MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0280%/8h= +30.7% APRnext payment +$0.35 per $10,000 · paid last 24h +0.062%

Price spread now: RISEx against Coinbase International+0.053%7-day average +0.134% · 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−$41as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Coinbase International Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.185%+$18 on $10k

Price spread, last 4 days (all we have)+0.258%+$26 · spread now +0.053%, 7d avg +0.134%

Together, before fees+0.443%+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.080% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.053% now, against its 7-day average of +0.134%). If the spread goes back, that is −$8 on $10k: about 23 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSTR-PERP-INTX	162.62	0.0120	pay 0.0015% / 1h	31m 10s	$1.4M	$1.1M	10x
Short	RISEx MSTR/USDC	162.71	0.0400	get 0.0050% / 1h	31m 10s	$267K	$399K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.053%Rate

Funding earned: $58.86
Price spread: +0.053% → +0.134%: −$8.02
Slippage, 4 orders: −$16.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $18.25
Costs to cover: 0.326%
Break-even: 4.8 days

Slippage from Coinbase International: live order book, 2 min ago; RISEx: live order book, 2 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, 2 min ago	6.14 bp	11.1 bp −$11	17.5 bp −$175	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	2.15 bp	5.1 bp −$5	7.4 bp −$74	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	−0.0032%	8h	162.69	+0.043%	$30.5M	$118.1M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.73	+0.068%	$4.7M	$18.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.70	+0.049%	$2.7M	$86K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.52	−0.061%	$590K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.132%	$8K	$25K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.78	+0.098%	$26K	$114K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.58	−0.025%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.64	+0.012%	$376K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.63	+0.006%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.52	−0.061%	$901K	$3.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0061%	1h	162.65	+0.018%	$1.3M	$7.1M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.63	+0.008%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.64	+0.012%	$2.3M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.82	+0.123%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.69	+0.043%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.68	+0.039%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTXlong	+0.0120%	1h	162.62	long leg	$1.4M	$1.1M	10x
Aster MSTRUSDT	+0.0126%	8h	162.63	+0.006%	$1.8M	$8.7M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0172%	8h	162.72	+0.060%	$65	—	5x	as long as short
Lighter MSTR	+0.0176%	1h	162.66	+0.025%	$3.5M	$1.7M	10x	as long as short
Nado MSTR-PERP	+0.0183%	1h	162.57	−0.029%	$125K	$157K	3x	as long as short
edgeX MSTRUSDC	+0.0198%	4h	162.89	+0.164%	$47K	$5.4M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0230%	8h	162.67	+0.031%	$20.8M	$98.0M	50x	as long as short
Variational Omni MSTR	+0.0245%	8h	163.03	+0.251%	$1.2M	$2.0M	—	as long as short
Binance MSTRUSDT	+0.0320%	8h	162.63	+0.005%	$84.3M	$618.0M	50x	as long as short
RISEx MSTR/USDCshort	+0.0400%	1h	162.71	+0.053%	$267K	$399K	10x
tradeXYZ xyz:MSTR	+0.0417%	1h	162.63	+0.006%	$53.5M	$37.5M	10x	as long as short
BloFin MSTR-USDT	+0.0440%	8h	162.74	+0.074%	$1.0M	$2.1M	20x	as long as short
Phoenix MSTR	+0.0460%	1h	162.79	+0.103%	$55K	$223K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0522%	8h	163.04	+0.258%	$84K	$846K	10x	as long as short
Bybit MSTRUSDT	+0.0561%	8h	162.69	+0.043%	$17.1M	$41.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0612%	1h	162.63	+0.006%	$277K	$430K	10x	as long as short