MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0062%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.016%

Price spread now: QFEX against Aevo+0.008%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSTR-PERP	169.06	0.0104	pay 0.0013% / 1h	47m 18s	$140	—	10x
Short	QFEX MSTR-USD	169.07	0.0042	get 0.0005% / 1h	47m 18s	$1.5M	$10.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$12.92
Price spread: +0.008% → 0.000%: $0.82
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$38.1
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; QFEX: live order book, 7 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 QFEX live order book, 7 min ago	1.48 bp	6.5 bp −$6	6.5 bp −$65	13.2 bp −$1,321	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	−0.0083%	1h	169.09	+0.017%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.04	−0.008%	$1.2M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.09	+0.021%	$88.4M	$629.2M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.97	−0.051%	$22.1M	$106.8M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.10	+0.026%	$275K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.99	−0.039%	$4.8M	$19.3M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.20	+0.085%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.23	+0.104%	$74K	$935K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.01	−0.027%	$2.9M	$60K	10x	as long as short
BloFin MSTR-USDT	+0.0006%	8h	169.08	+0.014%	$1.1M	$1.8M	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	169.04	−0.010%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.02	−0.021%	$585K	$1.8M	10x	as long as short
QFEX MSTR-USDshort	+0.0042%	1h	169.07	+0.008%	$1.5M	$10.2M	10x
Vest MSTR-USD-PERP	+0.0046%	1h	169.12	+0.038%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.01	−0.027%	$403K	$2.5M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.96	−0.057%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.09	+0.020%	$753K	$5.1M	10x	as long as short
Bitget MSTRUSDT	+0.0051%	8h	169.04	−0.010%	$28.8M	$119.8M	25x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.93	−0.075%	$1.5M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0079%	8h	169.09	+0.021%	$68	—	5x	as long as short
Bybit MSTRUSDT	+0.0082%	8h	169.03	−0.015%	$15.2M	$40.9M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	169.04	−0.012%	$103K	$114K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.05	−0.004%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.02	−0.021%	$4K	$661K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.07	+0.008%	$3K	$12K	10x	as long as short
Aevo MSTR-PERPlong	+0.0104%	1h	169.06	long leg	$140	—	10x
tradeXYZ xyz:MSTR	+0.0113%	1h	168.97	−0.051%	$56.9M	$38.0M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0223%	1h	169.07	+0.008%	$287K	$439K	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.12	+0.035%	$57K	$394K	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.25	+0.115%	$13K	$22K	30x	as long as short
Arcus MSTR-USD	+0.0457%	1h	169.16	+0.061%	$27K	$134K	10x	as long as short
edgeX MSTRUSDC	+0.0654%	4h	169.21	+0.093%	$48K	$5.4M	10x	as long as short