Funding you earn now, next payment 08:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.004%
Price spread now: Injective against OKX+3.654%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 3.654% dearer against OKX than usual: you sell high and buy low (spread +3.654% now, against zero (this spread has no 7-day history yet)): +$365 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 7 days (−0.083% in total) that is about 10 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MSTR-USDT-SWAP | 163.37 | 0.0202 | pay 0.0202% / 8h | 5m 09s | $20.8M | $99.9M | 50x |
| Short | Injective MSTR/USDC PERP | 169.34 | 0.0033 | get 0.0004% / 1h | 5m 09s | $8K | $26K | 30x |
OKX MSTR-USDT-SWAP
Injective MSTR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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
- −$35.32
- Price spread: +3.654% → 0.000%
- $365.43
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $320.08
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 4 min ago; Injective: no order-book sample. 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 OKX live order book, 4 min ago | 0.31 bp | 6.0 bp −$6 | 11.7 bp −$117 | 70.7 bp −$7,075 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | −0.0430% | 8h | 163.41 | +0.024% | $29.5M | $119.2M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.32 | −0.031% | $4.7M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.30 | −0.043% | $2.7M | $84K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.09 | −0.171% | $589K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERPshort | +0.0033% | 1h | 169.34 | +3.654% | $8K | $26K | 30x | |
| edgeX MSTRUSDC | +0.0036% | 4h | 163.01 | −0.221% | $46K | $5.4M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.18 | −0.116% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.03 | −0.208% | — | $1.8M | 25x | as long as short |
| Lighter MSTR | +0.0048% | 1h | 163.21 | −0.098% | $3.5M | $2.0M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.19 | −0.110% | $377K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
edgeX MSTRUSDC
Arcus MSTR-USD
Vest MSTR-USD-PERP
Lighter MSTR
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USD | +0.0050% | 1h | 163.19 | −0.110% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.04 | −0.202% | $879K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.22 | −0.092% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0073% | 8h | 163.24 | −0.082% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.21 | −0.098% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.10 | −0.165% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.90 | −0.288% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.21 | −0.098% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.21 | −0.096% | $135 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0132% | 8h | 163.13 | −0.148% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 162.62 | −0.459% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0165% | 1h | 163.05 | −0.196% | $125K | $165K | 3x | as long as short |
| Variational Omni MSTR | +0.0196% | 8h | 163.14 | −0.139% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAPlong | +0.0202% | 8h | 163.37 | long leg | $20.8M | $99.9M | 50x | |
| GRVT MSTR_USDT_Perp | +0.0263% | 8h | 163.05 | −0.196% | $82K | $859K | 10x | as long as short |
| Binance MSTRUSDT | +0.0267% | 8h | 163.32 | −0.033% | $84.0M | $620.4M | 50x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.28 | −0.056% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0387% | 8h | 163.22 | −0.092% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0399% | 8h | 163.34 | −0.018% | $17.1M | $41.7M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0425% | 1h | 163.27 | −0.061% | $53.9M | $37.7M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.21 | −0.099% | $268K | $419K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1038% | 1h | 163.25 | −0.073% | $278K | $437K | 10x | as long as short |
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Aster MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL