MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0102%/8h= +11.2% APRnext payment +$0.13 per $10,000 · paid last 24h +0.047%

Price spread now: tradeXYZ against Coinbase International+0.112%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on Coinbase International Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.112%, 7d avg +0.025%

Together, before fees−0.156%+ Points / potential airdroptradeXYZ: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and tradeXYZ is 0.087% dearer against Coinbase International than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSTR-PERP-INTX	169.32	0.0096	pay 0.0012% / 1h	44m 40s	$1.5M	$1.2M	10x
Short	tradeXYZ xyz:MSTR	169.51	0.0198	get 0.0025% / 1h	44m 40s	$57.2M	$37.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.112%Rate

Funding earned: $21.48
Price spread: +0.112% → +0.025%: $8.7
Slippage, 4 orders: −$20.55
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$18.38
Costs to cover: 0.486%
Break-even: 13.0 days

Slippage from Coinbase International: live order book, 4 min ago; tradeXYZ: live order book, 5 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, 4 min ago	8.56 bp	13.6 bp −$14	16.9 bp −$169	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.59 bp	10.1 bp −$10	12.8 bp −$128	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
Aster MSTRUSDT	0.0000%	8h	169.51	+0.112%	$1.3M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.54	+0.130%	$4.8M	$19.3M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.63	+0.185%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.66	+0.201%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.60	+0.165%	$276K	$442K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0004%	8h	169.42	+0.061%	$83K	$875K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0017%	8h	169.66	+0.201%	$22.1M	$106.8M	50x	as long as short
BloFin MSTR-USDT	+0.0045%	8h	169.63	+0.183%	$1.1M	$1.9M	20x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.73	+0.242%	—	$2.1M	25x	as long as short
Binance MSTRUSDT	+0.0047%	8h	169.61	+0.172%	$89.5M	$628.7M	50x	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	+0.0049%	1h	169.55	+0.136%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.53	+0.124%	$394K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.57	+0.148%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.41	+0.053%	$781K	$5.2M	10x	as long as short
Bitget MSTRUSDT	+0.0062%	8h	169.53	+0.124%	$28.7M	$120.0M	25x	as long as short
Extended MSTR_24_5-USD	+0.0064%	1h	169.39	+0.043%	$583K	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0065%	1h	169.43	+0.065%	$140K	$97K	3x	as long as short
Coinbase International MSTR-PERP-INTXlong	+0.0096%	1h	169.32	long leg	$1.5M	$1.2M	10x
Pacifica MSTR	+0.0100%	1h	169.47	+0.089%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.42	+0.059%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.21	−0.065%	$4K	$357K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.58	+0.154%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.08	−0.142%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.57	+0.145%	$141	—	10x	as long as short
Bybit MSTRUSDT	+0.0108%	8h	169.61	+0.171%	$15.2M	$40.5M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0144%	8h	169.60	+0.163%	$68	—	5x	as long as short
Lighter MSTR	+0.0152%	1h	169.53	+0.124%	$3.6M	$2.4M	10x	as long as short
tradeXYZ xyz:MSTRshort	+0.0198%	1h	169.51	+0.112%	$57.2M	$37.5M	10x
Phoenix MSTR	+0.0260%	1h	169.50	+0.109%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0491%	4h	169.40	+0.046%	$47K	$5.5M	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.65	+0.195%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1226%	1h	169.66	+0.201%	$289K	$438K	10x	as long as short