MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.003%

Price spread now: Vest against Extended+0.163%7-day average −0.322% · you sell dearer than you buy

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

Long on Extended Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.113%−$11 on $10k

Price spread, last 7 days−0.081%−$8 · spread now +0.163%, 7d avg −0.322%

Together, before fees−0.194%+ Points / potential airdropExtended: Active · Vest: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Vest is 0.484% dearer against Extended than usual: you sell high and buy low: +$48 more if the spread goes back to its 7-day average of −0.322%. Mind the row above: over the last 4 days funding on this pair cost −0.113%, 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	166.08	0.0032	pay 0.0004% / 1h	46m 30s	$509K	$1.8M	10x
Short	Vest MSTR-USD-PERP	166.35	0.0046	get 0.0006% / 1h	46m 30s	—	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Extended. 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 ExtendedbpFee VestbpOrdersPrice spread, now +0.163%Rate

Funding earned: $2.87
Price spread: +0.163% → −0.322%: $48.42
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Vest: 1 bp × 2 orders: −$2
Net: $44.29
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Extended: 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 Extended live order book, 5 min ago	2.11 bp	5.7 bp −$6	21.3 bp −$213	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	−0.518%	$7K	$28K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	166.25	+0.102%	$4.9M	$17.6M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.27	+0.114%	$32.0M	$105.1M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.16	+0.048%	$2.8M	$86K	10x	as long as short
Lighter MSTR	+0.0032%	1h	166.15	+0.042%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	166.08	long leg	$509K	$1.8M	10x
Vest MSTR-USD-PERPshort	+0.0046%	1h	166.35	+0.163%	—	$1.7M	25x
Nado MSTR-PERP	+0.0048%	1h	166.15	+0.042%	$127K	$127K	3x	as long as short
QFEX MSTR-USD	+0.0050%	1h	166.18	+0.060%	$1.3M	$6.1M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.18	+0.060%	$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	+0.042%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.02	−0.036%	$870K	$3.3M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0072%	1h	165.78	−0.181%	$1.4M	$364K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	166.20	+0.073%	$102K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.18	+0.060%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.16	+0.048%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.22	+0.084%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.22	+0.084%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0117%	8h	166.21	+0.076%	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0205%	1h	166.22	+0.084%	$54.9M	$34.4M	10x	as long as short
Bybit MSTRUSDT	+0.0207%	8h	166.29	+0.126%	$17.1M	$37.9M	50x	as long as short
Aster MSTRUSDT	+0.0283%	8h	166.25	+0.103%	$1.8M	$7.0M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0292%	1h	166.18	+0.060%	$283K	$209K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0296%	8h	166.24	+0.096%	$21.6M	$83.4M	50x	as long as short
Phoenix MSTR	+0.0322%	1h	166.31	+0.140%	$56K	$213K	10x	as long as short
Variational Omni MSTR	+0.0364%	8h	166.38	+0.182%	$1.2M	$1.7M	—	as long as short
RISEx MSTR/USDC	+0.0436%	1h	166.25	+0.099%	$274K	$350K	10x	as long as short
Binance MSTRUSDT	+0.0467%	8h	166.21	+0.077%	$87.2M	$534.2M	50x	as long as short
BloFin MSTR-USDT	+0.0601%	8h	166.14	+0.036%	$1.1M	$2.0M	20x	as long as short
GRVT MSTR_USDT_Perp	+0.0635%	8h	166.33	+0.151%	$79K	$853K	10x	as long as short
edgeX MSTRUSDC	+0.0734%	4h	166.28	+0.122%	$48K	$4.9M	10x	as long as short
Arcus MSTR-USD	+0.0824%	1h	166.29	+0.126%	$26K	$71K	10x	as long as short