Funding you earn now, next payment 04:00 UTC+0.0557%/8h= +61.0% APRnext payment +$0.70 per $10,000 · paid last 24h +0.197%
Price spread now: Deribit against Vest+0.122%7-day average +0.957% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.527%+$53 on $10k
+Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.122%, 7d avg +0.957%
=Together, before fees+0.334%+ Points / potential airdropVest: Active · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.835% cheaper against Vest than usual: you would sell low and buy high (spread +0.122% now, against its 7-day average of +0.957%). If the spread goes back, that is −$84 on $10k: about 5.0 days of funding at the current rate (+$17 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 164.17 | 0.0046 | pay 0.0006% / 1h | 35m 20s | — | $1.7M | 25x |
| Short | Deribit MSTR_USDC-PERPETUAL | 164.37 | 0.0602 | get 0.0075% / 1h | 35m 20s | $280K | $438K | 10x |
Vest MSTR-USD-PERP
Deribit MSTR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Vest. 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
- $116.92
- Price spread: +0.122% → +0.957%
- −$83.54
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $24.38
- Costs to cover
- 0.090%
- Break-even
- 5.5 days
Slippage unknown: Vest: no order-book sample; Deribit: live order book, 23 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 Deribit live order book, 23 min ago | 6.66 bp | 11.4 bp −$11 | 12.7 bp −$127 | 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 | −0.0906% | 8h | 164.47 | +0.183% | $27.7M | $115.1M | 25x | as long as short |
| Gate MSTR_USDT | −0.0026% | 8h | 164.34 | +0.104% | $4.6M | $18.5M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.29 | +0.076% | $1.8M | $8.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.20 | +0.018% | $2.8M | $72K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0001% | 8h | 164.33 | +0.097% | $20.6M | $99.6M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.22 | +0.030% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.15 | −0.012% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.149% | $8K | $26K | 30x | as long as short |
| RISEx MSTR/USDC | +0.0034% | 1h | 164.37 | +0.119% | $267K | $449K | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.45 | +0.171% | $26K | $109K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
RISEx MSTR/USDC
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERPlong | +0.0046% | 1h | 164.17 | long leg | — | $1.7M | 25x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.27 | +0.061% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.27 | +0.061% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.13 | −0.024% | $865K | $4.1M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 164.36 | +0.116% | $1.4M | $7.5M | 10x | as long as short |
| Variational Omni MSTR | +0.0067% | 8h | 164.09 | −0.051% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.30 | +0.082% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.27 | +0.061% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.22 | +0.030% | $6K | $185K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.29 | +0.073% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.30 | +0.081% | $136 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0128% | 8h | 164.31 | +0.085% | $87.8M | $618.2M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0139% | 8h | 164.21 | +0.026% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0161% | 8h | 164.38 | +0.128% | $78K | $770K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.12 | −0.030% | $1.4M | $1.1M | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.34 | +0.101% | $56K | $226K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0237% | 1h | 164.25 | +0.049% | $54.7M | $36.9M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0250% | 8h | 164.36 | +0.116% | $1.0M | $2.0M | 20x | as long as short |
| Nado MSTR-PERP | +0.0259% | 1h | 164.20 | +0.019% | $121K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0367% | 8h | 164.38 | +0.128% | $17.0M | $40.7M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0443% | 4h | 164.37 | +0.119% | $49K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUALshort | +0.0602% | 1h | 164.37 | +0.122% | $280K | $438K | 10x |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Binance MSTRUSDT
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Nado MSTR-PERP
Bybit MSTRUSDT
edgeX MSTRUSDC