MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.082%

Price spread now: Pacifica against Arcus−0.036%7-day average −0.027% · 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−$42as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Arcus Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now −0.036%, 7d avg −0.027%

Together, before fees+0.028%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSTR-USD	164.52	0.0040	pay 0.0005% / 1h	2m 18s	$26K	$109K	10x
Short	Pacifica MSTR	164.46	0.0100	get 0.0013% / 1h	2m 18s	$101K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.036%Rate

Funding earned: $12.54
Price spread: −0.036% → −0.027%: −$0.96
Slippage, 4 orders: −$28.28
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$29.19
Costs to cover: 0.408%
Break-even: 23.3 days

Slippage from Arcus: live order book, 56 min ago; Pacifica: live order book, 55 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, 56 min ago	7.57 bp	11.1 bp −$11	44.9 bp −$449	doesn't fit	doesn't fit
Sell Pacifica live order book, 55 min ago	0.03 bp	13.1 bp −$13	doesn't fit	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	−0.0933%	8h	164.64	+0.073%	$27.9M	$115.1M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.53	+0.004%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.54	+0.012%	$4.6M	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.52	0.000%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0019%	8h	164.54	+0.012%	$20.6M	$99.5M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.45	−0.043%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.33	−0.112%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.930%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.49	−0.018%	$267K	$445K	10x	as long as short
Arcus MSTR-USDlong	+0.0040%	1h	164.52	long leg	$26K	$109K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.36	−0.097%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.44	−0.049%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.49	−0.018%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.33	−0.115%	$851K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.48	−0.024%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0089%	8h	164.36	−0.100%	$1.2M	$2.1M	—	as long as short
Pacifica MSTRshort	+0.0100%	1h	164.46	−0.036%	$101K	$83K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	164.41	−0.067%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.24	−0.170%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.50	−0.012%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.50	−0.010%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.47	−0.032%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0152%	8h	164.52	0.000%	$86.9M	$615.6M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0162%	8h	164.48	−0.024%	$82K	$792K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.243%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.33	−0.113%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0233%	1h	164.48	−0.024%	$54.8M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0243%	1h	164.42	−0.063%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0271%	8h	164.55	+0.018%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0348%	8h	164.55	+0.018%	$16.9M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0784%	1h	164.53	+0.006%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0855%	4h	164.38	−0.086%	$49K	$5.4M	10x	as long as short