.05	+0.002%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0781%	1h	165.03	−0.012%	$281K	$438K	10x	as long as short