Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h +0.103%
Price spread now: RISEx against Vest+0.101%52s7-day average +0.790% · 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)+0.303%+$30 on $10k
+Price spread, last 4 days (all we have)−1.150%−$115 · spread now +0.101%, 7d avg +0.790%
=Together, before fees−0.847%+ Points / potential airdropVest: Active · farm board−$85 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and RISEx is 0.689% cheaper against Vest than usual: you would sell low and buy high (−$69 if the spread goes back to its 7-day average of +0.790%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.303%, so the current rate has only just turned against you. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 164.41 | 0.0046 | pay 0.0006% / 1h | 10m 40s | — | $1.7M | 25x |
| Short | RISEx MSTR/USDC | 164.58 | 0.0034 | get 0.0004% / 1h | 10m 40s | $267K | $448K | 10x |
Vest MSTR-USD-PERP
RISEx MSTR/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$2.45
- Price spread: +0.101% → +0.790%
- −$68.95
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$79.4
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; RISEx: live order book, 48 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 RISEx live order book, 48 min ago | 0.61 bp | 5.4 bp −$5 | 6.7 bp −$67 | 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 | −0.0940% | 8h | 164.66 | +0.152% | $27.9M | $115.1M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.48 | +0.040% | $1.8M | $8.5M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.75 | +0.207% | $4.6M | $18.8M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.51 | +0.061% | $2.8M | $74K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0013% | 8h | 164.60 | +0.116% | $20.6M | $99.5M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.42 | +0.006% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.41 | −0.003% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.999% | $8K | $26K | 30x | as long as short |
| RISEx MSTR/USDCshort | +0.0034% | 1h | 164.58 | +0.101% | $267K | $448K | 10x | |
| Arcus MSTR-USD | +0.0040% | 1h | 164.56 | +0.091% | $26K | $109K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERPlong | +0.0046% | 1h | 164.41 | long leg | — | $1.7M | 25x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.49 | +0.049% | $381K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.48 | +0.043% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.35 | −0.036% | $856K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 164.52 | +0.067% | $1.4M | $7.4M | 10x | as long as short |
| Variational Omni MSTR | +0.0080% | 8h | 164.56 | +0.094% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.50 | +0.058% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.41 | 0.000% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.36 | −0.030% | $6K | $186K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.50 | +0.055% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.51 | +0.059% | $137 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0132% | 8h | 164.48 | +0.045% | $66 | — | 5x | as long as short |
| Binance MSTRUSDT | +0.0143% | 8h | 164.59 | +0.109% | $87.4M | $615.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0160% | 8h | 164.53 | +0.073% | $76K | $780K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.12 | −0.176% | $1.4M | $1.1M | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.54 | +0.078% | $56K | $226K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0226% | 1h | 164.43 | +0.012% | $54.8M | $37.0M | 10x | as long as short |
| Nado MSTR-PERP | +0.0238% | 1h | 164.41 | −0.002% | $121K | $148K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0262% | 8h | 164.51 | +0.061% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0346% | 8h | 164.62 | +0.128% | $16.9M | $40.8M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0723% | 1h | 164.58 | +0.103% | $280K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0770% | 4h | 164.42 | +0.004% | $49K | $5.4M | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
tradeXYZ xyz:MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC