Funding you earn now, next payment 09:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%
Price spread now: Orderly against Vest+0.135%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.135% dearer against Vest than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 162.81 | 0.0046 | pay 0.0006% / 1h | 36m 04s | — | $1.8M | 25x |
| Short | Orderly PERP_MSTR_USDC_mythos | 163.03 | 0.0100 | get 0.0100% / 8h | 7h 36m | $3K | $13K | 10x |
Vest MSTR-USD-PERP
Orderly PERP_MSTR_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $11.41
- Price spread: +0.135% → 0.000%
- $13.51
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $16.92
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Orderly: 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 Vest no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Vest and Orderly: 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 | −0.0087% | 8h | 163.10 | +0.178% | $30.4M | $118.2M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.10 | +0.178% | $4.7M | $18.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.07 | +0.160% | $2.7M | $86K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.84 | +0.018% | $593K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +4.011% | $8K | $25K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.07 | +0.160% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERPlong | +0.0046% | 1h | 162.81 | long leg | — | $1.8M | 25x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.92 | +0.068% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 162.99 | +0.111% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.87 | +0.037% | $902K | $3.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0061% | 1h | 162.94 | +0.080% | $1.3M | $7.0M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 162.91 | +0.063% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 162.97 | +0.098% | $2.3M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.88 | +0.043% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythosshort | +0.0100% | 8h | 163.03 | +0.135% | $3K | $13K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.03 | +0.133% | $135 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.62 | −0.117% | $1.4M | $1.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0129% | 8h | 163.02 | +0.130% | $1.8M | $8.7M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0179% | 8h | 162.93 | +0.075% | $65 | — | 5x | as long as short |
| Lighter MSTR | +0.0192% | 1h | 163.01 | +0.123% | $3.5M | $1.7M | 10x | as long as short |
| Nado MSTR-PERP | +0.0195% | 1h | 162.79 | −0.010% | $125K | $165K | 3x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0236% | 8h | 163.03 | +0.135% | $20.9M | $98.6M | 50x | as long as short |
| Variational Omni MSTR | +0.0241% | 8h | 163.15 | +0.208% | $1.2M | $2.0M | — | as long as short |
| Binance MSTRUSDT | +0.0325% | 8h | 163.03 | +0.135% | $84.4M | $619.4M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0400% | 1h | 162.98 | +0.104% | $268K | $407K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0444% | 8h | 162.99 | +0.111% | $1.0M | $2.1M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0450% | 1h | 162.99 | +0.111% | $53.7M | $37.5M | 10x | as long as short |
| Phoenix MSTR | +0.0460% | 1h | 163.24 | +0.263% | $55K | $223K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0487% | 4h | 163.17 | +0.219% | $47K | $5.4M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0596% | 8h | 163.13 | +0.194% | $84K | $853K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0649% | 8h | 163.07 | +0.160% | $17.1M | $41.2M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0794% | 1h | 163.02 | +0.129% | $277K | $430K | 10x | as long as short |
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDT
Paradex MSTR-USD-PERP
Lighter MSTR
Nado MSTR-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Binance MSTRUSDT
RISEx MSTR/USDC
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Phoenix MSTR
edgeX MSTRUSDC
GRVT MSTR_USDT_Perp
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL