Funding you earn now, next payment 06:00 UTC−0.0722%/8h= −79.1% APRpaid last 24h −0.032%
Price spread now: edgeX against Deribit−0.245%75s7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.425% of the position
Funding, last 5 days (all we have)−0.441%−$44 on $10k
+Price spread, last 4 days (all we have)+0.230%+$23 · spread now −0.245%, 7d avg −0.037%
=Together, before fees−0.211%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and edgeX is 0.208% cheaper against Deribit than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.037%). Swap the legs. The two prices were read 75 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 | Deribit MSTR_USDC-PERPETUAL | 164.18 | 0.0725 | pay 0.0091% / 1h | 6m 09s | $279K | $438K | 10x |
| Short | edgeX MSTRUSDC | 163.78 | 0.0003 | get 0.0002% / 4h | 2h 06m | $45K | $5.4M | 10x |
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Deribit. 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
- −$151.69
- Price spread: −0.245% → −0.037%
- −$20.8
- Slippage, 4 orders
- −$26.49
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$214.98
- Costs to cover
- 0.425%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 43 min ago; edgeX: live order book, 3 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 Deribit live order book, 43 min ago | 6.10 bp | 9.6 bp −$10 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 3 min ago | 5.80 bp | 10.7 bp −$11 | 17.7 bp −$177 | 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 | −0.1067% | 8h | 164.40 | +0.134% | $28.4M | $118.9M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.22 | +0.024% | $4.7M | $19.8M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.89 | −0.177% | $2.8M | $78K | 10x | as long as short |
| edgeX MSTRUSDCshort | +0.0003% | 4h | 163.78 | −0.245% | $45K | $5.4M | 10x | |
| Aster MSTRUSDT | +0.0017% | 8h | 164.02 | −0.098% | $1.8M | $8.7M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0032% | 1h | 164.03 | −0.091% | — | $1.8M | 25x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.96 | −0.131% | $511K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.143% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.95 | −0.140% | $26K | $113K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.05 | −0.079% | $379K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Aster MSTRUSDT
Vest MSTR-USD-PERP
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.77 | −0.250% | $853K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 164.07 | −0.067% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 164.16 | −0.014% | $264K | $442K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.03 | −0.088% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.03 | −0.091% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.96 | −0.134% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.20 | +0.012% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.14 | −0.022% | $136 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0123% | 8h | 164.20 | +0.012% | $20.8M | $101.2M | 50x | as long as short |
| Lighter MSTR | +0.0128% | 1h | 164.12 | −0.037% | $3.5M | $2.0M | 10x | as long as short |
| Variational Omni MSTR | +0.0144% | 8h | 163.96 | −0.136% | $1.2M | $2.1M | — | as long as short |
| Paradex MSTR-USD-PERP | +0.0145% | 8h | 164.09 | −0.056% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | −1.620% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0219% | 8h | 164.16 | −0.012% | $84.2M | $629.2M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0237% | 8h | 164.02 | −0.100% | $80K | $857K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0245% | 1h | 164.05 | −0.079% | $54.4M | $37.4M | 10x | as long as short |
| Nado MSTR-PERP | +0.0337% | 1h | 163.92 | −0.161% | $131K | $157K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0338% | 8h | 164.04 | −0.085% | $1.0M | $2.1M | 20x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.88 | −0.183% | $56K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0377% | 8h | 164.23 | +0.030% | $16.9M | $41.9M | 50x | as long as short |
| SoDEX MSTR-USD | +0.0414% | 1h | 164.16 | −0.012% | $43K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUALlong | +0.0725% | 1h | 164.18 | long leg | $279K | $438K | 10x |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
RISEx MSTR/USDC
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
OKX MSTR-USDT-SWAP
Lighter MSTR
Variational Omni MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
tradeXYZ xyz:MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Phoenix MSTR
Bybit MSTRUSDT
SoDEX MSTR-USD