MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0197%/8h= −21.6% APRnext payment −$0.25 per $10,000 · paid last 24h −0.057%

Price spread now: Injective against RISEx+3.244%7-day average — · you sell dearer than you buy

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

Long on RISEx Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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. Injective is 3.244% dearer against RISEx than usual: you sell high and buy low (spread +3.244% now, against zero (this spread has no 7-day history yet)): +$324 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 55 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	164.02	0.0231	pay 0.0029% / 1h	14m 40s	$266K	$445K	10x
Short	Injective MSTR/USDC PERP	169.34	0.0033	get 0.0004% / 1h	14m 40s	$8K	$26K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 RISExbpFee InjectivebpOrdersPrice spread, now +3.244%Rate

Funding earned: −$41.46
Price spread: +3.244% → 0.000%: $324.35
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $276.87
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: RISEx: live order book, 39 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 RISEx live order book, 39 min ago	2.73 bp	5.7 bp −$6	6.6 bp −$66	doesn't fit	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	−0.0944%	8h	164.07	+0.030%	$27.2M	$116.5M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.95	−0.044%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.03	+0.006%	$4.6M	$19.2M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.08	+0.037%	$2.8M	$77K	10x	as long as short
Lighter MSTR	+0.0032%	1h	163.86	−0.098%	$3.5M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.86	−0.098%	$601K	$1.9M	10x	as long as short
Injective MSTR/USDC PERPshort	+0.0033%	1h	169.34	+3.244%	$8K	$26K	30x
Arcus MSTR-USD	+0.0040%	1h	164.08	+0.037%	$26K	$110K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0046%	8h	163.89	−0.079%	$20.7M	$99.0M	50x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.83	−0.116%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	163.96	−0.037%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.93	−0.055%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.76	−0.159%	$849K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	163.98	−0.024%	$1.4M	$7.3M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0069%	8h	163.85	−0.105%	$66	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	163.92	−0.062%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.86	−0.098%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.00	−0.012%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.98	−0.024%	$4K	$8K	10x	as long as short
Variational Omni MSTR	+0.0100%	8h	163.92	−0.063%	$1.2M	$2.1M	—	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.95	−0.040%	$136	—	10x	as long as short
Binance MSTRUSDT	+0.0161%	8h	163.88	−0.085%	$86.0M	$618.9M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0166%	8h	164.12	+0.063%	$76K	$826K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.84	−0.110%	$1.4M	$1.1M	10x	as long as short
RISEx MSTR/USDClong	+0.0231%	1h	164.02	long leg	$266K	$445K	10x
Nado MSTR-PERP	+0.0248%	1h	163.85	−0.102%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0256%	1h	163.90	−0.073%	$54.6M	$37.1M	10x	as long as short
BloFin MSTR-USDT	+0.0283%	8h	163.94	−0.049%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0318%	8h	163.91	−0.067%	$16.6M	$41.1M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.09	+0.045%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0666%	1h	163.98	−0.024%	$279K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0956%	4h	164.10	+0.048%	$48K	$5.4M	10x	as long as short