Funding you earn now, next payment 08:00 UTC−0.0474%/8h= −51.9% APRnext payment −$0.59 per $10,000 · paid last 24h −0.048%
Price spread now: Extended against tradeXYZ−0.126%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 7 days+0.102%+$10 · spread now −0.126%, 7d avg −0.020%
=Together, before fees+0.045%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Extended is 0.105% cheaper against tradeXYZ than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.020%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSTR | 163.10 | 0.0506 | pay 0.0063% / 1h | 32m 46s | $53.9M | $37.6M | 10x |
| Short | Extended MSTR_24_5-USD | 162.89 | 0.0032 | get 0.0004% / 1h | 32m 46s | $502K | $2.0M | 10x |
tradeXYZ xyz:MSTR
Extended MSTR_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against tradeXYZ. 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
- −$99.56
- Price spread: −0.126% → −0.020%
- −$10.52
- Slippage, 4 orders
- −$14.68
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$147.77
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; Extended: live order book, 1 min ago.
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 tradeXYZ live order book, 7 min ago | 0.61 bp | 10.1 bp −$10 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 2.76 bp | 6.0 bp −$6 | 17.5 bp −$175 | 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 | −0.0389% | 8h | 163.27 | +0.104% | $29.4M | $119.1M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.16 | +0.037% | $4.7M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.25 | +0.092% | $2.7M | $83K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0005% | 4h | 163.47 | +0.230% | $46K | $5.4M | 10x | as long as short |
| Extended MSTR_24_5-USDshort | +0.0032% | 1h | 162.89 | −0.126% | $502K | $2.0M | 10x | |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.826% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.47 | +0.227% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.00 | −0.061% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.12 | +0.012% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.12 | +0.012% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
edgeX MSTRUSDC
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
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 | 162.98 | −0.074% | $864K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.13 | +0.018% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0080% | 8h | 163.16 | +0.037% | $1.8M | $8.7M | 50x | as long as short |
| Lighter MSTR | +0.0088% | 1h | 163.10 | 0.000% | $3.5M | $2.0M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.17 | +0.043% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.12 | +0.012% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.08 | −0.012% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.17 | +0.043% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.16 | +0.034% | $135 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 161.52 | −0.969% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0167% | 8h | 163.13 | +0.021% | $65 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0202% | 8h | 163.10 | 0.000% | $20.8M | $99.8M | 50x | as long as short |
| Variational Omni MSTR | +0.0203% | 8h | 163.25 | +0.094% | $1.2M | $2.0M | — | as long as short |
| Nado MSTR-PERP | +0.0266% | 1h | 163.03 | −0.040% | $125K | $165K | 3x | as long as short |
| Binance MSTRUSDT | +0.0275% | 8h | 163.11 | +0.006% | $84.1M | $621.3M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0281% | 8h | 163.33 | +0.141% | $85K | $836K | 10x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.26 | +0.099% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0395% | 8h | 163.14 | +0.025% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0415% | 8h | 163.11 | +0.006% | $17.1M | $41.7M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.23 | +0.081% | $265K | $417K | 10x | as long as short |
| tradeXYZ xyz:MSTRlong | +0.0506% | 1h | 163.10 | long leg | $53.9M | $37.6M | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.0670% | 1h | 163.19 | +0.055% | $278K | $437K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Aster MSTRUSDT
Lighter MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Nado MSTR-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL