Funding you earn now, next payment 02:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.013%
Price spread now: QFEX against Orderly+0.128%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread pays, funding is against you. QFEX is 0.128% dearer against Orderly than usual: you sell high and buy low (spread +0.128% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MSTR_USDC_mythos | 163.60 | 0.0100 | pay 0.0100% / 8h | 6h 39m | $3K | $7K | 10x |
| Short | QFEX MSTR-USD | 163.81 | 0.0064 | get 0.0008% / 1h | 39m 53s | $1.4M | $8.5M | 10x |
Orderly PERP_MSTR_USDC_mythos
QFEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Orderly. 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
- −$7.48
- Price spread: +0.128% → 0.000%
- $12.84
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$10.64
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 4 min ago | 1.82 bp | 6.8 bp −$7 | 7.6 bp −$76 | 15.0 bp −$1,502 | doesn't fit |
Orderly: 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 | −0.0661% | 8h | 163.88 | +0.171% | $26.9M | $116.0M | 25x | as long as short |
| Gate MSTR_USDT | −0.0304% | 8h | 163.70 | +0.061% | $4.6M | $18.9M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.76 | +0.100% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 163.80 | +0.122% | $20.8M | $100.7M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 163.83 | +0.138% | $268K | $436K | 10x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 164.35 | +0.458% | $1.2M | $2.1M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 164.86 | +0.770% | $76K | $810K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.44 | +0.513% | $2.8M | $67K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0011% | 8h | 165.55 | +1.192% | $1.1M | $1.9M | 20x | as long as short |
| Binance MSTRUSDT | +0.0011% | 8h | 163.75 | +0.092% | $86.6M | $626.4M | 50x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDT
Binance MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.53 | −0.040% | $566K | $1.9M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.69 | +0.666% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.58 | −0.012% | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.90 | +0.183% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.69 | +0.055% | $884K | $4.8M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0056% | 4h | 165.04 | +0.879% | $47K | $5.4M | 10x | as long as short |
| QFEX MSTR-USDshort | +0.0064% | 1h | 163.81 | +0.128% | $1.4M | $8.5M | 10x | |
| Pacifica MSTR | +0.0100% | 1h | 163.95 | +0.214% | $102K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.67 | +0.043% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.64 | +0.636% | $4K | $204K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythoslong | +0.0100% | 8h | 163.60 | long leg | $3K | $7K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.67 | +0.045% | $136 | — | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0119% | 1h | 163.65 | +0.031% | $382K | $2.7M | 10x | as long as short |
| Lighter MSTR | +0.0152% | 1h | 163.74 | +0.086% | $3.5M | $1.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0162% | 8h | 163.75 | +0.093% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.67 | +0.654% | $1.4M | $1.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +3.509% | $8K | $26K | 30x | as long as short |
| tradeXYZ xyz:MSTR | +0.0366% | 1h | 163.76 | +0.098% | $55.2M | $36.6M | 10x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.58 | +0.600% | $55K | $219K | 10x | as long as short |
| Nado MSTR-PERP | +0.0411% | 1h | 163.39 | −0.127% | $110K | $142K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0421% | 8h | 163.87 | +0.165% | $17.1M | $41.2M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1278% | 1h | 163.84 | +0.147% | $279K | $438K | 10x | as long as short |
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
edgeX MSTRUSDC
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aevo MSTR-PERP
Polymarket Perps MSTR-USD
Lighter MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Injective MSTR/USDC PERP
tradeXYZ xyz:MSTR
Phoenix MSTR
Nado MSTR-PERP
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL