MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.007%

Price spread now: Coinbase International against Aevo−0.329%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.329% cheaper against Aevo than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSTR-PERP	166.33	0.0104	pay 0.0013% / 1h	49m 13s	$138	—	10x
Short	Coinbase International MSTR-PERP-INTX	165.78	0.0072	get 0.0009% / 1h	49m 13s	$1.4M	$386K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 AevobpFee Coinbase InternationalbpOrdersPrice spread, now −0.329%Rate

Funding earned: −$6.72
Price spread: −0.329% → 0.000%: −$32.93
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$65.65
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Coinbase International: live order book, 2 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 Aevo no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 2 min ago	4.21 bp	9.2 bp −$9	14.2 bp −$142	doesn't fit	doesn't fit

Aevo: 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 exchanges

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
Injective MSTR/USDC PERP	−0.0263%	1h	165.22	−0.666%	$7K	$28K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	166.35	+0.013%	$4.9M	$17.6M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.32	−0.005%	$32.0M	$105.7M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.32	−0.005%	$2.8M	$86K	10x	as long as short
Lighter MSTR	+0.0032%	1h	166.24	−0.053%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	166.15	−0.109%	$509K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.41	+0.049%	—	$1.7M	25x	as long as short
QFEX MSTR-USD	+0.0050%	1h	166.24	−0.053%	$1.3M	$6.1M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.21	−0.071%	$384K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	166.28	−0.029%	$44K	$3K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.09	−0.143%	$875K	$3.3M	10x	as long as short
Nado MSTR-PERP	+0.0058%	1h	166.18	−0.089%	$127K	$127K	3x	as long as short
Coinbase International MSTR-PERP-INTXshort	+0.0072%	1h	165.78	−0.329%	$1.4M	$386K	10x
Pacifica MSTR	+0.0100%	1h	166.12	−0.122%	$101K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.23	−0.059%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.16	−0.101%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.30	−0.017%	$3K	$10K	10x	as long as short
Aevo MSTR-PERPlong	+0.0104%	1h	166.33	long leg	$138	—	10x
Paradex MSTR-USD-PERP	+0.0116%	8h	166.29	−0.025%	$67	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0206%	1h	166.27	−0.035%	$54.9M	$34.4M	10x	as long as short
Bybit MSTRUSDT	+0.0216%	8h	166.31	−0.011%	$17.1M	$38.0M	50x	as long as short
Aster MSTRUSDT	+0.0273%	8h	166.28	−0.029%	$1.8M	$7.0M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0296%	8h	166.30	−0.017%	$21.6M	$83.8M	50x	as long as short
Phoenix MSTR	+0.0322%	1h	166.49	+0.097%	$56K	$213K	10x	as long as short
Variational Omni MSTR	+0.0364%	8h	166.38	+0.033%	$1.2M	$1.7M	—	as long as short
RISEx MSTR/USDC	+0.0436%	1h	166.27	−0.035%	$274K	$351K	10x	as long as short
Binance MSTRUSDT	+0.0461%	8h	166.24	−0.050%	$87.2M	$536.0M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0472%	1h	166.28	−0.029%	$283K	$209K	10x	as long as short
BloFin MSTR-USDT	+0.0591%	8h	166.32	−0.005%	$1.1M	$2.0M	20x	as long as short
GRVT MSTR_USDT_Perp	+0.0608%	8h	166.43	+0.063%	$87K	$855K	10x	as long as short
edgeX MSTRUSDC	+0.0734%	4h	166.28	−0.027%	$48K	$4.9M	10x	as long as short
Arcus MSTR-USD	+0.0824%	1h	166.36	+0.019%	$26K	$71K	10x	as long as short