MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0171%/8h= −18.8% APRnext payment −$0.21 per $10,000 · paid last 24h −0.056%

Price spread now: Vest against tradeXYZ+0.073%7-day average −0.852% · you sell dearer than you buy

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

Long on tradeXYZ Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.110%−$11 on $10k

Price spread, last 4 days (all we have)+1.211%+$121 · spread now +0.073%, 7d avg −0.852%

Together, before fees+1.101%+ Points / potential airdroptradeXYZ: Active · Vest: Active · farm board+$110 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.924% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of −0.852%): +$92 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	164.78	0.0217	pay 0.0027% / 1h	12m 55s	$55.2M	$36.9M	10x
Short	Vest MSTR-USD-PERP	164.90	0.0046	get 0.0006% / 1h	12m 55s	—	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against tradeXYZ. 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 tradeXYZbpFee VestbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$35.97
Price spread: +0.073% → −0.852%: $92.45
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Vest: 1 bp × 2 orders: −$2
Net: $36.47
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: tradeXYZ: live order book, 7 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 tradeXYZ live order book, 7 min ago	0.30 bp	9.3 bp −$9	11.3 bp −$113	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 31 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	−0.1084%	8h	164.96	+0.109%	$27.5M	$115.7M	25x	as long as short
Gate MSTR_USDT	−0.0197%	8h	164.88	+0.061%	$4.6M	$19.1M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.88	+0.061%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.86	+0.049%	$20.9M	$100.8M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.89	+0.067%	$270K	$447K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.84	+0.036%	$2.8M	$69K	10x	as long as short
Variational Omni MSTR	+0.0002%	8h	164.84	+0.039%	$1.2M	$2.1M	—	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.69	−0.058%	$594K	$2.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.90	+0.073%	$27K	$113K	10x	as long as short
Vest MSTR-USD-PERPshort	+0.0046%	1h	164.90	+0.073%	—	$1.8M	25x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	164.85	+0.042%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.73	−0.030%	$910K	$4.5M	10x	as long as short
Lighter MSTR	+0.0056%	1h	164.77	−0.006%	$3.5M	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.93	+0.091%	$1.4M	$8.1M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0069%	1h	164.78	0.000%	$385K	$2.7M	10x	as long as short
Binance MSTRUSDT	+0.0078%	8h	164.90	+0.073%	$87.9M	$623.8M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.94	+0.094%	$101K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.73	−0.030%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.69	−0.055%	$4K	$188K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.83	+0.030%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.82	+0.025%	$137	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.76	−0.012%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0169%	8h	164.91	+0.077%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0190%	8h	164.89	+0.067%	$79K	$760K	10x	as long as short
tradeXYZ xyz:MSTRlong	+0.0217%	1h	164.78	long leg	$55.2M	$36.9M	10x
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.767%	$8K	$26K	30x	as long as short
Nado MSTR-PERP	+0.0355%	1h	164.87	+0.056%	$122K	$150K	3x	as long as short
Bybit MSTRUSDT	+0.0367%	8h	164.92	+0.085%	$17.1M	$41.2M	50x	as long as short
Phoenix MSTR	+0.0381%	1h	164.86	+0.047%	$55K	$219K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0539%	1h	164.88	+0.061%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0608%	4h	164.81	+0.016%	$50K	$5.5M	10x	as long as short