MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.010%

Price spread now: Coinbase International against Extended−0.805%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.824%+$82 · spread now −0.805%, 7d avg −0.002%

Together, before fees+0.913%+ Points / potential airdropExtended: Active · farm board+$91 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.803% cheaper against Extended than usual: you would sell low and buy high (spread −0.805% now, against its 7-day average of −0.002%). If the spread goes back, that is −$80 on $10k: about 20 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.088% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	162.83	0.0032	pay 0.0004% / 1h	17m 08s	$503K	$2.0M	10x
Short	Coinbase International MSTR-PERP-INTX	161.52	0.0168	get 0.0021% / 1h	17m 08s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −0.805%Rate

Funding earned: $28.56
Price spread: −0.805% → −0.002%: −$80.27
Slippage, 4 orders: −$15.36
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$82.07
Costs to cover: 0.304%
Break-even: 27.1 days

Slippage from Extended: live order book, 1 min ago; Coinbase International: live order book, 1 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 Extended live order book, 1 min ago	1.23 bp	4.0 bp −$4	21.0 bp −$210	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	3.38 bp	8.4 bp −$8	13.3 bp −$133	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	−0.1303%	8h	163.10	+0.166%	$27.1M	$118.3M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.95	+0.074%	$4.7M	$19.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.01	+0.111%	$2.7M	$77K	10x	as long as short
Aster MSTRUSDT	+0.0003%	8h	162.86	+0.020%	$1.8M	$8.7M	50x	as long as short
Vest MSTR-USD-PERP	+0.0021%	1h	162.55	−0.172%	—	$1.8M	25x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	162.83	long leg	$503K	$2.0M	10x
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.998%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.60	−0.141%	$26K	$109K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.86	+0.018%	$376K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.56	−0.166%	$866K	$3.9M	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	+0.0054%	1h	162.84	+0.006%	$1.3M	$7.3M	10x	as long as short
SoDEX MSTR-USD	+0.0055%	1h	162.87	+0.025%	$43K	$3K	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	162.97	+0.083%	$264K	$443K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.83	+0.001%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.85	+0.012%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.70	−0.080%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.91	+0.049%	$4K	$9K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.94	+0.069%	$135	—	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0105%	8h	162.91	+0.049%	$20.6M	$100.4M	50x	as long as short
Variational Omni MSTR	+0.0130%	8h	162.23	−0.371%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0148%	8h	162.79	−0.023%	$65	—	5x	as long as short
Lighter MSTR	+0.0152%	1h	162.92	+0.055%	$3.5M	$2.0M	10x	as long as short
Coinbase International MSTR-PERP-INTXshort	+0.0168%	1h	161.52	−0.805%	$1.4M	$1.1M	10x
Binance MSTRUSDT	+0.0206%	8h	162.94	+0.068%	$83.6M	$627.8M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0222%	8h	162.79	−0.022%	$79K	$857K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0303%	1h	162.85	+0.012%	$54.1M	$37.2M	10x	as long as short
BloFin MSTR-USDT	+0.0326%	8h	162.95	+0.074%	$1.0M	$2.1M	20x	as long as short
Nado MSTR-PERP	+0.0349%	1h	162.71	−0.072%	$130K	$157K	3x	as long as short
Phoenix MSTR	+0.0362%	1h	162.72	−0.066%	$55K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0378%	8h	162.94	+0.068%	$16.7M	$41.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0671%	1h	162.97	+0.086%	$277K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0737%	4h	162.33	−0.306%	$45K	$5.4M	10x	as long as short