MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.04 per $10,000 · paid last 24h −0.003%

Price spread now: Vest against QFEX+0.036%7-day average −0.365% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.025%+$3 on $10k

Price spread, last 7 days+0.044%+$4 · spread now +0.036%, 7d avg −0.365%

Together, before fees+0.069%+ Points / potential airdropVest: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.402% dearer against QFEX than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.365%): +$40 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 43 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSTR-USD	165.97	0.0076	pay 0.0010% / 1h	56m 16s	$1.3M	$6.8M	10x
Short	Vest MSTR-USD-PERP	166.03	0.0046	get 0.0006% / 1h	56m 16s	—	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee VestbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$6.47
Price spread: +0.036% → −0.365%: $40.16
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: $21.69
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: QFEX: live order book, 8 min ago; Vest: 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 QFEX live order book, 8 min ago	1.20 bp	6.2 bp −$6	7.1 bp −$71	13.5 bp −$1,348	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	166.05	+0.048%	$4.9M	$17.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	165.98	+0.006%	$31.3M	$112.7M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.90	−0.042%	$2.8M	$84K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.90	−0.040%	$539K	$1.8M	10x	as long as short
Vest MSTR-USD-PERPshort	+0.0046%	1h	166.03	+0.036%	—	$1.7M	25x
Polymarket Perps MSTR-USD	+0.0050%	1h	165.90	−0.042%	$384K	$2.5M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.94	−0.018%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.71	−0.157%	$923K	$3.5M	10x	as long as short
QFEX MSTR-USDlong	+0.0076%	1h	165.97	long leg	$1.3M	$6.8M	10x
Pacifica MSTR	+0.0100%	1h	166.04	+0.042%	$102K	$88K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MSTRUSDTM	+0.0100%	8h	166.06	+0.054%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.50	+0.319%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.10	+0.078%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.13	+0.097%	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	165.85	−0.072%	$1.4M	$637K	10x	as long as short
Nado MSTR-PERP	+0.0121%	1h	165.99	+0.009%	$127K	$142K	3x	as long as short
Lighter MSTR	+0.0128%	1h	165.87	−0.060%	$3.5M	$1.7M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0185%	8h	166.06	+0.052%	$66	—	5x	as long as short
Aster MSTRUSDT	+0.0189%	8h	166.06	+0.053%	$1.8M	$8.6M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0277%	8h	165.82	−0.090%	$21.6M	$91.7M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0296%	1h	165.92	−0.030%	$54.9M	$36.2M	10x	as long as short
Variational Omni MSTR	+0.0308%	8h	166.59	+0.376%	$1.2M	$1.8M	—	as long as short
Binance MSTRUSDT	+0.0382%	8h	165.99	+0.009%	$86.6M	$588.2M	50x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	162.61	−2.024%	$7K	$26K	30x	as long as short
Phoenix MSTR	+0.0460%	1h	166.84	+0.527%	$56K	$215K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0474%	1h	165.96	−0.006%	$282K	$276K	10x	as long as short
BloFin MSTR-USDT	+0.0501%	8h	166.52	+0.331%	$1.1M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0557%	8h	165.94	−0.018%	$17.1M	$40.2M	50x	as long as short
RISEx MSTR/USDC	+0.0598%	1h	166.17	+0.118%	$271K	$382K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0669%	8h	166.65	+0.410%	$82K	$844K	10x	as long as short
edgeX MSTRUSDC	+0.0709%	4h	166.62	+0.394%	$49K	$5.4M	10x	as long as short
Arcus MSTR-USD	+0.0942%	1h	166.15	+0.108%	$26K	$102K	10x	as long as short