Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.037%
Price spread now: Gate against Phemex+0.018%7-day average −0.023% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.440%+$44 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.018%, 7d avg −0.023%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.042% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MSTRUSDT | 163.11 | 0 | get 0.0000% / 4h | 12m 12s | $2.7M | $84K | 10x |
| Short | Gate MSTR_USDT | 163.14 | 0 | get 0.0000% / 8h | 12m 12s | $4.7M | $19.6M | 50x |
Phemex MSTRUSDT
Gate MSTR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: +0.018% → −0.023%
- $4.16
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$22.84
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 1 min ago; Gate: live order book, 2 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, 1 min ago | 5.82 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 2.14 bp | 18.6 bp −$19 | 39.9 bp −$399 | doesn't fit | doesn't fit |
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 | −0.0457% | 8h | 163.19 | +0.049% | $29.5M | $119.1M | 25x | as long as short |
| Gate MSTR_USDTshort | 0.0000% | 8h | 163.14 | +0.018% | $4.7M | $19.6M | 50x | |
| Phemex MSTRUSDTlong | 0.0000% | 4h | 163.11 | long leg | $2.7M | $84K | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.96 | −0.092% | $591K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.820% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.09 | −0.012% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.91 | −0.123% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.02 | −0.055% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.07 | −0.025% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.91 | −0.123% | $897K | $3.7M | 10x | as long as short |
Bitget MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0064% | 1h | 163.02 | −0.055% | $3.5M | $2.0M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.08 | −0.018% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0078% | 8h | 163.09 | −0.015% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.09 | −0.015% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.00 | −0.067% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.75 | −0.221% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.09 | −0.012% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.08 | −0.020% | $135 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 162.62 | −0.300% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0143% | 8h | 163.07 | −0.025% | $65 | — | 5x | as long as short |
| Nado MSTR-PERP | +0.0181% | 1h | 162.99 | −0.074% | $125K | $165K | 3x | as long as short |
| Variational Omni MSTR | +0.0199% | 8h | 162.87 | −0.147% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0200% | 8h | 163.06 | −0.031% | $20.8M | $99.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0270% | 8h | 162.90 | −0.129% | $79K | $849K | 10x | as long as short |
| Binance MSTRUSDT | +0.0272% | 8h | 163.03 | −0.049% | $83.8M | $620.3M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0324% | 4h | 162.80 | −0.193% | $46K | $5.4M | 10x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.12 | +0.006% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0392% | 8h | 163.11 | 0.000% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0406% | 8h | 163.05 | −0.037% | $17.1M | $41.7M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0446% | 1h | 163.06 | −0.031% | $53.9M | $37.7M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0486% | 1h | 163.09 | −0.012% | $277K | $437K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.13 | +0.009% | $268K | $419K | 10x | as long as short |
Lighter MSTR
QFEX MSTR-USD
Aster MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Nado MSTR-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
edgeX MSTRUSDC
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Deribit MSTR_USDC-PERPETUAL
RISEx MSTR/USDC