Funding you earn now, next payment 03:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h +0.044%
Price spread now: Binance against Extended+0.085%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 2 days (all we have)+0.223%+$22 · spread now +0.085%, 7d avg +0.117%
=Together, before fees+0.168%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.032% cheaper against Extended than usual: you would sell low and buy high (spread +0.085% now, against its 7-day average of +0.117%). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MSTR_24_5-USD | 164.12 | 0.0032 | pay 0.0004% / 1h | 53m 57s | $594K | $1.9M | 10x |
| Short | Binance MSTRUSDT | 164.26 | 0.0083 | get 0.0083% / 8h | 5h 53m | $87.7M | $618.1M | 50x |
Extended MSTR_24_5-USD
Binance MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- $10.66
- Price spread: +0.085% → +0.117%
- −$3.17
- Slippage, 4 orders
- −$8.32
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$15.83
- Costs to cover
- 0.233%
- Break-even
- 17.4 days
Slippage from Extended: live order book, 5 min ago; Binance: live order book, 5 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 Extended live order book, 5 min ago | 2.43 bp | 6.2 bp −$6 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.30 bp | 5.7 bp −$6 | 9.9 bp −$99 | 30.0 bp −$2,996 | 72.9 bp −$36.4K |
MSTR on 31 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 | −0.1215% | 8h | 164.37 | +0.155% | $27.5M | $114.4M | 25x | as long as short |
| Gate MSTR_USDT | −0.0074% | 8h | 164.21 | +0.058% | $4.6M | $18.4M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.19 | +0.047% | $1.2M | $7.5M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.21 | +0.058% | $20.8M | $99.1M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.23 | +0.070% | $2.8M | $70K | 10x | as long as short |
| Variational Omni MSTR | +0.0014% | 8h | 164.41 | +0.178% | $1.2M | $2.0M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.16 | +0.027% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USDlong | +0.0032% | 1h | 164.12 | long leg | $594K | $1.9M | 10x | |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.184% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.33 | +0.131% | $26K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.06 | −0.034% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.09 | −0.015% | $383K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.20 | +0.052% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.12 | +0.003% | $887K | $4.3M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.24 | +0.076% | $1.4M | $7.8M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0080% | 1h | 164.13 | +0.009% | $55.0M | $36.6M | 10x | as long as short |
| Binance MSTRUSDTshort | +0.0083% | 8h | 164.26 | +0.085% | $87.7M | $618.1M | 50x | |
| Pacifica MSTR | +0.0100% | 1h | 164.20 | +0.054% | $100K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.16 | +0.027% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.14 | +0.015% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.20 | +0.052% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.20 | +0.051% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0147% | 8h | 164.19 | +0.048% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0178% | 8h | 164.25 | +0.084% | $77K | $772K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.015% | $1.4M | $1.1M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0201% | 4h | 164.18 | +0.037% | $50K | $5.4M | 10x | as long as short |
| Nado MSTR-PERP | +0.0218% | 1h | 164.20 | +0.049% | $122K | $149K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 164.23 | +0.070% | $269K | $447K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0338% | 8h | 164.29 | +0.107% | $17.0M | $40.7M | 50x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.16 | +0.029% | $55K | $227K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0725% | 1h | 164.25 | +0.082% | $279K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
tradeXYZ xyz:MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
edgeX MSTRUSDC
Nado MSTR-PERP
RISEx MSTR/USDC
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL