MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h +0.015%

Price spread now: tradeXYZ against Injective−2.911%7-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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

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

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

Funding pays, the price is against you. tradeXYZ is 2.911% cheaper against Injective than usual: you would sell low and buy high (spread −2.911% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$291 on $10k: about 11 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.142% in total) that is about 5 months.

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	50m 44s	$8K	$26K	30x
Short	tradeXYZ xyz:MSTR	164.41	0.0062	get 0.0008% / 1h	50m 44s	$55.1M	$36.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 tradeXYZbpOrdersPrice spread, now −2.911%Rate

Funding earned: $5.93
Price spread: −2.911% → 0.000%: −$291.13
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$303.22
Costs to cover: 0.180%
Break-even: 364.8 days

Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago	0.61 bp	10.2 bp −$10	12.3 bp −$123	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 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	−0.1227%	8h	164.58	−2.811%	$27.6M	$114.4M	25x	as long as short
Gate MSTR_USDT	−0.0039%	8h	164.32	−2.964%	$4.6M	$18.4M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.42	−2.907%	$1.2M	$7.8M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.30	−2.976%	$20.8M	$99.0M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.63	−2.781%	$2.8M	$70K	10x	as long as short
Variational Omni MSTR	+0.0011%	8h	164.49	−2.862%	$1.2M	$2.0M	—	as long as short
Lighter MSTR	+0.0032%	1h	164.37	−2.935%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.19	−3.041%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERPlong	+0.0033%	1h	169.34	long leg	$8K	$26K	30x
Arcus MSTR-USD	+0.0040%	1h	164.45	−2.888%	$26K	$112K	10x	as long as short

Show 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	−2.905%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.48	−2.870%	$384K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.54	−2.835%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.16	−3.059%	$880K	$4.3M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	164.29	−2.982%	$1.4M	$7.8M	10x	as long as short
tradeXYZ xyz:MSTRshort	+0.0062%	1h	164.41	−2.911%	$55.1M	$36.6M	10x
Binance MSTRUSDT	+0.0082%	8h	164.34	−2.953%	$87.8M	$618.2M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.42	−2.907%	$101K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.38	−2.929%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.33	−2.959%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.53	−2.840%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.51	−2.851%	$137	—	10x	as long as short
edgeX MSTRUSDC	+0.0137%	4h	164.24	−3.013%	$50K	$5.4M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0141%	8h	164.43	−2.899%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0159%	8h	164.46	−2.883%	$77K	$772K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.09	−3.100%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0213%	1h	164.40	−2.915%	$122K	$149K	3x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	164.33	−2.961%	$269K	$447K	10x	as long as short
Bybit MSTRUSDT	+0.0332%	8h	164.39	−2.923%	$17.0M	$40.7M	50x	as long as short
Phoenix MSTR	+0.0336%	1h	164.25	−3.003%	$55K	$227K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0480%	1h	164.58	−2.811%	$280K	$438K	10x	as long as short