MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.021%

Price spread now: Pacifica against Coinbase International+0.360%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 3 days (all we have)−0.372%−$37 · spread now +0.360%, 7d avg +0.058%

Together, before fees−0.474%+ Points / potential airdropPacifica: Active · farm board−$47 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.302% dearer against Coinbase International than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSTR-PERP-INTX	168.75	0.0096	pay 0.0012% / 1h	2m 19s	$1.4M	$1.2M	10x
Short	Pacifica MSTR	169.36	0.0100	get 0.0013% / 1h	2m 19s	$105K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.360%Rate

Funding earned: $0.84
Price spread: +0.360% → +0.058%: $30.17
Slippage, 4 orders: −$22.19
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$9.18
Costs to cover: 0.402%
Break-even: 83.5 days

Slippage from Coinbase International: live order book, 1 min ago; Pacifica: live order book, 10 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	7.97 bp	13.3 bp −$13	17.7 bp −$177	doesn't fit	doesn't fit
Sell Pacifica live order book, 10 min ago	1.33 bp	8.6 bp −$9	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
Nado MSTR-PERP	−0.0043%	1h	169.36	+0.360%	$140K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.22	+0.279%	$1.3M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.36	+0.361%	$21.9M	$106.3M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.35	+0.356%	$4.7M	$19.6M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.00	+0.149%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.18	+0.255%	$2.9M	$66K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.41	+0.391%	$276K	$441K	10x	as long as short
Bitget MSTRUSDT	+0.0030%	8h	169.43	+0.403%	$28.8M	$119.8M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0030%	8h	169.13	+0.225%	$77K	$871K	10x	as long as short
Lighter MSTR	+0.0032%	1h	169.38	+0.373%	$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	169.32	+0.340%	$581K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.56	+0.480%	—	$2.1M	25x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.35	+0.356%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.36	+0.361%	$399K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.38	+0.373%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.29	+0.320%	$773K	$5.2M	10x	as long as short
Binance MSTRUSDT	+0.0052%	8h	169.43	+0.403%	$89.4M	$628.5M	50x	as long as short
Bybit MSTRUSDT	+0.0062%	8h	169.40	+0.385%	$15.2M	$40.3M	50x	as long as short
BloFin MSTR-USDT	+0.0064%	8h	169.50	+0.444%	$1.1M	$1.9M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0096%	8h	169.40	+0.386%	$68	—	5x	as long as short
Coinbase International MSTR-PERP-INTXlong	+0.0096%	1h	168.75	long leg	$1.4M	$1.2M	10x
Pacifica MSTRshort	+0.0100%	1h	169.36	+0.360%	$105K	$87K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	169.27	+0.308%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.06	+0.184%	$4K	$244K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.38	+0.373%	$3K	$10K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	168.88	+0.077%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.38	+0.371%	$141	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0125%	1h	169.37	+0.367%	$57.2M	$36.9M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.09	+0.199%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0382%	4h	169.04	+0.174%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0636%	1h	169.49	+0.439%	$288K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.45	+0.415%	$27K	$129K	10x	as long as short