Funding you earn now, next payment 05:00 UTC+0.0221%/8h= +24.2% APRpaid last 24h +0.011%
Price spread now: Bybit against Aevo+0.217%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 0.217% dearer against Aevo than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSTR-PERP | 163.69 | 0.0104 | pay 0.0013% / 1h | 21m 41s | $136 | — | 10x |
| Short | Bybit MSTRUSDT | 164.04 | 0.0325 | get 0.0325% / 8h | 3h 21m | $16.6M | $41.1M | 50x |
Aevo MSTR-PERP
Bybit MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Aevo. 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
- $46.43
- Price spread: +0.217% → 0.000%
- $21.65
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $41.08
- Costs to cover
- 0.270%
- Break-even
- 0.8 days
Slippage unknown: Aevo: no order-book sample; Bybit: 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 0.61 bp | 9.8 bp −$10 | 13.2 bp −$132 | 116.6 bp −$11.7K | doesn't fit |
Aevo: 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 | −0.0948% | 8h | 164.17 | +0.296% | $27.3M | $116.3M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.96 | +0.166% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.04 | +0.217% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.73 | +0.027% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.93 | +0.149% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.88 | +0.116% | $588K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.454% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.95 | +0.162% | $26K | $110K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0045% | 8h | 164.02 | +0.204% | $20.7M | $99.0M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.51 | −0.107% | — | $1.7M | 25x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
OKX MSTR-USDT-SWAP
Vest MSTR-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.63 | −0.034% | $379K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.72 | +0.021% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.54 | −0.089% | $846K | $3.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0065% | 8h | 163.98 | +0.181% | $66 | — | 5x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.65 | −0.022% | $1.4M | $7.3M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.93 | +0.146% | $100K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.85 | +0.100% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.88 | +0.119% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.67 | −0.010% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERPlong | +0.0104% | 1h | 163.69 | long leg | $136 | — | 10x | |
| Variational Omni MSTR | +0.0106% | 8h | 163.95 | +0.164% | $1.2M | $2.1M | — | as long as short |
| Binance MSTRUSDT | +0.0165% | 8h | 163.98 | +0.181% | $86.6M | $617.5M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.88 | +0.119% | $1.4M | $1.1M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0171% | 8h | 164.00 | +0.192% | $75K | $825K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.03 | +0.210% | $266K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0258% | 1h | 163.54 | −0.086% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0260% | 1h | 163.96 | +0.168% | $54.6M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0288% | 8h | 163.84 | +0.094% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDTshort | +0.0325% | 8h | 164.04 | +0.217% | $16.6M | $41.1M | 50x | |
| Phoenix MSTR | +0.0340% | 1h | 163.95 | +0.163% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0606% | 1h | 163.72 | +0.021% | $278K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0656% | 4h | 163.98 | +0.182% | $49K | $5.3M | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Paradex MSTR-USD-PERP
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
GRVT MSTR_USDT_Perp
RISEx MSTR/USDC
Nado MSTR-PERP
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC