MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0236%/8h= +25.8% APRnext payment +$0.29 per $10,000 · paid last 24h +0.053%

Price spread now: Phoenix against Aevo+0.043%54s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Phoenix

What this pair did over the last

the charts below follow

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 Phoenix is 0.043% dearer against Aevo than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSTR-PERP	164.46	0.0104	pay 0.0013% / 1h	45m 30s	$137	—	10x
Short	Phoenix MSTR	164.53	0.0340	get 0.0042% / 1h	45m 30s	$56K	$226K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee PhoenixbpOrdersPrice spread, now +0.043%Rate

Funding earned: $49.54
Price spread: +0.043% → 0.000%: $4.34
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $30.88
Costs to cover: 0.230%
Break-even: 2.6 days

Slippage unknown: Aevo: no order-book sample; Phoenix: 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 Aevo no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 4 min ago	3.65 bp	11.4 bp −$11	23.7 bp −$237	doesn't fit	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	−0.0881%	8h	164.51	+0.030%	$27.8M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.44	−0.010%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.39	−0.043%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.49	+0.018%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.15	−0.189%	$593K	$1.9M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0033%	8h	164.35	−0.067%	$20.7M	$99.5M	50x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.967%	$8K	$26K	30x	as long as short
edgeX MSTRUSDC	+0.0038%	4h	164.50	+0.022%	$49K	$5.3M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.52	+0.036%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.25	−0.128%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.30	−0.098%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.45	−0.006%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.27	−0.116%	$855K	$4.0M	10x	as long as short
Lighter MSTR	+0.0056%	1h	164.35	−0.067%	$3.5M	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.34	−0.073%	$1.4M	$7.3M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.31	−0.090%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.36	−0.061%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.39	−0.043%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.46	0.000%	$4K	$8K	10x	as long as short
Variational Omni MSTR	+0.0101%	8h	164.45	−0.009%	$1.2M	$2.1M	—	as long as short
Aevo MSTR-PERPlong	+0.0104%	1h	164.46	long leg	$137	—	10x
Paradex MSTR-USD-PERP	+0.0138%	8h	164.29	−0.105%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0161%	8h	164.37	−0.055%	$86.8M	$615.8M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.46	0.000%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0172%	8h	164.40	−0.037%	$75K	$803K	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.37	−0.058%	$267K	$445K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0245%	1h	164.33	−0.079%	$54.7M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0251%	1h	164.26	−0.124%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0282%	8h	164.38	−0.049%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0336%	8h	164.37	−0.055%	$16.8M	$40.8M	50x	as long as short
Phoenix MSTRshort	+0.0340%	1h	164.53	+0.043%	$56K	$226K	10x
Deribit MSTR_USDC-PERPETUAL	+0.0845%	1h	164.51	+0.030%	$280K	$438K	10x	as long as short