Funding you earn now, next payment 08:00 UTC−0.0393%/8h= −43.0% APRpaid last 24h −0.070%
Price spread now: Orderly against RISEx−0.083%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Orderly is 0.083% cheaper against RISEx than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx MSTR/USDC | 163.31 | 0.0493 | pay 0.0062% / 1h | 2m 07s | $268K | $419K | 10x |
| Short | Orderly PERP_MSTR_USDC_mythos | 163.18 | 0.0100 | get 0.0100% / 8h | 2m 07s | $2K | $13K | 10x |
RISEx MSTR/USDC
Orderly PERP_MSTR_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$82.55
- Price spread: −0.083% → 0.000%
- −$8.27
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$102.81
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: RISEx: live order book, 36 min ago; Orderly: 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, 36 min ago | 0.61 bp | 3.6 bp −$4 | 5.2 bp −$52 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0403% | 8h | 163.33 | +0.009% | $29.5M | $119.3M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.26 | −0.034% | $4.7M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.24 | −0.046% | $2.7M | $84K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.22 | −0.055% | $589K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.689% | $8K | $26K | 30x | as long as short |
| edgeX MSTRUSDC | +0.0036% | 4h | 163.01 | −0.187% | $46K | $5.4M | 10x | as long as short |
| Lighter MSTR | +0.0040% | 1h | 163.16 | −0.095% | $3.5M | $2.0M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.34 | +0.015% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.17 | −0.089% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.23 | −0.052% | $377K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
edgeX MSTRUSDC
Lighter MSTR
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 | 163.15 | −0.101% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.14 | −0.107% | $879K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.29 | −0.015% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0079% | 8h | 163.23 | −0.049% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.29 | −0.017% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.17 | −0.089% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.90 | −0.254% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythosshort | +0.0100% | 8h | 163.18 | −0.083% | $2K | $13K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.20 | −0.070% | $135 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0132% | 8h | 163.29 | −0.018% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 162.62 | −0.426% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0163% | 1h | 163.16 | −0.095% | $125K | $165K | 3x | as long as short |
| Variational Omni MSTR | +0.0196% | 8h | 163.14 | −0.105% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0202% | 8h | 163.20 | −0.070% | $20.8M | $99.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0263% | 8h | 163.05 | −0.162% | $82K | $859K | 10x | as long as short |
| Binance MSTRUSDT | +0.0272% | 8h | 163.22 | −0.058% | $84.0M | $620.6M | 50x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.27 | −0.028% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0390% | 8h | 163.37 | +0.034% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0399% | 8h | 163.19 | −0.077% | $17.1M | $41.7M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0418% | 1h | 163.16 | −0.095% | $53.9M | $37.7M | 10x | as long as short |
| RISEx MSTR/USDClong | +0.0493% | 1h | 163.31 | long leg | $268K | $419K | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.0608% | 1h | 163.26 | −0.034% | $278K | $437K | 10x | as long as short |
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Aster MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
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
Deribit MSTR_USDC-PERPETUAL