Funding you earn now, next payment 05:00 UTC+0.0231%/8h= +25.3% APRpaid last 24h +0.110%
Price spread now: RISEx against Phemex−0.023%7-day average −0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.350%+$35 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.023%, 7d avg −0.004%
=The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$7 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 | 164.12 | 0 | get 0.0000% / 4h | 3h 41m | $2.8M | $76K | 10x |
| Short | RISEx MSTR/USDC | 164.08 | 0.0231 | get 0.0029% / 1h | 41m 20s | $266K | $445K | 10x |
Phemex MSTRUSDT
RISEx MSTR/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $48.46
- Price spread: −0.023% → −0.004%
- −$1.93
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $28.53
- Costs to cover
- 0.180%
- Break-even
- 2.9 days
Slippage unknown: Phemex: live order book, 2 min ago; RISEx: live order book, 12 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, 2 min ago | 2.13 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell RISEx live order book, 12 min ago | 2.73 bp | 5.7 bp −$6 | 7.0 bp −$70 | 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 | −0.0891% | 8h | 164.32 | +0.122% | $27.8M | $115.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.99 | −0.079% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.22 | +0.061% | $4.6M | $18.9M | 50x | as long as short |
| Phemex MSTRUSDTlong | 0.0000% | 4h | 164.12 | long leg | $2.8M | $76K | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.96 | −0.094% | $593K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.181% | $8K | $26K | 30x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0037% | 8h | 164.19 | +0.043% | $20.6M | $99.5M | 50x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.33 | +0.128% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.96 | −0.097% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.06 | −0.037% | $380K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
OKX MSTR-USDT-SWAP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USD | +0.0050% | 1h | 164.08 | −0.024% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.07 | −0.030% | $853K | $3.9M | 10x | as long as short |
| Lighter MSTR | +0.0064% | 1h | 164.10 | −0.012% | $3.5M | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 164.13 | +0.006% | $1.4M | $7.3M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.08 | −0.023% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.01 | −0.067% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.24 | +0.073% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.99 | −0.079% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0101% | 8h | 164.45 | +0.199% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.02 | −0.060% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0136% | 8h | 164.12 | +0.001% | $66 | — | 5x | as long as short |
| Binance MSTRUSDT | +0.0157% | 8h | 164.12 | +0.003% | $86.7M | $615.9M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0167% | 8h | 164.42 | +0.181% | $75K | $803K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.96 | −0.097% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDCshort | +0.0231% | 1h | 164.08 | −0.023% | $266K | $445K | 10x | |
| tradeXYZ xyz:MSTR | +0.0246% | 1h | 164.08 | −0.024% | $54.7M | $37.0M | 10x | as long as short |
| Nado MSTR-PERP | +0.0255% | 1h | 164.09 | −0.020% | $121K | $148K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0278% | 8h | 164.32 | +0.122% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0330% | 8h | 164.15 | +0.018% | $16.7M | $40.8M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.53 | +0.251% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0787% | 1h | 164.08 | −0.024% | $279K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0797% | 4h | 164.29 | +0.102% | $49K | $5.3M | 10x | as long as short |
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Lighter MSTR
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC