Funding you earn now, next payment 09:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.001%
Price spread now: Extended against Vest−0.106%7-day average +0.322% · 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)+0.113%+$11 on $10k
+Price spread, last 7 days−0.003%$0 · spread now −0.106%, 7d avg +0.322%
=Together, before fees+0.110%+ Points / potential airdropVest: Active · Extended: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 0.428% cheaper against Vest than usual: you would sell low and buy high (−$43 if the spread goes back to its 7-day average of +0.322%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.113%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 163.32 | 0.0046 | pay 0.0006% / 1h | 46m 24s | — | $1.7M | 25x |
| Short | Extended MSTR_24_5-USD | 163.15 | 0.0032 | get 0.0004% / 1h | 46m 24s | $592K | $2.0M | 10x |
Vest MSTR-USD-PERP
Extended MSTR_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$2.87
- Price spread: −0.106% → +0.322%
- −$42.77
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$52.64
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Extended: live order book, 2 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 Extended live order book, 2 min ago | 1.53 bp | 6.0 bp −$6 | 20.3 bp −$203 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0211% | 8h | 163.48 | +0.098% | $30.1M | $118.5M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.36 | +0.024% | $2.7M | $85K | 10x | as long as short |
| Extended MSTR_24_5-USDshort | +0.0032% | 1h | 163.15 | −0.106% | $592K | $2.0M | 10x | |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.686% | $8K | $25K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.55 | +0.141% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERPlong | +0.0046% | 1h | 163.32 | long leg | — | $1.7M | 25x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.20 | −0.073% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.37 | +0.031% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.39 | +0.043% | $892K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0061% | 1h | 163.44 | +0.073% | $1.3M | $7.0M | 10x | as long as short |
Bitget MSTRUSDT
Phemex MSTRUSDT
Injective MSTR/USDC PERP
Arcus MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MSTR | +0.0100% | 1h | 163.48 | +0.100% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.44 | +0.073% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.36 | +0.024% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.43 | +0.067% | $3K | $13K | 10x | as long as short |
| Lighter MSTR | +0.0104% | 1h | 163.43 | +0.067% | $3.5M | $1.7M | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.39 | +0.046% | $136 | — | 10x | as long as short |
| Aster MSTRUSDT | +0.0120% | 8h | 163.48 | +0.095% | $1.8M | $8.7M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.62 | −0.429% | $1.4M | $1.1M | 10x | as long as short |
| Gate MSTR_USDT | +0.0124% | 8h | 163.48 | +0.098% | $4.7M | $18.4M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0162% | 8h | 163.42 | +0.060% | $65 | — | 5x | as long as short |
| Nado MSTR-PERP | +0.0169% | 1h | 163.24 | −0.048% | $125K | $165K | 3x | as long as short |
| Variational Omni MSTR | +0.0218% | 8h | 163.95 | +0.384% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0228% | 8h | 163.38 | +0.037% | $20.9M | $99.3M | 50x | as long as short |
| Binance MSTRUSDT | +0.0315% | 8h | 163.38 | +0.037% | $84.2M | $619.0M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0400% | 1h | 163.42 | +0.061% | $268K | $417K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0424% | 1h | 163.35 | +0.018% | $53.9M | $37.6M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0435% | 8h | 163.41 | +0.055% | $1.0M | $2.1M | 20x | as long as short |
| Phoenix MSTR | +0.0460% | 1h | 163.65 | +0.200% | $56K | $223K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0570% | 4h | 163.65 | +0.202% | $47K | $5.4M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0674% | 8h | 163.41 | +0.055% | $17.1M | $41.3M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0976% | 1h | 163.33 | +0.006% | $278K | $432K | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.1038% | 8h | 163.62 | +0.186% | $80K | $848K | 10x | as long as short |
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Lighter MSTR
Aevo MSTR-PERP
Aster MSTRUSDT
Coinbase International MSTR-PERP-INTX
Gate MSTR_USDT
Paradex MSTR-USD-PERP
Nado MSTR-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
Binance MSTRUSDT
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Phoenix MSTR
edgeX MSTRUSDC
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
GRVT MSTR_USDT_Perp