MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%

Price spread now: Vest against QFEX−0.196%7-day average −0.365% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$3 on $10k

Price spread, last 7 days+0.251%+$25 · spread now −0.196%, 7d avg −0.365%

Together, before fees+0.277%+ Points / potential airdropVest: Active · farm board+$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.169% dearer against QFEX than usual: you sell high and buy low (spread −0.196% now, against its 7-day average of −0.365%): +$17 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 51 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSTR-USD	163.27	0.0057	pay 0.0007% / 1h	25m 39s	$1.3M	$7.2M	10x
Short	Vest MSTR-USD-PERP	162.95	0.0046	get 0.0006% / 1h	25m 39s	—	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee VestbpOrdersPrice spread, now −0.196%Rate

Funding earned: −$2.32
Price spread: −0.196% → −0.365%: $16.85
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: $2.54
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: QFEX: live order book, 8 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 QFEX live order book, 8 min ago	2.15 bp	7.2 bp −$7	7.5 bp −$75	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	−0.0932%	8h	163.53	+0.159%	$28.9M	$118.8M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.46	+0.116%	$4.7M	$19.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.28	+0.006%	$2.7M	$79K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.27	0.000%	$508K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.718%	$8K	$26K	30x	as long as short
Aster MSTRUSDT	+0.0037%	8h	163.18	−0.058%	$1.8M	$8.7M	50x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.01	−0.159%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERPshort	+0.0046%	1h	162.95	−0.196%	—	$1.8M	25x
Polymarket Perps MSTR-USD	+0.0050%	1h	163.22	−0.031%	$378K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.24	−0.018%	$43K	$3K	10x	as long as short

Show 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	162.83	−0.269%	$857K	$3.9M	10x	as long as short
QFEX MSTR-USDlong	+0.0057%	1h	163.27	long leg	$1.3M	$7.2M	10x
Pacifica MSTR	+0.0100%	1h	163.36	+0.056%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.21	−0.037%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.70	−0.349%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.30	+0.018%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.31	+0.021%	$136	—	10x	as long as short
Lighter MSTR	+0.0152%	1h	163.36	+0.055%	$3.5M	$2.0M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−1.072%	$1.4M	$1.1M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0154%	8h	163.42	+0.092%	$20.8M	$100.5M	50x	as long as short
Variational Omni MSTR	+0.0158%	8h	163.34	+0.041%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0168%	8h	163.34	+0.042%	$65	—	5x	as long as short
Binance MSTRUSDT	+0.0236%	8h	163.38	+0.067%	$84.0M	$627.6M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0242%	8h	162.87	−0.245%	$77K	$878K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0276%	1h	163.28	+0.006%	$54.2M	$37.4M	10x	as long as short
Phoenix MSTR	+0.0328%	1h	162.77	−0.306%	$55K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0352%	8h	163.17	−0.061%	$1.0M	$2.1M	20x	as long as short
Nado MSTR-PERP	+0.0357%	1h	163.04	−0.141%	$130K	$157K	3x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	163.32	+0.030%	$265K	$428K	10x	as long as short
Bybit MSTRUSDT	+0.0388%	8h	163.39	+0.073%	$16.8M	$41.8M	50x	as long as short
edgeX MSTRUSDC	+0.0496%	4h	162.92	−0.217%	$46K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1160%	1h	163.37	+0.061%	$278K	$437K	10x	as long as short