MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h +0.084%

Price spread now: Arcus against Coinbase International+0.594%7-day average +0.097% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs+$9as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−0.599%−$60 · spread now +0.594%, 7d avg +0.097%

Together, before fees−0.630%−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.497% dearer against Coinbase International than usual: you sell high and buy low (spread +0.594% now, against its 7-day average of +0.097%): +$50 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 4 days (−0.030% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSTR-PERP-INTX	161.52	0.0168	pay 0.0021% / 1h	17m 59s	$1.4M	$1.1M	10x
Short	Arcus MSTR-USD	162.48	0.0040	get 0.0005% / 1h	17m 59s	$26K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now +0.594%Rate

Funding earned: −$26.82
Price spread: +0.594% → +0.097%: $49.74
Slippage, 4 orders: −$26.38
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$17.96
Costs to cover: 0.409%
Break-even: from the start

Slippage from Coinbase International: live order book, 1 min ago; Arcus: live order book, 30 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 Coinbase International live order book, 1 min ago	3.38 bp	10.4 bp −$10	15.8 bp −$158	doesn't fit	doesn't fit
Sell Arcus live order book, 30 min ago	7.32 bp	11.1 bp −$11	33.0 bp −$330	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	−0.1309%	8h	163.00	+0.916%	$27.1M	$118.2M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.87	+0.836%	$4.7M	$19.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.91	+0.861%	$2.7M	$77K	10x	as long as short
Aster MSTRUSDT	+0.0003%	8h	162.81	+0.797%	$1.8M	$8.7M	50x	as long as short
Vest MSTR-USD-PERP	+0.0021%	1h	162.44	+0.570%	—	$1.8M	25x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.69	+0.727%	$503K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.842%	$8K	$26K	30x	as long as short
Arcus MSTR-USDshort	+0.0040%	1h	162.48	+0.594%	$26K	$109K	10x
Polymarket Perps MSTR-USD	+0.0050%	1h	162.76	+0.768%	$376K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.75	+0.762%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.56	+0.644%	$866K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	162.67	+0.712%	$1.3M	$7.3M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	162.78	+0.777%	$264K	$443K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.69	+0.727%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.77	+0.774%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	161.80	+0.173%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.83	+0.811%	$4K	$9K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.83	+0.809%	$135	—	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0105%	8h	162.84	+0.817%	$20.6M	$100.4M	50x	as long as short
Variational Omni MSTR	+0.0130%	8h	162.23	+0.437%	$1.2M	$2.1M	—	as long as short
Lighter MSTR	+0.0144%	1h	162.81	+0.799%	$3.5M	$2.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0149%	8h	162.73	+0.752%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTXlong	+0.0168%	1h	161.52	long leg	$1.4M	$1.1M	10x
Binance MSTRUSDT	+0.0207%	8h	162.82	+0.805%	$83.5M	$628.0M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0214%	8h	161.97	+0.278%	$78K	$850K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0307%	1h	162.74	+0.755%	$54.1M	$37.2M	10x	as long as short
BloFin MSTR-USDT	+0.0326%	8h	162.68	+0.718%	$1.0M	$2.1M	20x	as long as short
Nado MSTR-PERP	+0.0353%	1h	162.64	+0.694%	$130K	$157K	3x	as long as short
Phoenix MSTR	+0.0362%	1h	162.32	+0.498%	$55K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0378%	8h	162.87	+0.836%	$16.7M	$41.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0611%	1h	162.81	+0.799%	$277K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0737%	4h	162.33	+0.503%	$45K	$5.4M	10x	as long as short