Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.037%
Price spread now: Gate against Phemex+0.128%7-day average −0.026% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.440%+$44 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.128%, 7d avg −0.026%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.154% dearer against Phemex than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MSTRUSDT | 163.85 | 0 | get 0.0000% / 4h | 2h 06m | $2.8M | $78K | 10x |
| Short | Gate MSTR_USDT | 164.06 | 0 | get 0.0000% / 8h | 2h 06m | $4.7M | $19.8M | 50x |
Phemex MSTRUSDT
Gate MSTR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Phemex. 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
- $0
- Price spread: +0.128% → −0.026%
- $15.41
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$11.59
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 2 min ago; Gate: live order book, 2 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 Phemex live order book, 2 min ago | 0.92 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 2.13 bp | 17.5 bp −$17 | 42.0 bp −$420 | doesn't fit | doesn't fit |
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 | −0.1067% | 8h | 164.25 | +0.244% | $28.3M | $118.9M | 25x | as long as short |
| Gate MSTR_USDTshort | 0.0000% | 8h | 164.06 | +0.128% | $4.7M | $19.8M | 50x | |
| Phemex MSTRUSDTlong | 0.0000% | 4h | 163.85 | long leg | $2.8M | $78K | 10x | |
| edgeX MSTRUSDC | +0.0003% | 4h | 163.78 | −0.044% | $45K | $5.4M | 10x | as long as short |
| Aster MSTRUSDT | +0.0017% | 8h | 163.94 | +0.054% | $1.8M | $8.7M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0030% | 1h | 163.93 | +0.049% | — | $1.8M | 25x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.83 | −0.012% | $511K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.351% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.95 | +0.061% | $26K | $113K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.92 | +0.043% | $379K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
edgeX MSTRUSDC
Aster MSTRUSDT
Vest MSTR-USD-PERP
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.77 | −0.049% | $853K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 163.99 | +0.085% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 164.06 | +0.128% | $264K | $444K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.03 | +0.113% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.95 | +0.061% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.96 | +0.067% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.05 | +0.122% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.04 | +0.116% | $136 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0120% | 8h | 164.15 | +0.183% | $20.8M | $101.2M | 50x | as long as short |
| Lighter MSTR | +0.0128% | 1h | 164.00 | +0.092% | $3.5M | $2.0M | 10x | as long as short |
| Variational Omni MSTR | +0.0144% | 8h | 163.96 | +0.065% | $1.2M | $2.1M | — | as long as short |
| Paradex MSTR-USD-PERP | +0.0145% | 8h | 164.09 | +0.146% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | −1.422% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0219% | 8h | 164.09 | +0.147% | $84.2M | $629.1M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0237% | 8h | 164.02 | +0.102% | $80K | $857K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0247% | 1h | 163.91 | +0.037% | $54.3M | $37.4M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0338% | 8h | 164.04 | +0.116% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0339% | 1h | 163.83 | −0.014% | $131K | $157K | 3x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.88 | +0.018% | $56K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0377% | 8h | 164.17 | +0.195% | $16.8M | $41.9M | 50x | as long as short |
| SoDEX MSTR-USD | +0.0407% | 1h | 164.01 | +0.098% | $43K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1032% | 1h | 164.07 | +0.134% | $279K | $438K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
RISEx MSTR/USDC
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
OKX MSTR-USDT-SWAP
Lighter MSTR
Variational Omni MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Nado MSTR-PERP
Phoenix MSTR
Bybit MSTRUSDT
SoDEX MSTR-USD
Deribit MSTR_USDC-PERPETUAL