Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.067%
Price spread now: Binance against Phemex−0.018%7-day average −0.024% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.239%+$24 on $10k
+Price spread, last 2 days (all we have)−0.046%−$5 · spread now −0.018%, 7d avg −0.024%
=The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MSTRUSDT | 169.66 | 0 | get 0.0000% / 4h | 45m 19s | $2.9M | $65K | 10x |
| Short | Binance MSTRUSDT | 169.63 | 0.0038 | get 0.0038% / 8h | 45m 19s | $89.5M | $628.8M | 50x |
Phemex MSTRUSDT
Binance MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $7.97
- Price spread: −0.018% → −0.024%
- $0.64
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$13.39
- Costs to cover
- 0.220%
- Break-even
- 18.8 days
Slippage unknown: Phemex: live order book, 3 min ago; Binance: live order book, 14 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 Phemex live order book, 3 min ago | 9.13 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.29 bp | 5.7 bp −$6 | 8.5 bp −$85 | 26.1 bp −$2,615 | 116.5 bp −$58.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | 0.0000% | 8h | 169.51 | −0.088% | $1.3M | $6.1M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.57 | −0.053% | $4.8M | $19.3M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.63 | −0.015% | $1.2M | $2.4M | — | as long as short |
| Phemex MSTRUSDTlong | 0.0000% | 4h | 169.66 | long leg | $2.9M | $65K | 10x | |
| RISEx MSTR/USDC | +0.0001% | 1h | 169.69 | +0.017% | $276K | $442K | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0004% | 8h | 169.42 | −0.140% | $83K | $875K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0017% | 8h | 169.63 | −0.018% | $22.1M | $106.8M | 50x | as long as short |
| BloFin MSTR-USDT | +0.0032% | 8h | 169.61 | −0.029% | $1.1M | $1.8M | 20x | as long as short |
| Binance MSTRUSDTshort | +0.0038% | 8h | 169.63 | −0.018% | $89.5M | $628.8M | 50x | |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.73 | +0.041% | — | $2.1M | 25x | as long as short |
Aster MSTRUSDT
Gate MSTR_USDT
Variational Omni MSTR
RISEx MSTR/USDC
GRVT MSTR_USDT_Perp
OKX MSTR-USDT-SWAP
BloFin MSTR-USDT
Vest MSTR-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0049% | 1h | 169.65 | −0.006% | $1.5M | $10.2M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.53 | −0.077% | $394K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.57 | −0.053% | $45K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.51 | −0.088% | $781K | $5.2M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0061% | 8h | 169.58 | −0.047% | $28.7M | $120.0M | 25x | as long as short |
| Extended MSTR_24_5-USD | +0.0064% | 1h | 169.36 | −0.178% | $583K | $1.8M | 10x | as long as short |
| Nado MSTR-PERP | +0.0065% | 1h | 169.43 | −0.136% | $140K | $97K | 3x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0096% | 1h | 169.32 | −0.200% | $1.5M | $1.2M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.58 | −0.049% | $105K | $87K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.40 | −0.153% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.21 | −0.265% | $4K | $357K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.58 | −0.047% | $3K | $11K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0104% | 1h | 169.08 | −0.342% | $13K | $21K | 30x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.57 | −0.055% | $141 | — | 10x | as long as short |
| Bybit MSTRUSDT | +0.0106% | 8h | 169.66 | 0.000% | $15.2M | $40.5M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0137% | 8h | 169.68 | +0.010% | $68 | — | 5x | as long as short |
| Lighter MSTR | +0.0144% | 1h | 169.56 | −0.059% | $3.6M | $2.4M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0195% | 1h | 169.58 | −0.047% | $57.2M | $37.5M | 10x | as long as short |
| Phoenix MSTR | +0.0260% | 1h | 169.50 | −0.092% | $57K | $392K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0491% | 4h | 169.40 | −0.155% | $47K | $5.5M | 10x | as long as short |
| Arcus MSTR-USD | +0.0738% | 1h | 169.67 | +0.006% | $27K | $129K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1226% | 1h | 169.66 | 0.000% | $289K | $438K | 10x | as long as short |
QFEX MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Bitget MSTRUSDT
Extended MSTR_24_5-USD
Nado MSTR-PERP
Coinbase International MSTR-PERP-INTX
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Injective MSTR/USDC PERP
Aevo MSTR-PERP
Bybit MSTRUSDT
Paradex MSTR-USD-PERP
Lighter MSTR
tradeXYZ xyz:MSTR
Phoenix MSTR
edgeX MSTRUSDC
Arcus MSTR-USD
Deribit MSTR_USDC-PERPETUAL