Funding you earn now, next payment 06:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.057%
Price spread now: Injective against RISEx+3.221%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 3.221% dearer against RISEx than usual: you sell high and buy low (spread +3.221% now, against zero (this spread has no 7-day history yet)): +$322 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx MSTR/USDC | 164.06 | 0.0088 | pay 0.0011% / 1h | 10m 41s | $264K | $444K | 10x |
| Short | Injective MSTR/USDC PERP | 169.34 | 0.0033 | get 0.0004% / 1h | 10m 41s | $8K | $26K | 30x |
RISEx MSTR/USDC
Injective MSTR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against RISEx. 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
- −$11.4
- Price spread: +3.221% → 0.000%
- $322.15
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $304.73
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: RISEx: live order book, 38 min ago; Injective: 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 RISEx live order book, 38 min ago | 0.31 bp | 3.3 bp −$3 | 4.5 bp −$45 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.1181% | 8h | 164.19 | +0.082% | $28.1M | $118.8M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.10 | +0.027% | $4.7M | $19.8M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.88 | −0.107% | $2.8M | $78K | 10x | as long as short |
| Aster MSTRUSDT | +0.0016% | 8h | 163.95 | −0.064% | $1.8M | $8.7M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0023% | 1h | 163.64 | −0.253% | — | $1.8M | 25x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.85 | −0.122% | $506K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERPshort | +0.0033% | 1h | 169.34 | +3.221% | $8K | $26K | 30x | |
| Arcus MSTR-USD | +0.0040% | 1h | 163.57 | −0.296% | $26K | $113K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.79 | −0.162% | $378K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.82 | −0.143% | $874K | $3.9M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Aster MSTRUSDT
Vest MSTR-USD-PERP
Extended MSTR_24_5-USD
Arcus MSTR-USD
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0054% | 1h | 164.00 | −0.034% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDClong | +0.0088% | 1h | 164.06 | long leg | $264K | $444K | 10x | |
| Pacifica MSTR | +0.0100% | 1h | 163.95 | −0.066% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.91 | −0.088% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.23 | −0.503% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.00 | −0.034% | $4K | $9K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.03 | −0.017% | $136 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0116% | 8h | 164.04 | −0.009% | $20.8M | $101.1M | 50x | as long as short |
| Variational Omni MSTR | +0.0144% | 8h | 163.96 | −0.060% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0144% | 1h | 163.92 | −0.082% | $3.5M | $2.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0146% | 8h | 163.98 | −0.043% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | −1.545% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0218% | 8h | 164.05 | −0.002% | $84.2M | $628.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0220% | 8h | 163.14 | −0.558% | $79K | $857K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0268% | 1h | 163.88 | −0.107% | $54.4M | $37.4M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0281% | 1h | 163.77 | −0.174% | $43K | $3K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0282% | 4h | 163.35 | −0.432% | $45K | $5.4M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0337% | 8h | 164.02 | −0.021% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0340% | 1h | 163.74 | −0.195% | $131K | $157K | 3x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.21 | −0.515% | $55K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0377% | 8h | 164.08 | +0.015% | $16.8M | $41.8M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0788% | 1h | 163.99 | −0.040% | $279K | $438K | 10x | as long as short |
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Lighter MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
tradeXYZ xyz:MSTR
SoDEX MSTR-USD
edgeX MSTRUSDC
BloFin MSTR-USDT
Nado MSTR-PERP
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL