MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.037%

Price spread now: Extended against Injective−3.026%80s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 3.026% cheaper against Injective than usual: you would sell low and buy high, −$303 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 80 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	Injective MSTR/USDC PERP	169.34	0.0033	pay 0.0004% / 1h	15m 45s	$8K	$26K	30x
Short	Extended MSTR_24_5-USD	164.22	0.0032	get 0.0004% / 1h	15m 45s	$595K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Injective. 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 InjectivebpFee ExtendedbpOrdersPrice spread, now −3.026%Rate

Funding earned: −$0.28
Price spread: −3.026% → 0.000%: −$302.65
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$307.95
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Extended: live order book, 3 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Extended live order book, 3 min ago	2.13 bp	6.2 bp −$6	21.8 bp −$218	doesn't fit	doesn't fit

Injective: 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	−0.0943%	8h	164.56	−2.823%	$27.8M	$115.1M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.39	−2.923%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.44	−2.894%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.41	−2.911%	$2.8M	$74K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0009%	8h	164.42	−2.905%	$20.6M	$99.4M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.36	−2.941%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USDshort	+0.0032%	1h	164.22	−3.026%	$595K	$1.9M	10x
Injective MSTR/USDC PERPlong	+0.0033%	1h	169.34	long leg	$8K	$26K	30x
RISEx MSTR/USDC	+0.0034%	1h	164.47	−2.876%	$267K	$448K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.53	−2.840%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.31	−2.970%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.37	−2.935%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.37	−2.935%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.34	−2.953%	$856K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.43	−2.899%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0077%	8h	164.39	−2.925%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.35	−2.947%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.30	−2.976%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.31	−2.970%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.36	−2.941%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.38	−2.927%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0136%	8h	164.42	−2.907%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0140%	8h	164.38	−2.927%	$87.3M	$616.0M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0159%	8h	164.50	−2.860%	$77K	$772K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−3.083%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.27	−2.993%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0228%	1h	164.37	−2.935%	$54.8M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0242%	1h	164.32	−2.962%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0258%	8h	164.53	−2.840%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0350%	8h	164.43	−2.899%	$16.9M	$40.8M	50x	as long as short
edgeX MSTRUSDC	+0.0500%	4h	164.46	−2.881%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0785%	1h	164.44	−2.894%	$280K	$438K	10x	as long as short