MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: Extended against Vest−0.123%7-day average +0.840% · you buy dearer than you sell

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

Long on Vest Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.115%+$11 on $10k

Price spread, last 3 days (all we have)−0.208%−$21 · spread now −0.123%, 7d avg +0.840%

Together, before fees−0.094%+ Points / potential airdropVest: Active · Extended: Active · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.963% cheaper against Vest than usual: you would sell low and buy high, −$96 on $10k if it goes back to its 7-day average of +0.840%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSTR-USD-PERP	169.35	0.0046	pay 0.0006% / 1h	38m 53s	—	$2.1M	25x
Short	Extended MSTR_24_5-USD	169.14	0.0048	get 0.0006% / 1h	38m 53s	$583K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Vest. 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 VestbpFee ExtendedbpOrdersPrice spread, now −0.123%Rate

Funding earned: $0.49
Price spread: −0.123% → +0.840%: −$96.31
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$102.83
Costs to cover: 0.070%
Break-even: 1484.4 days

Slippage unknown: Vest: no order-book sample; Extended: live order book, 5 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 Extended live order book, 5 min ago	1.77 bp	5.9 bp −$6	17.1 bp −$171	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
Aster MSTRUSDT	0.0000%	8h	169.26	−0.055%	$1.3M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.15	−0.118%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.42	+0.044%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.42	+0.041%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.21	−0.083%	$276K	$442K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0025%	8h	169.19	−0.094%	$22.1M	$106.5M	50x	as long as short
Vest MSTR-USD-PERPlong	+0.0046%	1h	169.35	long leg	—	$2.1M	25x
Extended MSTR_24_5-USDshort	+0.0048%	1h	169.14	−0.123%	$583K	$1.8M	10x
QFEX MSTR-USD	+0.0049%	1h	169.23	−0.071%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.18	−0.100%	$389K	$2.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	169.15	−0.118%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.19	−0.094%	$782K	$5.2M	10x	as long as short
Nado MSTR-PERP	+0.0053%	1h	169.12	−0.133%	$139K	$97K	3x	as long as short
GRVT MSTR_USDT_Perp	+0.0053%	8h	169.43	+0.047%	$77K	$879K	10x	as long as short
Bitget MSTRUSDT	+0.0063%	8h	169.15	−0.118%	$28.7M	$120.0M	25x	as long as short
Binance MSTRUSDT	+0.0066%	8h	169.21	−0.083%	$89.2M	$628.9M	50x	as long as short
BloFin MSTR-USDT	+0.0080%	8h	169.20	−0.089%	$1.1M	$1.8M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	169.32	−0.018%	$1.5M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.12	−0.135%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.14	−0.124%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.16	−0.112%	$4K	$357K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.17	−0.106%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.08	−0.159%	$13K	$21K	30x	as long as short
Lighter MSTR	+0.0104%	1h	169.13	−0.130%	$3.6M	$2.4M	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.18	−0.098%	$140	—	10x	as long as short
Bybit MSTRUSDT	+0.0110%	8h	169.24	−0.065%	$15.2M	$40.5M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0144%	8h	169.20	−0.086%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0210%	1h	169.16	−0.112%	$57.1M	$37.1M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.36	+0.008%	$57K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0519%	1h	169.22	−0.077%	$288K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.32	−0.018%	$27K	$129K	10x	as long as short
edgeX MSTRUSDC	+0.0874%	4h	169.41	+0.034%	$47K	$5.5M	10x	as long as short