MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h −0.025%

Price spread now: Vest against Coinbase International+0.344%46s7-day average −0.737% · you sell dearer than you buy

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

Long on Coinbase International Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.125%−$12 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.344%, 7d avg −0.737%

Together, before fees−0.408%+ Points / potential airdropVest: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 1.081% dearer against Coinbase International than usual: you sell high and buy low (spread +0.344% now, against its 7-day average of −0.737%): +$108 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5 months. At the pace of the last 4 days (−0.125% in total) that is about 32 days. The two prices were read 46 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	Coinbase International MSTR-PERP-INTX	165.78	0.0072	pay 0.0009% / 1h	46m 31s	$1.4M	$364K	10x
Short	Vest MSTR-USD-PERP	166.35	0.0046	get 0.0006% / 1h	46m 31s	—	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee VestbpOrdersPrice spread, now +0.344%Rate

Funding earned: −$5.53
Price spread: +0.344% → −0.737%: $108.06
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: $90.53
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 5 min ago; Vest: no order-book sample. 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 Coinbase International live order book, 5 min ago	4.21 bp	10.0 bp −$10	16.6 bp −$166	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 exchanges

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
Injective MSTR/USDC PERP	−0.0263%	1h	165.22	−0.338%	$7K	$28K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	166.25	+0.284%	$4.9M	$17.6M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.27	+0.296%	$32.0M	$105.1M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.16	+0.229%	$2.8M	$86K	10x	as long as short
Lighter MSTR	+0.0032%	1h	166.15	+0.223%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	166.08	+0.181%	$509K	$1.8M	10x	as long as short
Vest MSTR-USD-PERPshort	+0.0046%	1h	166.35	+0.344%	—	$1.7M	25x
Nado MSTR-PERP	+0.0048%	1h	166.15	+0.223%	$127K	$127K	3x	as long as short
QFEX MSTR-USD	+0.0050%	1h	166.18	+0.241%	$1.3M	$6.1M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.18	+0.241%	$384K	$2.3M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	166.15	+0.223%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.02	+0.145%	$870K	$3.3M	10x	as long as short
Coinbase International MSTR-PERP-INTXlong	+0.0072%	1h	165.78	long leg	$1.4M	$364K	10x
Pacifica MSTR	+0.0100%	1h	166.20	+0.254%	$102K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.18	+0.241%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.16	+0.229%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.22	+0.265%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.22	+0.265%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0117%	8h	166.21	+0.257%	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0205%	1h	166.22	+0.265%	$54.9M	$34.4M	10x	as long as short
Bybit MSTRUSDT	+0.0207%	8h	166.29	+0.308%	$17.1M	$37.9M	50x	as long as short
Aster MSTRUSDT	+0.0283%	8h	166.25	+0.284%	$1.8M	$7.0M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0292%	1h	166.18	+0.241%	$283K	$209K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0296%	8h	166.24	+0.277%	$21.6M	$83.4M	50x	as long as short
Phoenix MSTR	+0.0322%	1h	166.31	+0.321%	$56K	$213K	10x	as long as short
Variational Omni MSTR	+0.0364%	8h	166.38	+0.363%	$1.2M	$1.7M	—	as long as short
RISEx MSTR/USDC	+0.0436%	1h	166.25	+0.280%	$274K	$350K	10x	as long as short
Binance MSTRUSDT	+0.0467%	8h	166.21	+0.258%	$87.2M	$534.2M	50x	as long as short
BloFin MSTR-USDT	+0.0601%	8h	166.14	+0.217%	$1.1M	$2.0M	20x	as long as short
GRVT MSTR_USDT_Perp	+0.0635%	8h	166.33	+0.332%	$79K	$853K	10x	as long as short
edgeX MSTRUSDC	+0.0734%	4h	166.28	+0.304%	$48K	$4.9M	10x	as long as short
Arcus MSTR-USD	+0.0824%	1h	166.29	+0.308%	$26K	$71K	10x	as long as short