Funding you earn now, next payment 11:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.016%
Price spread now: Vest against Pacifica+0.135%49s7-day average −0.700% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)+1.001%+$100 · spread now +0.135%, 7d avg −0.700%
=Together, before fees+0.861%+ Points / potential airdropPacifica: Active · Vest: Active · farm board+$86 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.835% dearer against Pacifica than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of −0.700%): +$84 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 51 days. At the pace of the last 4 days (−0.140% in total) that is about 22 days. The two prices were read 49 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 | Pacifica MSTR | 166.19 | 0.0100 | pay 0.0013% / 1h | 48m 44s | $102K | $74K | 10x |
| Short | Vest MSTR-USD-PERP | 166.41 | 0.0046 | get 0.0006% / 1h | 48m 44s | — | $1.7M | 25x |
Pacifica MSTR
Vest MSTR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Pacifica. 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
- −$11.41
- Price spread: +0.135% → −0.700%
- $83.52
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $62.11
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Pacifica: live order book, 61 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 Pacifica live order book, 61 min ago | 1.09 bp | 5.1 bp −$5 | doesn't fit | 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 | −0.581% | $7K | $28K | 30x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 166.29 | +0.063% | $4.9M | $17.6M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 166.28 | +0.057% | $32.0M | $105.4M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 166.32 | +0.081% | $2.8M | $86K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 166.17 | −0.009% | $3.5M | $1.7M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 166.11 | −0.044% | $509K | $1.8M | 10x | as long as short |
| Vest MSTR-USD-PERPshort | +0.0046% | 1h | 166.41 | +0.135% | — | $1.7M | 25x | |
| QFEX MSTR-USD | +0.0050% | 1h | 166.24 | +0.033% | $1.3M | $6.1M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 166.21 | +0.015% | $384K | $2.3M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 166.28 | +0.057% | $44K | $3K | 10x | as long as short |
Injective MSTR/USDC PERP
Gate MSTR_USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
QFEX MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 166.12 | −0.039% | $875K | $3.3M | 10x | as long as short |
| Nado MSTR-PERP | +0.0058% | 1h | 166.18 | −0.003% | $127K | $127K | 3x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0072% | 1h | 165.78 | −0.244% | $1.4M | $386K | 10x | as long as short |
| Pacifica MSTRlong | +0.0100% | 1h | 166.19 | long leg | $102K | $74K | 10x | |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 166.26 | +0.045% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 166.16 | −0.015% | $6K | $151K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 166.30 | +0.069% | $3K | $10K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 166.33 | +0.086% | $138 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0117% | 8h | 166.22 | +0.019% | $66 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0205% | 1h | 166.24 | +0.033% | $54.9M | $34.4M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0213% | 8h | 166.27 | +0.051% | $17.1M | $38.0M | 50x | as long as short |
| Aster MSTRUSDT | +0.0277% | 8h | 166.28 | +0.055% | $1.8M | $7.0M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0296% | 8h | 166.24 | +0.033% | $21.6M | $83.5M | 50x | as long as short |
| Phoenix MSTR | +0.0322% | 1h | 166.49 | +0.183% | $56K | $213K | 10x | as long as short |
| Variational Omni MSTR | +0.0364% | 8h | 166.38 | +0.119% | $1.2M | $1.7M | — | as long as short |
| RISEx MSTR/USDC | +0.0436% | 1h | 166.23 | +0.027% | $274K | $350K | 10x | as long as short |
| Binance MSTRUSDT | +0.0462% | 8h | 166.21 | +0.015% | $87.2M | $535.8M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0472% | 1h | 166.28 | +0.057% | $283K | $209K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0591% | 8h | 166.32 | +0.081% | $1.1M | $2.0M | 20x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0608% | 8h | 166.43 | +0.148% | $87K | $855K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0734% | 4h | 166.28 | +0.059% | $48K | $4.9M | 10x | as long as short |
| Arcus MSTR-USD | +0.0824% | 1h | 166.34 | +0.093% | $26K | $71K | 10x | as long as short |
Ondo Perps MSTR-USD.P
Nado MSTR-PERP
Coinbase International MSTR-PERP-INTX
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
Bybit MSTRUSDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Phoenix MSTR
Variational Omni MSTR
RISEx MSTR/USDC
Binance MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
BloFin MSTR-USDT
GRVT MSTR_USDT_Perp
edgeX MSTRUSDC
Arcus MSTR-USD