Funding you earn now, next payment 05:00 UTC−0.0910%/8h= −99.7% APRpaid last 24h −0.170%
Price spread now: Vest against edgeX−0.164%7-day average −0.399% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.091%−$9 on $10k
+Price spread, last 7 days+0.167%+$17 · spread now −0.164%, 7d avg −0.399%
=Together, before fees+0.077%+ Points / potential airdropedgeX: Active · Vest: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.235% dearer against edgeX than usual: you sell high and buy low (spread −0.164% now, against its 7-day average of −0.399%): +$24 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 3 days (−0.091% in total) that is about 8.8 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.091% in total (about -9.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSTRUSDC | 164.10 | 0.0956 | pay 0.0478% / 4h | 3h 15m | $48K | $5.4M | 10x |
| Short | Vest MSTR-USD-PERP | 163.83 | 0.0046 | get 0.0006% / 1h | 15m 28s | — | $1.7M | 25x |
edgeX MSTRUSDC
Vest MSTR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against edgeX. 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
- −$191.12
- Price spread: −0.164% → −0.399%
- $23.54
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$178.58
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: edgeX: live order book, 4 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 edgeX live order book, 4 min ago | 6.10 bp | 10.9 bp −$11 | 17.5 bp −$175 | 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 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 | −0.0944% | 8h | 164.15 | +0.031% | $27.2M | $116.5M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.02 | −0.045% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.07 | −0.017% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.07 | −0.017% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.93 | −0.103% | $3.5M | $2.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.86 | −0.145% | $601K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.194% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.08 | −0.011% | $26K | $110K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0046% | 8h | 163.99 | −0.066% | $20.8M | $99.1M | 50x | as long as short |
| Vest MSTR-USD-PERPshort | +0.0046% | 1h | 163.83 | −0.164% | — | $1.7M | 25x |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
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 | 163.96 | −0.084% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.93 | −0.103% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.76 | −0.206% | $849K | $4.0M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.98 | −0.072% | $1.4M | $7.3M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0069% | 8h | 163.95 | −0.091% | $66 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.96 | −0.086% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.92 | −0.109% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.00 | −0.060% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.98 | −0.072% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0100% | 8h | 163.92 | −0.111% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.95 | −0.092% | $136 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0163% | 8h | 163.99 | −0.066% | $86.4M | $618.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0166% | 8h | 164.12 | +0.015% | $76K | $826K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.84 | −0.158% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.02 | −0.048% | $266K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0248% | 1h | 163.85 | −0.150% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0258% | 1h | 163.96 | −0.084% | $54.6M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0285% | 8h | 164.05 | −0.030% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0320% | 8h | 164.05 | −0.030% | $16.6M | $41.1M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.09 | −0.003% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0360% | 1h | 163.98 | −0.072% | $279K | $438K | 10x | as long as short |
| edgeX MSTRUSDClong | +0.0956% | 4h | 164.10 | long leg | $48K | $5.4M | 10x |
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
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL