Funding you earn now, next payment 08:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.082%
Price spread now: Phemex against BloFin+0.012%59s7-day average +0.013% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.464%−$46 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.012%, 7d avg +0.013%
=The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSTR-USDT | 164.05 | 0.0285 | pay 0.0285% / 8h | 3h 15m | $1.0M | $2.1M | 20x |
| Short | Phemex MSTRUSDT | 164.07 | 0 | get 0.0000% / 4h | 3h 15m | $2.8M | $77K | 10x |
BloFin MSTR-USDT
Phemex MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$59.88
- Price spread: +0.012% → +0.013%
- −$0.04
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$83.92
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 7 min ago; Phemex: live order book, 3 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 BloFin live order book, 7 min ago | 1.83 bp | 7.8 bp −$8 | 7.8 bp −$78 | 19.5 bp −$1,955 | 35.5 bp −$17.7K |
| Sell Phemex live order book, 3 min ago | 3.35 bp | doesn't fit | doesn't fit | 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 | −0.0943% | 8h | 164.12 | +0.043% | $27.2M | $116.5M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.01 | −0.022% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.03 | −0.012% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDTshort | 0.0000% | 4h | 164.07 | +0.012% | $2.8M | $77K | 10x | |
| Lighter MSTR | +0.0032% | 1h | 163.93 | −0.073% | $3.5M | $2.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.84 | −0.125% | $601K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.225% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.10 | +0.030% | $26K | $110K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.81 | −0.146% | — | $1.7M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0046% | 8h | 164.03 | −0.012% | $20.8M | $99.1M | 50x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Lighter MSTR
Extended MSTR_24_5-USD
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 | 163.92 | −0.079% | $379K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.93 | −0.073% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.80 | −0.152% | $849K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.93 | −0.073% | $1.4M | $7.3M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0069% | 8h | 163.95 | −0.064% | $66 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.92 | −0.080% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.92 | −0.079% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.89 | −0.098% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.96 | −0.055% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0100% | 8h | 163.92 | −0.081% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.95 | −0.063% | $136 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0163% | 8h | 163.99 | −0.037% | $86.4M | $618.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0166% | 8h | 164.07 | +0.009% | $76K | $826K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.84 | −0.128% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 163.98 | −0.044% | $266K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0249% | 1h | 163.89 | −0.100% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0258% | 1h | 163.96 | −0.055% | $54.6M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDTlong | +0.0285% | 8h | 164.05 | long leg | $1.0M | $2.1M | 20x | |
| Bybit MSTRUSDT | +0.0320% | 8h | 164.02 | −0.018% | $16.6M | $41.1M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.02 | −0.021% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0360% | 1h | 163.98 | −0.043% | $279K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0400% | 4h | 163.93 | −0.076% | $49K | $5.3M | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Aevo MSTR-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
RISEx MSTR/USDC
Nado MSTR-PERP
tradeXYZ xyz:MSTR
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC