MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0411%/8h= −45.0% APRnext payment −$0.51 per $10,000 · paid last 24h −0.084%

Price spread now: Vest against Arcus0.000%51s7-day average −0.944% · you sell dearer than you buy

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

Long on Arcus Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.080%−$8 on $10k

Price spread, last 3 days (all we have)+0.367%+$37 · spread now 0.000%, 7d avg −0.944%

Together, before fees+0.286%+ Points / potential airdropVest: Active · farm board+$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.944% dearer against Arcus than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.944%): +$94 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 7.7 days. At the pace of the last 3 days (−0.080% in total) that is about 37 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.080% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSTR-USD	168.76	0.0457	pay 0.0057% / 1h	26m 40s	$27K	$129K	10x
Short	Vest MSTR-USD-PERP	168.76	0.0046	get 0.0006% / 1h	26m 40s	—	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Arcus. 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 ArcusbpFee VestbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$86.32
Price spread: 0.000% → −0.944%: $94.41
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Vest: 1 bp × 2 orders: −$2
Net: $1.59
Costs to cover: 0.065%
Break-even: from the start

Slippage unknown: Arcus: live order book, 56 min ago; Vest: 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, 56 min ago	5.60 bp	12.5 bp −$12	39.4 bp −$394	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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
Nado MSTR-PERP	−0.0116%	1h	168.63	−0.080%	$139K	$97K	3x	as long as short
BloFin MSTR-USDT	−0.0014%	8h	168.81	+0.030%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.71	−0.031%	$1.2M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	168.74	−0.009%	$88.2M	$629.2M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.70	−0.036%	$22.0M	$106.6M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	168.71	−0.030%	$275K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.67	−0.053%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	168.91	+0.088%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.84	+0.046%	$83K	$935K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.85	+0.053%	$2.9M	$62K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	+0.0025%	8h	168.73	−0.018%	$28.8M	$119.8M	25x	as long as short
Lighter MSTR	+0.0032%	1h	168.66	−0.059%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.68	−0.050%	$585K	$1.8M	10x	as long as short
QFEX MSTR-USD	+0.0042%	1h	168.70	−0.036%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERPshort	+0.0046%	1h	168.76	0.000%	—	$2.1M	25x
Polymarket Perps MSTR-USD	+0.0050%	1h	168.70	−0.036%	$398K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.73	−0.018%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.77	+0.006%	$744K	$5.2M	10x	as long as short
Bybit MSTRUSDT	+0.0052%	8h	168.74	−0.012%	$15.1M	$40.9M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.66	−0.059%	$1.5M	$1.2M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0065%	1h	168.72	−0.024%	$56.8M	$38.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0068%	8h	168.71	−0.030%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.72	−0.027%	$103K	$114K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.70	−0.036%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.73	−0.018%	$4K	$552K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.74	−0.012%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.72	−0.024%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	168.69	−0.041%	$56K	$394K	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.29	+0.314%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0351%	4h	168.76	−0.003%	$47K	$5.4M	10x	as long as short
Arcus MSTR-USDlong	+0.0457%	1h	168.76	long leg	$27K	$129K	10x
Deribit MSTR_USDC-PERPETUAL	+0.0580%	1h	168.83	+0.041%	$287K	$439K	10x	as long as short