Funding you earn now, next payment 08:00 UTC+0.0460%/8h= +50.3% APRnext payment +$0.57 per $10,000 · paid last 24h +0.049%
Price spread now: tradeXYZ against Vest+0.135%7-day average +0.343% · 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)+0.122%+$12 on $10k
+Price spread, last 7 days−0.234%−$23 · spread now +0.135%, 7d avg +0.343%
=Together, before fees−0.112%+ Points / potential airdropVest: Active · tradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.208% cheaper against Vest than usual: you would sell low and buy high (spread +0.135% now, against its 7-day average of +0.343%). If the spread goes back, that is −$21 on $10k: about 36 hours of funding at the current rate (+$14 a day). At the pace of the last 4 days (+0.122% in total) that is about 6.0 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.122% in total (about 12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 162.94 | 0.0046 | pay 0.0006% / 1h | 31m 32s | — | $1.8M | 25x |
| Short | tradeXYZ xyz:MSTR | 163.16 | 0.0505 | get 0.0063% / 1h | 31m 32s | $53.9M | $37.6M | 10x |
Vest MSTR-USD-PERP
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $96.53
- Price spread: +0.135% → +0.343%
- −$20.76
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $55.77
- Costs to cover
- 0.200%
- Break-even
- 3.0 days
Slippage unknown: Vest: no order-book sample; tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago | 0.61 bp | 11.7 bp −$12 | 13.7 bp −$137 | 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 | −0.0399% | 8h | 163.34 | +0.245% | $29.4M | $119.1M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.24 | +0.184% | $4.7M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.10 | +0.098% | $2.7M | $83K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.97 | +0.015% | $501K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.928% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.33 | +0.239% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERPlong | +0.0046% | 1h | 162.94 | long leg | — | $1.8M | 25x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.08 | +0.086% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 162.99 | +0.031% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.98 | +0.025% | $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 | +0.0067% | 1h | 163.13 | +0.117% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0079% | 8h | 163.10 | +0.095% | $1.8M | $8.7M | 50x | as long as short |
| Lighter MSTR | +0.0088% | 1h | 163.05 | +0.068% | $3.5M | $2.0M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.17 | +0.140% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.10 | +0.098% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.04 | +0.061% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 162.97 | +0.018% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 162.97 | +0.018% | $135 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 161.52 | −0.871% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0164% | 8h | 163.07 | +0.078% | $65 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0202% | 8h | 163.19 | +0.153% | $20.8M | $99.9M | 50x | as long as short |
| Variational Omni MSTR | +0.0203% | 8h | 163.25 | +0.192% | $1.2M | $2.0M | — | as long as short |
| Nado MSTR-PERP | +0.0251% | 1h | 162.94 | +0.002% | $125K | $165K | 3x | as long as short |
| Binance MSTRUSDT | +0.0274% | 8h | 163.14 | +0.122% | $84.1M | $621.4M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0281% | 8h | 163.33 | +0.239% | $85K | $836K | 10x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.26 | +0.198% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0395% | 8h | 163.14 | +0.123% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0415% | 8h | 163.19 | +0.153% | $17.1M | $41.7M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.15 | +0.128% | $265K | $417K | 10x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0505% | 1h | 163.16 | +0.135% | $53.9M | $37.6M | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.0548% | 1h | 162.98 | +0.025% | $277K | $437K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0959% | 4h | 163.15 | +0.131% | $46K | $5.4M | 10x | as long as short |
QFEX MSTR-USD
Aster MSTRUSDT
Lighter MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Nado MSTR-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC