MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0341%/8h= −37.4% APRnext payment −$0.43 per $10,000 · paid last 24h +0.070%

Price spread now: RISEx against Injective−3.019%7-day average — · you buy dearer than you sell

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

Long on Injective Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$10 a day on $10k at the current rate, and RISEx is 3.019% cheaper against Injective than usual: you would sell low and buy high (−$302 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MSTR/USDC PERP	169.34	0.0341	pay 0.0043% / 1h	36m 24s	$8K	$26K	30x
Short	RISEx MSTR/USDC	164.23	0	get 0.0000% / 1h	36m 24s	$269K	$436K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Injective. 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 InjectivebpFee RISExbpOrdersPrice spread, now −3.019%Rate

Funding earned: −$71.66
Price spread: −3.019% → 0.000%: −$301.95
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$379.63
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; RISEx: live order book, 32 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 Injective no order-book sample	—	—	—	—	—
Sell RISEx live order book, 32 min ago	1.50 bp	4.5 bp −$4	6.8 bp −$68	doesn't fit	doesn't fit

Injective: 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	−0.0836%	8h	164.51	−2.852%	$27.1M	$116.0M	25x	as long as short
Gate MSTR_USDT	−0.0221%	8h	164.24	−3.012%	$4.6M	$18.9M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.16	−3.061%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.39	−2.923%	$20.8M	$100.9M	50x	as long as short
RISEx MSTR/USDCshort	0.0000%	1h	164.23	−3.019%	$269K	$436K	10x
Variational Omni MSTR	0.0000%	8h	164.35	−2.947%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	164.19	−3.038%	$75K	$810K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.30	−2.976%	$2.8M	$67K	10x	as long as short
BloFin MSTR-USDT	+0.0011%	8h	165.55	−2.238%	$1.1M	$1.9M	20x	as long as short
edgeX MSTRUSDC	+0.0016%	4h	163.85	−3.244%	$48K	$5.5M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MSTRUSDT	+0.0020%	8h	164.28	−2.989%	$87.2M	$626.4M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.15	−3.065%	$591K	$2.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.25	−3.006%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.07	−3.112%	—	$1.8M	25x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.09	−3.100%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.13	−3.077%	$917K	$4.9M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.26	−3.000%	$1.4M	$8.5M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.15	−3.063%	$101K	$86K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.14	−3.071%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.80	−3.272%	$4K	$203K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.12	−3.083%	$3K	$7K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.13	−3.075%	$136	—	10x	as long as short
Polymarket Perps MSTR-USD	+0.0119%	1h	164.23	−3.018%	$381K	$2.7M	10x	as long as short
Lighter MSTR	+0.0128%	1h	164.08	−3.106%	$3.5M	$1.9M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0165%	8h	164.14	−3.071%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.04	−3.130%	$1.4M	$1.1M	10x	as long as short
Injective MSTR/USDC PERPlong	+0.0341%	1h	169.34	long leg	$8K	$26K	30x
tradeXYZ xyz:MSTR	+0.0348%	1h	164.25	−3.006%	$55.3M	$36.3M	10x	as long as short
Phoenix MSTR	+0.0381%	1h	164.13	−3.077%	$55K	$219K	10x	as long as short
Nado MSTR-PERP	+0.0400%	1h	164.26	−2.999%	$111K	$143K	3x	as long as short
Bybit MSTRUSDT	+0.0439%	8h	164.34	−2.953%	$17.2M	$41.3M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0786%	1h	164.22	−3.024%	$279K	$438K	10x	as long as short