Funding you earn now, next payment 09:00 UTC+0.0368%/8h= +40.3% APRnext payment +$0.46 per $10,000 · paid last 24h +0.018%
Price spread now: tradeXYZ against Injective+1.211%74s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and tradeXYZ is 1.211% dearer against Injective than usual: you sell high and buy low: +$121 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 74 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 7 days it paid 0.181% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MSTR/USDC PERP | 162.61 | 0.0033 | pay 0.0004% / 1h | 20m 00s | $7K | $26K | 30x |
| Short | tradeXYZ xyz:MSTR | 164.58 | 0.0402 | get 0.0050% / 1h | 20m 00s | $54.2M | $36.1M | 10x |
Injective MSTR/USDC PERP
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Injective. 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
- $77.32
- Price spread: +1.211% → 0.000%
- $121.15
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $180.45
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago | 0.62 bp | 10.5 bp −$11 | 13.2 bp −$132 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | 0.0000% | 8h | 164.62 | +1.236% | $4.9M | $18.9M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 164.76 | +1.322% | $31.1M | $115.4M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.52 | +1.175% | $2.8M | $86K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.35 | +1.070% | $540K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERPlong | +0.0033% | 1h | 162.61 | long leg | $7K | $26K | 30x | |
| Arcus MSTR-USD | +0.0040% | 1h | 164.49 | +1.156% | $26K | $110K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.58 | +1.211% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.27 | +1.021% | $380K | $2.6M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.32 | +1.052% | $912K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0061% | 1h | 164.43 | +1.119% | $1.3M | $7.0M | 10x | as long as short |
Gate MSTR_USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MSTR | +0.0100% | 1h | 164.37 | +1.079% | $101K | $88K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.51 | +1.168% | $2.4M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.22 | +0.375% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.59 | +1.218% | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.61 | +1.231% | $137 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.26 | −0.215% | $1.4M | $1.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0151% | 8h | 164.54 | +1.188% | $1.8M | $8.7M | 50x | as long as short |
| Lighter MSTR | +0.0176% | 1h | 164.54 | +1.187% | $3.5M | $1.8M | 10x | as long as short |
| Nado MSTR-PERP | +0.0180% | 1h | 164.40 | +1.102% | $126K | $143K | 3x | as long as short |
| Paradex MSTR-USD-PERP | +0.0185% | 8h | 164.50 | +1.161% | $66 | — | 5x | as long as short |
| edgeX MSTRUSDC | +0.0202% | 4h | 163.37 | +0.467% | $46K | $5.4M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0254% | 8h | 164.70 | +1.285% | $21.1M | $94.9M | 50x | as long as short |
| Variational Omni MSTR | +0.0264% | 8h | 164.61 | +1.231% | $1.2M | $2.0M | — | as long as short |
| Binance MSTRUSDT | +0.0347% | 8h | 164.79 | +1.341% | $85.5M | $606.1M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0358% | 1h | 164.51 | +1.168% | $280K | $346K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0400% | 1h | 164.42 | +1.113% | $268K | $390K | 10x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0402% | 1h | 164.58 | +1.211% | $54.2M | $36.1M | 10x | |
| SoDEX MSTR-USD | +0.0439% | 1h | 164.44 | +1.125% | $43K | $3K | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0441% | 8h | 163.59 | +0.603% | $84K | $846K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0459% | 8h | 164.66 | +1.261% | $1.0M | $2.1M | 20x | as long as short |
| Phoenix MSTR | +0.0460% | 1h | 164.03 | +0.873% | $56K | $223K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0559% | 8h | 164.74 | +1.310% | $17.4M | $40.4M | 50x | as long as short |
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDT
Lighter MSTR
Nado MSTR-PERP
Paradex MSTR-USD-PERP
edgeX MSTRUSDC
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Binance MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
RISEx MSTR/USDC
SoDEX MSTR-USD
GRVT MSTR_USDT_Perp
BloFin MSTR-USDT
Phoenix MSTR
Bybit MSTRUSDT