Funding you earn now, next payment 08:00 UTC−0.0493%/8h= −54.0% APRpaid last 24h −0.100%
Price spread now: Phemex against RISEx−0.003%7-day average +0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.359%−$36 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.003%, 7d avg +0.004%
=The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx MSTR/USDC | 163.16 | 0.0493 | pay 0.0062% / 1h | 6m 15s | $268K | $419K | 10x |
| Short | Phemex MSTRUSDT | 163.16 | 0 | get 0.0000% / 4h | 6m 15s | $2.7M | $84K | 10x |
RISEx MSTR/USDC
Phemex MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against RISEx. 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
- −$103.55
- Price spread: −0.003% → +0.004%
- −$0.69
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$122.24
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: RISEx: live order book, 32 min ago; Phemex: 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 RISEx live order book, 32 min ago | 0.61 bp | 3.6 bp −$4 | 5.2 bp −$52 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 3.07 bp | doesn't fit | doesn't fit | 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 | −0.0435% | 8h | 163.31 | +0.089% | $29.5M | $119.2M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.20 | +0.021% | $4.7M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDTshort | 0.0000% | 4h | 163.16 | −0.003% | $2.7M | $84K | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.99 | −0.107% | $589K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.785% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.14 | −0.015% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.91 | −0.156% | — | $1.8M | 25x | as long as short |
| Lighter MSTR | +0.0048% | 1h | 163.09 | −0.046% | $3.5M | $2.0M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.06 | −0.064% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.09 | −0.046% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Lighter MSTR
Polymarket Perps MSTR-USD
SoDEX 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 | 162.97 | −0.120% | $879K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.09 | −0.046% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0074% | 8h | 163.14 | −0.014% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.08 | −0.054% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.06 | −0.064% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.94 | −0.138% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.17 | +0.003% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.17 | +0.005% | $135 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0132% | 8h | 163.01 | −0.093% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 162.62 | −0.334% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0167% | 1h | 163.04 | −0.079% | $125K | $165K | 3x | as long as short |
| Variational Omni MSTR | +0.0197% | 8h | 163.01 | −0.095% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0200% | 8h | 163.16 | −0.003% | $20.8M | $99.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0266% | 8h | 163.09 | −0.048% | $82K | $859K | 10x | as long as short |
| Binance MSTRUSDT | +0.0267% | 8h | 163.16 | −0.001% | $83.9M | $620.4M | 50x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.28 | +0.070% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0388% | 8h | 163.03 | −0.083% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0400% | 8h | 163.09 | −0.046% | $17.1M | $41.7M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0426% | 1h | 163.13 | −0.021% | $53.9M | $37.7M | 10x | as long as short |
| RISEx MSTR/USDClong | +0.0493% | 1h | 163.16 | long leg | $268K | $419K | 10x | |
| edgeX MSTRUSDC | +0.0541% | 4h | 163.03 | −0.084% | $46K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0547% | 1h | 163.17 | +0.003% | $277K | $437K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Aster MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL