MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0634%/8h= −69.4% APRnext payment −$0.79 per $10,000 · paid last 24h −0.044%

Price spread now: Injective against Arcus−0.407%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Injective is 0.407% cheaper against Arcus than usual: you would sell low and buy high (−$41 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSTR-USD	169.57	0.0738	pay 0.0092% / 1h	0m 34s	$27K	$129K	10x
Short	Injective MSTR/USDC PERP	168.88	0.0104	get 0.0013% / 1h	0m 34s	$13K	$21K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.407%Rate

Funding earned: −$133.1
Price spread: −0.407% → 0.000%: −$40.69
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$178.31
Costs to cover: 0.045%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 12 min ago; Injective: 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 Arcus live order book, 12 min ago	6.51 bp	12.8 bp −$13	40.0 bp −$400	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Nado MSTR-PERP	−0.0044%	1h	169.41	−0.096%	$140K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.23	−0.199%	$1.3M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.53	−0.024%	$21.9M	$106.4M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.46	−0.065%	$4.7M	$19.6M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.44	−0.075%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.31	−0.153%	$2.9M	$66K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.53	−0.024%	$276K	$441K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0030%	8h	169.13	−0.259%	$77K	$871K	10x	as long as short
Bitget MSTRUSDT	+0.0031%	8h	169.50	−0.041%	$28.7M	$119.8M	25x	as long as short
Lighter MSTR	+0.0032%	1h	169.47	−0.059%	$3.6M	$2.4M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USD	+0.0032%	1h	169.40	−0.103%	$581K	$1.8M	10x	as long as short
BloFin MSTR-USDT	+0.0037%	8h	169.60	+0.018%	$1.1M	$1.9M	20x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.62	+0.029%	—	$2.1M	25x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.50	−0.041%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.44	−0.077%	$400K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.51	−0.035%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.23	−0.201%	$764K	$5.2M	10x	as long as short
Bybit MSTRUSDT	+0.0061%	8h	169.56	−0.006%	$15.2M	$40.3M	50x	as long as short
Binance MSTRUSDT	+0.0062%	8h	169.55	−0.012%	$89.4M	$628.5M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0094%	8h	169.47	−0.061%	$68	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.484%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.53	−0.026%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.31	−0.153%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.15	−0.248%	$4K	$224K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.34	−0.136%	$3K	$10K	10x	as long as short
Injective MSTR/USDC PERPshort	+0.0104%	1h	168.88	−0.407%	$13K	$21K	30x
Aevo MSTR-PERP	+0.0104%	1h	169.34	−0.134%	$141	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0123%	1h	169.45	−0.071%	$57.2M	$36.9M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.45	−0.071%	$57K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0458%	1h	169.54	−0.018%	$288K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0628%	4h	169.42	−0.088%	$48K	$5.5M	10x	as long as short
Arcus MSTR-USDlong	+0.0738%	1h	169.57	long leg	$27K	$129K	10x