Funding you earn now, next payment 03:00 UTC−0.0028%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against QFEX−0.133%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 4 days (all we have)+0.140%+$14 on $10k
+Price spread, last 7 days+0.113%+$11 · spread now −0.133%, 7d avg −0.041%
=Together, before fees+0.253%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.092% cheaper against QFEX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.041%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.140%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MSTR-USD | 164.98 | 0.0060 | pay 0.0007% / 1h | 26m 47s | $1.4M | $7.6M | 10x |
| Short | Extended MSTR_24_5-USD | 164.76 | 0.0032 | get 0.0004% / 1h | 26m 47s | $595K | $1.9M | 10x |
QFEX MSTR-USD
Extended MSTR_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against QFEX. 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
- −$5.78
- Price spread: −0.133% → −0.041%
- −$9.23
- Slippage, 4 orders
- −$12.34
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$42.35
- Costs to cover
- 0.273%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 7 min ago; Extended: live order book, 2 min ago.
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 QFEX live order book, 7 min ago | 1.52 bp | 6.5 bp −$7 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 2.12 bp | 8.9 bp −$9 | 26.4 bp −$264 | 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 | −0.1164% | 8h | 165.08 | +0.061% | $27.8M | $114.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.91 | −0.045% | $1.9M | $8.5M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 165.00 | +0.012% | $20.7M | $99.9M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 165.07 | +0.055% | $4.6M | $18.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 165.03 | +0.030% | $2.8M | $71K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.86 | −0.073% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USDshort | +0.0032% | 1h | 164.76 | −0.133% | $595K | $1.9M | 10x | |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.643% | $8K | $26K | 30x | as long as short |
| Variational Omni MSTR | +0.0034% | 8h | 165.14 | +0.098% | $1.2M | $2.1M | — | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 165.08 | +0.061% | $27K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Injective MSTR/USDC PERP
Variational Omni MSTR
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 165.07 | +0.055% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.93 | −0.030% | $384K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.78 | −0.121% | $862K | $4.2M | 10x | as long as short |
| QFEX MSTR-USDlong | +0.0060% | 1h | 164.98 | long leg | $1.4M | $7.6M | 10x | |
| tradeXYZ xyz:MSTR | +0.0064% | 1h | 164.80 | −0.109% | $54.9M | $36.8M | 10x | as long as short |
| Binance MSTRUSDT | +0.0099% | 8h | 164.97 | −0.007% | $88.4M | $618.1M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.89 | −0.053% | $101K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.87 | −0.067% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 165.15 | +0.103% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.95 | −0.018% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.92 | −0.034% | $137 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0139% | 8h | 164.92 | −0.037% | $66 | — | 5x | as long as short |
| SoDEX MSTR-USD | +0.0153% | 1h | 164.92 | −0.036% | $43K | $3K | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0167% | 8h | 165.20 | +0.133% | $77K | $763K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.539% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0217% | 1h | 164.90 | −0.046% | $122K | $150K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0221% | 8h | 165.00 | +0.012% | $1.0M | $2.0M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 165.02 | +0.026% | $270K | $447K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0296% | 1h | 164.98 | 0.000% | $281K | $438K | 10x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 165.09 | +0.067% | $56K | $227K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0339% | 8h | 164.99 | +0.006% | $17.2M | $40.7M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0473% | 4h | 165.16 | +0.110% | $50K | $5.4M | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
tradeXYZ xyz:MSTR
Binance MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
SoDEX MSTR-USD
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
BloFin MSTR-USDT
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL
Phoenix MSTR
Bybit MSTRUSDT
edgeX MSTRUSDC