Funding you earn now, next payment 09:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.023%
Price spread now: Gate against Vest+0.055%7-day average +0.425% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.221%+$22 on $10k
+Price spread, last 7 days−0.050%−$5 · spread now +0.055%, 7d avg +0.425%
=Together, before fees+0.172%+ Points / potential airdropVest: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.370% cheaper against Vest than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of +0.425%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.221%, 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 | 163.86 | 0.0046 | pay 0.0006% / 1h | 57m 23s | — | $1.8M | 25x |
| Short | Gate MSTR_USDT | 163.95 | 0 | get 0.0000% / 8h | 7h 57m | $4.7M | $18.3M | 50x |
Vest MSTR-USD-PERP
Gate MSTR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$9.59
- Price spread: +0.055% → +0.425%
- −$36.96
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$63.55
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Gate: 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 Gate live order book, 1 min ago | 2.13 bp | 16.0 bp −$16 | 54.8 bp −$548 | 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 | −0.0356% | 8h | 164.04 | +0.110% | $29.8M | $118.9M | 25x | as long as short |
| Gate MSTR_USDTshort | 0.0000% | 8h | 163.95 | +0.055% | $4.7M | $18.3M | 50x | |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.88 | +0.012% | $2.8M | $85K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.86 | 0.000% | $3.5M | $1.7M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.78 | −0.048% | $592K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.344% | $8K | $25K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.98 | +0.073% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERPlong | +0.0046% | 1h | 163.86 | long leg | — | $1.8M | 25x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.81 | −0.031% | $379K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.96 | −0.549% | $895K | $3.7M | 10x | as long as short |
Bitget MSTRUSDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Polymarket Perps 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 | 163.99 | +0.079% | $1.4M | $7.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0067% | 1h | 163.81 | −0.032% | $125K | $165K | 3x | as long as short |
| Aster MSTRUSDT | +0.0084% | 8h | 163.85 | −0.008% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.92 | +0.038% | $101K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.76 | −0.061% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.45 | −0.250% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.93 | +0.043% | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.89 | +0.018% | $136 | — | 10x | as long as short |
| Bybit MSTRUSDT | +0.0105% | 8h | 163.96 | +0.061% | $17.2M | $41.5M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.62 | −0.757% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0129% | 8h | 163.91 | +0.029% | $66 | — | 5x | as long as short |
| Variational Omni MSTR | +0.0202% | 8h | 163.25 | −0.370% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0210% | 8h | 163.94 | +0.049% | $20.9M | $99.9M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0251% | 1h | 163.93 | +0.043% | $54.2M | $37.7M | 10x | as long as short |
| Binance MSTRUSDT | +0.0278% | 8h | 163.98 | +0.075% | $84.4M | $620.2M | 50x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.79 | −0.045% | $56K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0398% | 8h | 163.94 | +0.049% | $1.0M | $2.1M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0400% | 1h | 163.97 | +0.065% | $269K | $417K | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0485% | 8h | 163.68 | −0.110% | $80K | $858K | 10x | as long as short |
| SoDEX MSTR-USD | +0.0552% | 1h | 163.90 | +0.024% | $43K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0604% | 1h | 163.98 | +0.073% | $279K | $437K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0936% | 4h | 163.43 | −0.261% | $47K | $5.3M | 10x | as long as short |
QFEX MSTR-USD
Nado MSTR-PERP
Aster MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Bybit MSTRUSDT
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
tradeXYZ xyz:MSTR
Binance MSTRUSDT
Phoenix MSTR
BloFin MSTR-USDT
RISEx MSTR/USDC
GRVT MSTR_USDT_Perp
SoDEX MSTR-USD
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC