Funding you earn now, next payment 06:00 UTC+0.0368%/8h= +40.3% APRpaid last 24h +0.170%
Price spread now: edgeX against Vest+0.242%7-day average +0.399% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.090%+$9 on $10k
+Price spread, last 7 days−0.253%−$25 · spread now +0.242%, 7d avg +0.399%
=Together, before fees−0.163%+ Points / potential airdropVest: Active · edgeX: Active · farm board−$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.157% cheaper against Vest than usual: you would sell low and buy high (spread +0.242% now, against its 7-day average of +0.399%). If the spread goes back, that is −$16 on $10k: about 34 hours of funding at the current rate (+$11 a day). At the pace of the last 3 days (+0.090% in total) that is about 6.0 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.090% in total (about 9.6% a year). A funding rate is set anew for every payment. 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 | Vest MSTR-USD-PERP | 161.38 | 0.0026 | pay 0.0003% / 1h | 23m 24s | — | $1.8M | 25x |
| Short | edgeX MSTRUSDC | 161.77 | 0.0394 | get 0.0197% / 4h | 2h 23m | $44K | $5.4M | 10x |
Vest MSTR-USD-PERP
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Vest. 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
- $77.22
- Price spread: +0.242% → +0.399%
- −$15.73
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $50.49
- Costs to cover
- 0.110%
- Break-even
- 2.4 days
Slippage unknown: Vest: no order-book sample; edgeX: live order book, 1 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 1 min ago | 5.56 bp | 10.6 bp −$11 | 17.8 bp −$178 | doesn't fit | doesn't fit |
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 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 | −0.1281% | 8h | 162.09 | +0.440% | $26.8M | $117.9M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 161.80 | +0.259% | $1.7M | $8.7M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 161.90 | +0.322% | $4.6M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 162.30 | +0.570% | $2.7M | $77K | 10x | as long as short |
| Vest MSTR-USD-PERPlong | +0.0026% | 1h | 161.38 | long leg | — | $1.8M | 25x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 161.62 | +0.149% | $500K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +4.932% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 162.03 | +0.403% | $26K | $109K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 161.72 | +0.211% | $373K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 161.95 | +0.353% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
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 | 161.69 | +0.192% | $863K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 161.80 | +0.260% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 161.76 | +0.235% | $262K | $443K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0096% | 8h | 161.76 | +0.235% | $20.4M | $99.5M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 161.90 | +0.321% | $99K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 161.72 | +0.211% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 161.54 | +0.099% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 161.98 | +0.372% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 161.97 | +0.363% | $134 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0121% | 8h | 161.70 | +0.200% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0144% | 1h | 161.87 | +0.304% | $3.4M | $2.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0147% | 8h | 161.89 | +0.316% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | +0.087% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0200% | 8h | 161.80 | +0.260% | $82.9M | $627.6M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0208% | 8h | 161.95 | +0.353% | $78K | $850K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0314% | 8h | 162.02 | +0.397% | $1.0M | $2.1M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0329% | 1h | 161.72 | +0.211% | $53.7M | $37.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0361% | 1h | 161.72 | +0.212% | $129K | $157K | 3x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 161.97 | +0.365% | $55K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0375% | 8h | 161.85 | +0.291% | $16.7M | $41.8M | 50x | as long as short |
| edgeX MSTRUSDCshort | +0.0394% | 4h | 161.77 | +0.242% | $44K | $5.4M | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.0924% | 1h | 162.09 | +0.440% | $276K | $438K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
RISEx MSTR/USDC
OKX MSTR-USDT-SWAP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Variational Omni MSTR
Lighter MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Nado MSTR-PERP
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL