Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%
Price spread now: Vest against Phemex−0.172%45s7-day average −0.910% · 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)+0.048%+$5 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.172%, 7d avg −0.910%
=Together, before fees+0.088%+ Points / potential airdropVest: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.739% dearer against Phemex than usual: you sell high and buy low: +$74 more if the spread goes back to its 7-day average of −0.910%. The two prices were read 45 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 | Phemex MSTRUSDT | 163.19 | 0 | get 0.0000% / 4h | 8m 36s | $2.7M | $84K | 10x |
| Short | Vest MSTR-USD-PERP | 162.91 | 0.0046 | get 0.0006% / 1h | 8m 36s | — | $1.8M | 25x |
Phemex MSTRUSDT
Vest MSTR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $9.59
- Price spread: −0.172% → −0.910%
- $73.86
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $69.46
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 5 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 Phemex live order book, 5 min ago | 5.82 bp | doesn't fit | 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 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 | −0.0441% | 8h | 163.29 | +0.061% | $29.4M | $119.2M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.20 | +0.006% | $4.7M | $19.6M | 50x | as long as short |
| Phemex MSTRUSDTlong | 0.0000% | 4h | 163.19 | long leg | $2.7M | $84K | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.94 | −0.156% | $591K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.769% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.17 | −0.012% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERPshort | +0.0046% | 1h | 162.91 | −0.172% | — | $1.8M | 25x | |
| Lighter MSTR | +0.0048% | 1h | 163.07 | −0.074% | $3.5M | $2.0M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.12 | −0.043% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.17 | −0.012% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Lighter MSTR
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.93 | −0.159% | $888K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.07 | −0.074% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0074% | 8h | 163.04 | −0.094% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.13 | −0.039% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.02 | −0.104% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.94 | −0.153% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.22 | +0.018% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.23 | +0.025% | $135 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0136% | 8h | 163.06 | −0.077% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 162.62 | −0.349% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0172% | 1h | 162.94 | −0.155% | $125K | $165K | 3x | as long as short |
| Variational Omni MSTR | +0.0197% | 8h | 163.01 | −0.111% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0200% | 8h | 163.05 | −0.086% | $20.8M | $99.7M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0266% | 8h | 163.09 | −0.063% | $82K | $859K | 10x | as long as short |
| Binance MSTRUSDT | +0.0268% | 8h | 163.08 | −0.069% | $83.8M | $620.2M | 50x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.17 | −0.013% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0389% | 8h | 163.26 | +0.043% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0402% | 8h | 163.07 | −0.074% | $17.1M | $41.7M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0434% | 1h | 163.09 | −0.061% | $53.9M | $37.7M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.12 | −0.043% | $268K | $419K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0541% | 4h | 163.03 | −0.099% | $46K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0731% | 1h | 163.24 | +0.031% | $278K | $437K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Aster MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
RISEx MSTR/USDC
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL