MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h −0.014%

Price spread now: Extended against Aevo−0.086%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 Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.086% cheaper against Aevo than usual: you would sell low and buy high (−$9 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	168.74	0.0104	pay 0.0013% / 1h	26m 22s	$140	—	10x
Short	Extended MSTR_24_5-USD	168.59	0.0032	get 0.0004% / 1h	26m 22s	$581K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$15.12
Price spread: −0.086% → 0.000%: −$8.62
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$44.74
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Extended: 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 Extended live order book, 2 min ago	2.37 bp	8.1 bp −$8	26.0 bp −$260	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 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
Nado MSTR-PERP	−0.0040%	1h	168.60	−0.082%	$139K	$90K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.78	+0.028%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.84	+0.062%	$21.7M	$101.0M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.83	+0.056%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.92	+0.109%	$28.5M	$113.7M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.83	+0.054%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.69	−0.027%	$85K	$825K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.81	+0.044%	$2.8M	$66K	10x	as long as short
Binance MSTRUSDT	+0.0025%	8h	168.77	+0.020%	$88.9M	$614.6M	50x	as long as short
BloFin MSTR-USDT	+0.0028%	8h	168.61	−0.074%	$1.1M	$1.9M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	168.71	−0.015%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USDshort	+0.0032%	1h	168.59	−0.086%	$581K	$1.8M	10x
QFEX MSTR-USD	+0.0035%	1h	168.74	+0.003%	$1.4M	$9.2M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	168.75	+0.009%	$27K	$117K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.74	+0.003%	—	$1.8M	25x	as long as short
Bybit MSTRUSDT	+0.0047%	8h	168.75	+0.009%	$15.1M	$39.2M	50x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.68	−0.033%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.62	−0.068%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.44	−0.175%	$736K	$4.9M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	−0.163%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0090%	8h	168.69	−0.027%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.72	−0.012%	$105K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.65	−0.051%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.87	+0.080%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.78	+0.026%	$3K	$8K	10x	as long as short
Aevo MSTR-PERPlong	+0.0104%	1h	168.74	long leg	$140	—	10x
tradeXYZ xyz:MSTR	+0.0203%	1h	168.68	−0.033%	$56.8M	$35.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.358%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.64	−0.059%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.77	+0.020%	$275K	$433K	10x	as long as short
edgeX MSTRUSDC	+0.0424%	4h	168.75	+0.010%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0640%	1h	168.75	+0.009%	$287K	$438K	10x	as long as short