Funding you earn now, next payment 05:00 UTC−0.0133%/8h= −14.5% APRpaid last 24h −0.044%
Price spread now: Extended against Binance−0.171%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 7 days+0.114%+$11 · spread now −0.171%, 7d avg −0.116%
=Together, before fees+0.169%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.055% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.116%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.055%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSTRUSDT | 164.07 | 0.0165 | pay 0.0165% / 8h | 3h 21m | $86.6M | $617.5M | 50x |
| Short | Extended MSTR_24_5-USD | 163.79 | 0.0032 | get 0.0004% / 1h | 21m 15s | $588K | $1.9M | 10x |
Binance MSTRUSDT
Extended MSTR_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Binance. 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
- −$27.83
- Price spread: −0.171% → −0.116%
- −$5.5
- Slippage, 4 orders
- −$12.63
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$60.96
- Costs to cover
- 0.276%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Extended: live order book, 2 min ago.
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 Binance live order book, 8 min ago | 0.31 bp | 5.9 bp −$6 | 8.6 bp −$86 | 10.0 bp −$997 | 84.6 bp −$42.3K |
| Sell Extended live order book, 2 min ago | 2.75 bp | 8.0 bp −$8 | 25.9 bp −$259 | doesn't fit | doesn't fit |
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 | −0.0948% | 8h | 164.17 | +0.061% | $27.3M | $116.3M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.01 | −0.034% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.12 | +0.030% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.97 | −0.061% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.93 | −0.085% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USDshort | +0.0032% | 1h | 163.79 | −0.171% | $588K | $1.9M | 10x | |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.212% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.95 | −0.073% | $26K | $110K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.74 | −0.201% | — | $1.7M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0046% | 8h | 164.08 | +0.006% | $20.7M | $99.0M | 50x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
OKX MSTR-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.97 | −0.061% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.91 | −0.098% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.54 | −0.323% | $846K | $3.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0065% | 8h | 163.98 | −0.054% | $66 | — | 5x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.95 | −0.073% | $1.4M | $7.3M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.93 | −0.088% | $100K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.90 | −0.104% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.77 | −0.183% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.01 | −0.037% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.03 | −0.027% | $136 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0106% | 8h | 163.95 | −0.070% | $1.2M | $2.1M | — | as long as short |
| Binance MSTRUSDTlong | +0.0165% | 8h | 164.07 | long leg | $86.6M | $617.5M | 50x | |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.88 | −0.116% | $1.4M | $1.1M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0171% | 8h | 164.00 | −0.042% | $75K | $825K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.03 | −0.024% | $266K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0255% | 1h | 163.82 | −0.155% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0260% | 1h | 164.03 | −0.024% | $54.6M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0288% | 8h | 163.84 | −0.140% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0325% | 8h | 164.08 | +0.006% | $16.6M | $41.1M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 163.95 | −0.071% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0382% | 4h | 163.84 | −0.143% | $49K | $5.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0665% | 1h | 164.08 | +0.006% | $279K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Paradex MSTR-USD-PERP
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Variational Omni MSTR
Coinbase International MSTR-PERP-INTX
GRVT MSTR_USDT_Perp
RISEx MSTR/USDC
Nado MSTR-PERP
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL