Funding you earn now, next payment 03:00 UTC+0.0259%/8h= +28.4% APRnext payment +$0.32 per $10,000 · paid last 24h +0.101%
Price spread now: RISEx against Extended+0.100%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Funding, last 4 days (all we have)+0.185%+$19 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.100%, 7d avg +0.102%
=Together, before fees+0.205%+ Points / potential airdropExtended: Active · farm board+$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.102%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MSTR_24_5-USD | 164.41 | 0.0032 | pay 0.0004% / 1h | 51m 18s | $594K | $1.9M | 10x |
| Short | RISEx MSTR/USDC | 164.57 | 0.0291 | get 0.0036% / 1h | 51m 18s | $269K | $447K | 10x |
Extended MSTR_24_5-USD
RISEx MSTR/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $54.43
- Price spread: +0.100% → +0.102%
- −$0.14
- Slippage, 4 orders
- −$10.61
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $32.69
- Costs to cover
- 0.216%
- Break-even
- 2.8 days
Slippage from Extended: live order book, 2 min ago; RISEx: live order book, 12 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, 2 min ago | 2.43 bp | 5.9 bp −$6 | 21.5 bp −$215 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 12 min ago | 1.52 bp | 4.5 bp −$5 | 6.3 bp −$63 | doesn't fit | doesn't fit |
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 | −0.1228% | 8h | 164.66 | +0.155% | $27.5M | $114.3M | 25x | as long as short |
| Gate MSTR_USDT | −0.0047% | 8h | 164.51 | +0.064% | $4.6M | $18.4M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.51 | +0.063% | $1.2M | $7.7M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.53 | +0.076% | $20.9M | $99.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.44 | +0.021% | $2.8M | $70K | 10x | as long as short |
| Variational Omni MSTR | +0.0014% | 8h | 164.41 | +0.002% | $1.2M | $2.0M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.48 | +0.046% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USDlong | +0.0032% | 1h | 164.41 | long leg | $594K | $1.9M | 10x | |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.002% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.40 | −0.003% | $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 | 164.42 | +0.009% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.48 | +0.046% | $384K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.42 | +0.009% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.16 | −0.149% | $880K | $4.3M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.55 | +0.088% | $1.4M | $7.8M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0071% | 1h | 164.42 | +0.009% | $55.1M | $36.6M | 10x | as long as short |
| Binance MSTRUSDT | +0.0082% | 8h | 164.55 | +0.086% | $87.9M | $618.0M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.53 | +0.075% | $101K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.47 | +0.040% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.33 | −0.046% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.53 | +0.076% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.51 | +0.065% | $137 | — | 10x | as long as short |
| edgeX MSTRUSDC | +0.0137% | 4h | 164.24 | −0.102% | $50K | $5.4M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0143% | 8h | 164.47 | +0.040% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0159% | 8h | 164.46 | +0.032% | $77K | $772K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.192% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0213% | 1h | 164.40 | −0.001% | $122K | $149K | 3x | as long as short |
| RISEx MSTR/USDCshort | +0.0291% | 1h | 164.57 | +0.100% | $269K | $447K | 10x | |
| Bybit MSTRUSDT | +0.0335% | 8h | 164.64 | +0.143% | $17.1M | $40.7M | 50x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 164.25 | −0.091% | $55K | $227K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0480% | 1h | 164.58 | +0.106% | $280K | $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
Binance MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
edgeX MSTRUSDC
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL