Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: QFEX against Vest−0.101%7-day average +0.910% · 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)−0.026%−$3 on $10k
+Price spread, last 3 days (all we have)−0.213%−$21 · spread now −0.101%, 7d avg +0.910%
=Together, before fees−0.239%+ Points / potential airdropVest: Active · farm board−$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 1.011% cheaper against Vest than usual: you would sell low and buy high, −$101 on $10k if it goes back to its 7-day average of +0.910%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 169.09 | 0.0046 | pay 0.0006% / 1h | 25m 18s | — | $2.1M | 25x |
| Short | QFEX MSTR-USD | 168.92 | 0.0049 | get 0.0006% / 1h | 25m 18s | $1.5M | $10.2M | 10x |
Vest MSTR-USD-PERP
QFEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $0.76
- Price spread: −0.101% → +0.910%
- −$101.06
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$112.31
- Costs to cover
- 0.120%
- Break-even
- 1046.9 days
Slippage unknown: Vest: no order-book sample; QFEX: live order book, 4 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 QFEX live order book, 4 min ago | 2.37 bp | 7.4 bp −$7 | 8.8 bp −$88 | 13.0 bp −$1,295 | 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 | −0.0014% | 1h | 168.93 | −0.095% | $139K | $97K | 3x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 168.98 | −0.063% | $1.2M | $6.1M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 168.93 | −0.095% | $4.8M | $19.4M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.01 | −0.050% | $1.2M | $2.4M | — | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.07 | −0.012% | $2.9M | $65K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0001% | 1h | 168.94 | −0.092% | $275K | $441K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0012% | 8h | 168.98 | −0.065% | $22.0M | $106.1M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 168.90 | −0.112% | $3.6M | $2.4M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 168.90 | −0.112% | $583K | $1.8M | 10x | as long as short |
| Vest MSTR-USD-PERPlong | +0.0046% | 1h | 169.09 | long leg | — | $2.1M | 25x |
Nado MSTR-PERP
Aster MSTRUSDT
Gate MSTR_USDT
Variational Omni MSTR
Phemex MSTRUSDT
RISEx MSTR/USDC
OKX MSTR-USDT-SWAP
Lighter MSTR
Extended MSTR_24_5-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSTR_USDT_Perp | +0.0048% | 8h | 169.09 | +0.002% | $77K | $879K | 10x | as long as short |
| Bitget MSTRUSDT | +0.0048% | 8h | 168.96 | −0.077% | $28.7M | $119.9M | 25x | as long as short |
| QFEX MSTR-USDshort | +0.0049% | 1h | 168.92 | −0.101% | $1.5M | $10.2M | 10x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 168.92 | −0.101% | $395K | $2.8M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 168.91 | −0.106% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 168.80 | −0.172% | $779K | $5.2M | 10x | as long as short |
| Binance MSTRUSDT | +0.0063% | 8h | 168.95 | −0.083% | $88.9M | $628.5M | 50x | as long as short |
| BloFin MSTR-USDT | +0.0067% | 8h | 169.10 | +0.006% | $1.1M | $1.9M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0088% | 8h | 168.97 | −0.071% | $15.1M | $40.4M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0096% | 1h | 168.75 | −0.201% | $1.4M | $1.2M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 168.91 | −0.109% | $104K | $87K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 168.91 | −0.106% | $2.5M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 168.94 | −0.089% | $4K | $354K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 168.95 | −0.083% | $3K | $11K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0104% | 1h | 169.21 | +0.071% | $13K | $21K | 30x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 168.98 | −0.066% | $140 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0119% | 8h | 168.95 | −0.082% | $68 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0173% | 1h | 168.96 | −0.077% | $57.0M | $37.2M | 10x | as long as short |
| Phoenix MSTR | +0.0260% | 1h | 169.01 | −0.048% | $57K | $392K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0461% | 1h | 169.00 | −0.053% | $287K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0539% | 4h | 168.98 | −0.063% | $47K | $5.4M | 10x | as long as short |
| Arcus MSTR-USD | +0.0738% | 1h | 169.05 | −0.024% | $27K | $129K | 10x | as long as short |
GRVT MSTR_USDT_Perp
Bitget MSTRUSDT
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Binance MSTRUSDT
BloFin MSTR-USDT
Bybit MSTRUSDT
Coinbase International MSTR-PERP-INTX
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Injective MSTR/USDC PERP
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC
Arcus MSTR-USD