Funding you earn now, next payment 03:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.05 per $10,000 · paid last 24h +0.038%
Price spread now: tradeXYZ against Aevo−0.062%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and tradeXYZ is 0.062% cheaper against Aevo than usual: you would sell low and buy high (−$6 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 | 164.51 | 0.0104 | pay 0.0013% / 1h | 50m 38s | $137 | — | 10x |
| Short | tradeXYZ xyz:MSTR | 164.41 | 0.0062 | get 0.0008% / 1h | 50m 38s | $55.1M | $36.6M | 10x |
Aevo MSTR-PERP
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Aevo. 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
- −$8.91
- Price spread: −0.062% → 0.000%
- −$6.18
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$49.08
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago | 0.61 bp | 10.2 bp −$10 | 12.3 bp −$123 | 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 31 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 | −0.1227% | 8h | 164.58 | +0.042% | $27.6M | $114.4M | 25x | as long as short |
| Gate MSTR_USDT | −0.0039% | 8h | 164.32 | −0.116% | $4.6M | $18.4M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.42 | −0.058% | $1.2M | $7.8M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.30 | −0.129% | $20.8M | $99.0M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.63 | +0.072% | $2.8M | $70K | 10x | as long as short |
| Variational Omni MSTR | +0.0011% | 8h | 164.49 | −0.011% | $1.2M | $2.0M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.37 | −0.086% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.19 | −0.195% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.935% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.45 | −0.037% | $26K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.42 | −0.056% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.48 | −0.019% | $384K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.54 | +0.017% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.16 | −0.214% | $880K | $4.3M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.29 | −0.135% | $1.4M | $7.8M | 10x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0062% | 1h | 164.41 | −0.062% | $55.1M | $36.6M | 10x | |
| Binance MSTRUSDT | +0.0082% | 8h | 164.34 | −0.104% | $87.8M | $618.2M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.42 | −0.057% | $101K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.38 | −0.080% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.33 | −0.110% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.53 | +0.011% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERPlong | +0.0104% | 1h | 164.51 | long leg | $137 | — | 10x | |
| edgeX MSTRUSDC | +0.0137% | 4h | 164.24 | −0.166% | $50K | $5.4M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0141% | 8h | 164.43 | −0.049% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0159% | 8h | 164.46 | −0.032% | $77K | $772K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.256% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0213% | 1h | 164.40 | −0.066% | $122K | $149K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 164.33 | −0.112% | $269K | $447K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0332% | 8h | 164.39 | −0.074% | $17.0M | $40.7M | 50x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 164.25 | −0.156% | $55K | $227K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0480% | 1h | 164.58 | +0.042% | $280K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Binance MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
edgeX MSTRUSDC
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
RISEx MSTR/USDC
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL