Funding you earn now, next payment 10:00 UTC+0.0566%/8h= +62.0% APRnext payment +$0.71 per $10,000 · paid last 24h +0.085%
Price spread now: RISEx against Extended+0.069%57s7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$220.223% of the position
Funding, last 4 days (all we have)+0.206%+$21 on $10k
+Price spread, last 4 days (all we have)+0.175%+$17 · spread now +0.069%, 7d avg +0.103%
=Together, before fees+0.381%+ Points / potential airdropExtended: Active · farm board+$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.034% cheaper against Extended than usual: you would sell low and buy high (spread +0.069% now, against its 7-day average of +0.103%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$17 a day). At the pace of the last 4 days (+0.206% in total) that is about 15 hours. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.206% in total (about 19.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.71 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MSTR_24_5-USD | 165.88 | 0.0032 | pay 0.0004% / 1h | 9m 37s | $511K | $1.8M | 10x |
| Short | RISEx MSTR/USDC | 165.99 | 0.0598 | get 0.0075% / 1h | 9m 37s | $274K | $353K | 10x |
Extended MSTR_24_5-USD
RISEx MSTR/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Extended. 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
- $118.82
- Price spread: +0.069% → +0.103%
- −$3.36
- Slippage, 4 orders
- −$11.26
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $93.2
- Costs to cover
- 0.223%
- Break-even
- 1.5 days
Slippage from Extended: live order book, 2 min ago; RISEx: live order book, 41 min ago.
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 Extended live order book, 2 min ago | 2.71 bp | 5.8 bp −$6 | 21.3 bp −$213 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 41 min ago | 2.42 bp | 5.4 bp −$5 | 6.2 bp −$62 | doesn't fit | doesn't fit |
MSTR on 32 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | 0.0000% | 8h | 166.09 | +0.129% | $4.9M | $18.5M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 166.09 | +0.129% | $32.0M | $106.6M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 166.09 | +0.129% | $2.8M | $85K | 10x | as long as short |
| Extended MSTR_24_5-USDlong | +0.0032% | 1h | 165.88 | long leg | $511K | $1.8M | 10x | |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 166.10 | +0.136% | — | $1.7M | 25x | as long as short |
| Lighter MSTR | +0.0048% | 1h | 166.01 | +0.081% | $3.5M | $1.8M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 165.90 | +0.015% | $383K | $2.3M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 165.99 | +0.069% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 165.86 | −0.009% | $881K | $3.3M | 10x | as long as short |
| QFEX MSTR-USD | +0.0076% | 1h | 165.98 | +0.063% | $1.3M | $6.2M | 10x | as long as short |
Gate MSTR_USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Vest MSTR-USD-PERP
Lighter MSTR
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USDShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MSTR | +0.0100% | 1h | 165.92 | +0.029% | $101K | $74K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 166.00 | +0.075% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 165.85 | −0.015% | $6K | $157K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 166.00 | +0.075% | $3K | $10K | 10x | as long as short |
| Nado MSTR-PERP | +0.0101% | 1h | 165.93 | +0.033% | $127K | $133K | 3x | as long as short |
| Paradex MSTR-USD-PERP | +0.0104% | 8h | 166.00 | +0.078% | $66 | — | 5x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 166.03 | +0.091% | $138 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0112% | 1h | 165.78 | −0.057% | $1.4M | $393K | 10x | as long as short |
| Aster MSTRUSDT | +0.0213% | 8h | 166.03 | +0.092% | $1.8M | $7.0M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0274% | 1h | 166.02 | +0.087% | $54.8M | $34.3M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0275% | 8h | 166.08 | +0.123% | $21.6M | $85.2M | 50x | as long as short |
| Bybit MSTRUSDT | +0.0276% | 8h | 166.12 | +0.148% | $17.1M | $38.5M | 50x | as long as short |
| Variational Omni MSTR | +0.0305% | 8h | 165.95 | +0.044% | $1.2M | $1.7M | — | as long as short |
| edgeX MSTRUSDC | +0.0338% | 4h | 166.00 | +0.078% | $49K | $5.0M | 10x | as long as short |
| Phoenix MSTR | +0.0355% | 1h | 165.98 | +0.064% | $55K | $217K | 10x | as long as short |
| Binance MSTRUSDT | +0.0395% | 8h | 166.05 | +0.107% | $86.9M | $545.9M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.0440% | 1h | 165.22 | −0.395% | $7K | $28K | 30x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0466% | 8h | 166.03 | +0.093% | $80K | $843K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0514% | 8h | 165.96 | +0.051% | $1.1M | $1.9M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0533% | 1h | 166.06 | +0.111% | $282K | $209K | 10x | as long as short |
| RISEx MSTR/USDCshort | +0.0598% | 1h | 165.99 | +0.069% | $274K | $353K | 10x | |
| Arcus MSTR-USD | +0.0942% | 1h | 166.08 | +0.123% | $26K | $71K | 10x | as long as short |
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Nado MSTR-PERP
Paradex MSTR-USD-PERP
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDT
tradeXYZ xyz:MSTR
OKX MSTR-USDT-SWAP
Bybit MSTRUSDT
Variational Omni MSTR
edgeX MSTRUSDC
Phoenix MSTR
Binance MSTRUSDT
Injective MSTR/USDC PERP
GRVT MSTR_USDT_Perp
BloFin MSTR-USDT
Deribit MSTR_USDC-PERPETUAL
Arcus MSTR-USD