MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.15 per $10,000 · paid last 24h +0.013%

Price spread now: Coinbase International against Vest+0.116%7-day average +0.824% · you sell dearer than you buy

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

Long on Vest Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.120%+$12 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.116%, 7d avg +0.824%

Together, before fees−0.044%+ Points / potential airdropVest: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.707% cheaper against Vest than usual: you would sell low and buy high (spread +0.116% now, against its 7-day average of +0.824%). If the spread goes back, that is −$71 on $10k: about 19 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSTR-USD-PERP	163.21	0.0046	pay 0.0006% / 1h	44m 17s	—	$1.7M	25x
Short	Coinbase International MSTR-PERP-INTX	163.40	0.0168	get 0.0021% / 1h	44m 17s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Vest. 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 VestbpFee Coinbase InternationalbpOrdersPrice spread, now +0.116%Rate

Funding earned: $25.69
Price spread: +0.116% → +0.824%: −$70.75
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$57.06
Costs to cover: 0.120%
Break-even: 22.5 days

Slippage unknown: Vest: no order-book sample; Coinbase International: live order book, 4 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 Vest no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	3.97 bp	9.0 bp −$9	15.2 bp −$152	doesn't fit	doesn't fit

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
Bitget MSTRUSDT	−0.0968%	8h	163.69	+0.294%	$27.1M	$117.2M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.53	+0.194%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.62	+0.251%	$4.6M	$19.2M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.86	+0.398%	$2.8M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.31	+0.058%	$596K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.756%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.71	+0.306%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERPlong	+0.0046%	1h	163.21	long leg	—	$1.7M	25x
Polymarket Perps MSTR-USD	+0.0050%	1h	163.49	+0.172%	$377K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.49	+0.172%	$43K	$3K	10x	as long as short

Show 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	163.35	+0.086%	$829K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	163.54	+0.202%	$1.4M	$7.2M	10x	as long as short
edgeX MSTRUSDC	+0.0054%	4h	163.77	+0.343%	$49K	$5.4M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0078%	8h	163.54	+0.202%	$20.8M	$99.7M	50x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	163.58	+0.225%	$265K	$446K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	163.56	+0.215%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.47	+0.159%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.54	+0.202%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.53	+0.196%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.53	+0.198%	$136	—	10x	as long as short
Variational Omni MSTR	+0.0108%	8h	163.54	+0.200%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0123%	8h	163.51	+0.182%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTXshort	+0.0168%	1h	163.40	+0.116%	$1.4M	$1.1M	10x
GRVT MSTR_USDT_Perp	+0.0174%	8h	163.74	+0.326%	$79K	$838K	10x	as long as short
Binance MSTRUSDT	+0.0178%	8h	163.52	+0.190%	$85.7M	$619.7M	50x	as long as short
Lighter MSTR	+0.0208%	1h	163.50	+0.178%	$3.5M	$1.9M	10x	as long as short
BloFin MSTR-USDT	+0.0297%	8h	163.56	+0.214%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0345%	8h	163.60	+0.239%	$16.7M	$41.2M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0350%	1h	163.48	+0.165%	$54.4M	$37.1M	10x	as long as short
Nado MSTR-PERP	+0.0355%	1h	163.39	+0.112%	$121K	$148K	3x	as long as short
Phoenix MSTR	+0.0362%	1h	163.80	+0.361%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0913%	1h	163.54	+0.202%	$278K	$438K	10x	as long as short