MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.094%

Price spread now: Extended against Arcus−0.106%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Arcus Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.106%, 7d avg −0.093%

Together, before fees+0.004%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSTR-USD	164.74	0.0040	pay 0.0005% / 1h	57m 18s	$26K	$109K	10x
Short	Extended MSTR_24_5-USD	164.56	0.0032	get 0.0004% / 1h	57m 18s	$594K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 ArcusbpFee ExtendedbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$1.74
Price spread: −0.106% → −0.093%: −$1.32
Slippage, 4 orders: −$28.74
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$41.3
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from Arcus: live order book, 61 min ago; Extended: live order book, 1 min ago.

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 Arcus live order book, 61 min ago	7.57 bp	11.1 bp −$11	44.9 bp −$449	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	2.73 bp	8.6 bp −$9	67.7 bp −$677	doesn't fit	doesn't fit

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	−0.0906%	8h	164.80	+0.036%	$27.9M	$115.2M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.63	−0.066%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.76	+0.012%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.76	+0.012%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0024%	8h	164.72	−0.012%	$20.7M	$99.7M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.69	−0.030%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USDshort	+0.0032%	1h	164.56	−0.106%	$594K	$1.9M	10x
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.792%	$8K	$26K	30x	as long as short
Arcus MSTR-USDlong	+0.0040%	1h	164.74	long leg	$26K	$109K	10x
Vest MSTR-USD-PERP	+0.0046%	1h	164.66	−0.049%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.64	−0.061%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.66	−0.049%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.51	−0.140%	$859K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.71	−0.018%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0097%	8h	164.61	−0.081%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.68	−0.035%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.64	−0.061%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.62	−0.073%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.67	−0.042%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.71	−0.019%	$137	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0127%	1h	164.66	−0.049%	$54.8M	$37.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0140%	8h	164.70	−0.023%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.71	−0.018%	$87.0M	$615.6M	50x	as long as short
edgeX MSTRUSDC	+0.0159%	4h	164.73	−0.003%	$49K	$5.3M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.376%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0179%	8h	164.77	+0.021%	$82K	$792K	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.76	+0.010%	$56K	$226K	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.74	0.000%	$267K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0231%	1h	164.60	−0.085%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	164.79	+0.030%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0345%	8h	164.74	0.000%	$17.0M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0661%	1h	164.72	−0.012%	$280K	$438K	10x	as long as short