Funding you earn now, next payment 23:00 UTC+0.0241%/8h= +26.4% APRpaid last 24h +0.050%
Price spread now: edgeX against Vest−0.008%63s7-day average +0.935% · 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)−0.038%−$4 on $10k
+Price spread, last 3 days (all we have)−0.084%−$8 · spread now −0.008%, 7d avg +0.935%
=Together, before fees−0.122%+ Points / potential airdropVest: Active · edgeX: Active · farm board−$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.944% cheaper against Vest than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.935%). If the spread goes back, that is −$94 on $10k: about 13 days of funding at the current rate (+$7 a day). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.038% in total (about -4.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 169.43 | 0.0046 | pay 0.0006% / 1h | 17m 47s | — | $2.1M | 25x |
| Short | edgeX MSTRUSDC | 169.42 | 0.0287 | get 0.0143% / 4h | 1h 17m | $48K | $5.5M | 10x |
Vest MSTR-USD-PERP
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $50.65
- Price spread: −0.008% → +0.935%
- −$94.36
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$54.71
- Costs to cover
- 0.110%
- Break-even
- 14.6 days
Slippage unknown: Vest: no order-book sample; edgeX: live order book, 6 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 edgeX live order book, 6 min ago | 5.61 bp | 10.6 bp −$11 | 17.7 bp −$177 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0073% | 1h | 169.29 | −0.084% | $139K | $97K | 3x | as long as short |
| BloFin MSTR-USDT | −0.0026% | 8h | 169.36 | −0.041% | $1.1M | $1.8M | 20x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.18 | −0.148% | $1.2M | $6.2M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.35 | −0.047% | $89.4M | $629.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.33 | −0.059% | $22.1M | $106.9M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.35 | −0.044% | $276K | $442K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.33 | −0.059% | $4.8M | $19.4M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.35 | −0.045% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.40 | −0.018% | $83K | $889K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.30 | −0.077% | $2.9M | $62K | 10x | as long as short |
Nado MSTR-PERP
BloFin MSTR-USDT
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 169.27 | −0.094% | $3.6M | $2.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.20 | −0.138% | $585K | $1.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0035% | 8h | 169.32 | −0.065% | $28.8M | $119.5M | 25x | as long as short |
| QFEX MSTR-USD | +0.0042% | 1h | 169.36 | −0.041% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERPlong | +0.0046% | 1h | 169.43 | long leg | — | $2.1M | 25x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.35 | −0.047% | $397K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.39 | −0.024% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.25 | −0.106% | $782K | $5.1M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.66 | −0.454% | $1.5M | $1.2M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0066% | 8h | 169.36 | −0.041% | $15.2M | $40.5M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0083% | 8h | 169.24 | −0.112% | $68 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0095% | 1h | 169.26 | −0.100% | $57.0M | $37.7M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.31 | −0.068% | $104K | $105K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.21 | −0.130% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.15 | −0.165% | $4K | $481K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.42 | −0.006% | $3K | $11K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.40 | −0.016% | $141 | — | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.34 | −0.055% | $57K | $394K | 10x | as long as short |
| edgeX MSTRUSDCshort | +0.0287% | 4h | 169.42 | −0.008% | $48K | $5.5M | 10x | |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.29 | −0.083% | $13K | $22K | 30x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.42 | −0.006% | $27K | $129K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0636% | 1h | 169.45 | +0.012% | $288K | $439K | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
Bitget MSTRUSDT
QFEX MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Coinbase International MSTR-PERP-INTX
Bybit MSTRUSDT
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Phoenix MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD
Deribit MSTR_USDC-PERPETUAL