Funding you earn now, next payment 02:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h −0.018%
Price spread now: Injective against tradeXYZ+3.199%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 3.199% dearer against tradeXYZ than usual: you sell high and buy low, +$320 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSTR | 164.09 | 0.0346 | pay 0.0043% / 1h | 36m 48s | $55.3M | $36.3M | 10x |
| Short | Injective MSTR/USDC PERP | 169.34 | 0.0341 | get 0.0043% / 1h | 36m 48s | $8K | $26K | 30x |
tradeXYZ xyz:MSTR
Injective MSTR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$0.99
- Price spread: +3.199% → 0.000%
- $319.95
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $300.94
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago | 0.61 bp | 10.2 bp −$10 | 13.1 bp −$131 | 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 | −0.0800% | 8h | 164.29 | +0.122% | $27.1M | $116.1M | 25x | as long as short |
| Gate MSTR_USDT | −0.0239% | 8h | 164.20 | +0.067% | $4.6M | $18.9M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.19 | +0.064% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.16 | +0.043% | $20.8M | $100.8M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 164.24 | +0.090% | $269K | $436K | 10x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 164.35 | +0.158% | $1.2M | $2.1M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 164.19 | +0.064% | $75K | $810K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.30 | +0.128% | $2.8M | $67K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0011% | 8h | 165.55 | +0.890% | $1.1M | $1.9M | 20x | as long as short |
| edgeX MSTRUSDC | +0.0016% | 4h | 163.85 | −0.148% | $48K | $5.5M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDT
edgeX MSTRUSDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MSTRUSDT | +0.0018% | 8h | 164.21 | +0.073% | $87.2M | $626.8M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.04 | −0.027% | $596K | $2.0M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.23 | +0.085% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.02 | −0.043% | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.09 | 0.000% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.85 | −0.146% | $884K | $4.8M | 10x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 164.34 | +0.152% | $1.4M | $8.5M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.22 | +0.078% | $101K | $86K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.09 | 0.000% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.80 | −0.177% | $4K | $203K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.12 | +0.018% | $3K | $7K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.13 | +0.026% | $136 | — | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0122% | 1h | 164.25 | +0.098% | $381K | $2.7M | 10x | as long as short |
| Lighter MSTR | +0.0128% | 1h | 164.12 | +0.018% | $3.5M | $1.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0164% | 8h | 164.17 | +0.051% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.04 | −0.030% | $1.4M | $1.1M | 10x | as long as short |
| Injective MSTR/USDC PERPshort | +0.0341% | 1h | 169.34 | +3.199% | $8K | $26K | 30x | |
| tradeXYZ xyz:MSTRlong | +0.0346% | 1h | 164.09 | long leg | $55.3M | $36.3M | 10x | |
| Phoenix MSTR | +0.0381% | 1h | 164.13 | +0.024% | $55K | $219K | 10x | as long as short |
| Nado MSTR-PERP | +0.0403% | 1h | 164.06 | −0.020% | $111K | $143K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0440% | 8h | 164.22 | +0.079% | $17.2M | $41.3M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0786% | 1h | 164.22 | +0.079% | $279K | $438K | 10x | as long as short |
Binance MSTRUSDT
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Polymarket Perps MSTR-USD
Lighter MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
Nado MSTR-PERP
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL