Funding you earn now, next payment 07:00 UTC−0.0047%/8h= −5.2% APRnext payment −$0.06 per $10,000 · paid last 24h −0.014%
Price spread now: QFEX against Aevo−0.018%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSTR-PERP | 163.72 | 0.0104 | pay 0.0013% / 1h | 14m 54s | $136 | — | 10x |
| Short | QFEX MSTR-USD | 163.69 | 0.0057 | get 0.0007% / 1h | 14m 54s | $1.3M | $7.2M | 10x |
Aevo MSTR-PERP
QFEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$9.93
- Price spread: −0.018% → 0.000%
- −$1.77
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$37.7
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Aevo: 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 Aevo no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 4 min ago | 1.22 bp | 6.2 bp −$6 | 8.5 bp −$85 | 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 | −0.0743% | 8h | 163.77 | +0.031% | $29.2M | $118.9M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.75 | +0.019% | $4.7M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.77 | +0.031% | $2.8M | $79K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.51 | −0.128% | $511K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.433% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.78 | +0.037% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.70 | −0.012% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.64 | −0.048% | $379K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.56 | −0.097% | $850K | $3.9M | 10x | as long as short |
| Aster MSTRUSDT | +0.0053% | 8h | 163.56 | −0.096% | $1.8M | $8.7M | 50x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
Aster MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USDshort | +0.0057% | 1h | 163.69 | −0.018% | $1.3M | $7.2M | 10x | |
| Pacifica MSTR | +0.0100% | 1h | 163.67 | −0.029% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.62 | −0.060% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.74 | +0.013% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.72 | +0.001% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERPlong | +0.0104% | 1h | 163.72 | long leg | $136 | — | 10x | |
| SoDEX MSTR-USD | +0.0108% | 1h | 163.69 | −0.018% | $43K | $3K | 10x | as long as short |
| Lighter MSTR | +0.0120% | 1h | 163.66 | −0.036% | $3.5M | $2.0M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0152% | 1h | 161.52 | −1.343% | $1.4M | $1.1M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0165% | 8h | 163.67 | −0.030% | $20.8M | $100.5M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0166% | 8h | 163.68 | −0.022% | $65 | — | 5x | as long as short |
| Variational Omni MSTR | +0.0175% | 8h | 163.69 | −0.020% | $1.2M | $2.1M | — | as long as short |
| tradeXYZ xyz:MSTR | +0.0245% | 1h | 163.64 | −0.048% | $54.2M | $37.2M | 10x | as long as short |
| Binance MSTRUSDT | +0.0250% | 8h | 163.66 | −0.033% | $84.1M | $626.9M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0267% | 8h | 163.79 | +0.046% | $84K | $878K | 10x | as long as short |
| Phoenix MSTR | +0.0328% | 1h | 163.73 | +0.005% | $56K | $223K | 10x | as long as short |
| Nado MSTR-PERP | +0.0361% | 1h | 163.66 | −0.039% | $131K | $157K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0370% | 8h | 163.77 | +0.031% | $1.0M | $2.1M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0381% | 1h | 163.74 | +0.013% | $265K | $428K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0387% | 8h | 163.69 | −0.018% | $17.1M | $41.9M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0422% | 1h | 163.72 | +0.001% | $278K | $437K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0874% | 4h | 163.79 | +0.044% | $46K | $5.4M | 10x | as long as short |
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
SoDEX MSTR-USD
Lighter MSTR
Coinbase International MSTR-PERP-INTX
OKX MSTR-USDT-SWAP
Paradex MSTR-USD-PERP
Variational Omni MSTR
tradeXYZ xyz:MSTR
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Phoenix MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
RISEx MSTR/USDC
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC