Funding you earn now, next payment 05:00 UTC+0.0185%/8h= +20.3% APRnext payment +$0.23 per $10,000 · paid last 24h +0.096%
Price spread now: RISEx against Vest+0.153%7-day average +0.782% · 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)+0.303%+$30 on $10k
+Price spread, last 4 days (all we have)−1.153%−$115 · spread now +0.153%, 7d avg +0.782%
=Together, before fees−0.850%+ Points / potential airdropVest: Active · farm board−$85 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.629% cheaper against Vest than usual: you would sell low and buy high (spread +0.153% now, against its 7-day average of +0.782%). If the spread goes back, that is −$63 on $10k: about 11 days of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 163.82 | 0.0046 | pay 0.0006% / 1h | 38m 56s | — | $1.7M | 25x |
| Short | RISEx MSTR/USDC | 164.07 | 0.0231 | get 0.0029% / 1h | 38m 56s | $266K | $445K | 10x |
Vest MSTR-USD-PERP
RISEx MSTR/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $38.86
- Price spread: +0.153% → +0.782%
- −$62.88
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$32.02
- Costs to cover
- 0.080%
- Break-even
- 12.8 days
Slippage unknown: Vest: no order-book sample; RISEx: live order book, 14 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 RISEx live order book, 14 min ago | 2.73 bp | 5.7 bp −$6 | 7.0 bp −$70 | 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 | −0.0899% | 8h | 164.15 | +0.201% | $27.8M | $115.5M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.90 | +0.046% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.05 | +0.140% | $4.6M | $18.9M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.03 | +0.128% | $2.8M | $76K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.78 | −0.021% | $593K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.370% | $8K | $26K | 30x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0039% | 8h | 163.98 | +0.098% | $20.6M | $99.3M | 50x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.27 | +0.275% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERPlong | +0.0046% | 1h | 163.82 | long leg | — | $1.7M | 25x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.96 | +0.085% | $379K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
OKX MSTR-USDT-SWAP
Arcus MSTR-USD
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USD | +0.0050% | 1h | 163.96 | +0.085% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.90 | +0.049% | $853K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 164.03 | +0.128% | $1.4M | $7.3M | 10x | as long as short |
| Lighter MSTR | +0.0072% | 1h | 163.89 | +0.043% | $3.5M | $1.9M | 10x | as long as short |
| Variational Omni MSTR | +0.0094% | 8h | 164.16 | +0.205% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.04 | +0.134% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.87 | +0.031% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.24 | +0.256% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.90 | +0.049% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.93 | +0.067% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0139% | 8h | 164.00 | +0.113% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0158% | 8h | 164.17 | +0.214% | $75K | $803K | 10x | as long as short |
| Binance MSTRUSDT | +0.0159% | 8h | 163.99 | +0.106% | $86.7M | $616.0M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.96 | +0.085% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDCshort | +0.0231% | 1h | 164.07 | +0.153% | $266K | $445K | 10x | |
| tradeXYZ xyz:MSTR | +0.0259% | 1h | 163.92 | +0.061% | $54.6M | $37.0M | 10x | as long as short |
| Nado MSTR-PERP | +0.0260% | 1h | 163.90 | +0.050% | $121K | $148K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0279% | 8h | 164.12 | +0.183% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0332% | 8h | 164.03 | +0.128% | $16.7M | $40.8M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.21 | +0.239% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0742% | 4h | 164.11 | +0.178% | $49K | $5.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1093% | 1h | 164.00 | +0.110% | $279K | $438K | 10x | as long as short |
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Lighter MSTR
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL