MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.024%

Price spread now: Pacifica against Extended+0.089%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on Extended Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.089%, 7d avg +0.065%

Together, before fees−0.065%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.025% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	169.13	0.0032	pay 0.0004% / 1h	4m 32s	$581K	$1.8M	10x
Short	Pacifica MSTR	169.28	0.0100	get 0.0013% / 1h	4m 32s	$105K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.089%Rate

Funding earned: $14.28
Price spread: +0.089% → +0.065%: $2.45
Slippage, 4 orders: −$13.49
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$9.76
Costs to cover: 0.265%
Break-even: 11.8 days

Slippage from Extended: live order book, 4 min ago; Pacifica: live order book, 8 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, 4 min ago	2.07 bp	5.8 bp −$6	16.8 bp −$168	doesn't fit	doesn't fit
Sell Pacifica live order book, 8 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	−0.0045%	1h	169.14	+0.007%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.12	−0.003%	$1.3M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.33	+0.121%	$21.9M	$106.3M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.25	+0.073%	$4.7M	$19.6M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.00	−0.073%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.05	−0.045%	$2.9M	$66K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.26	+0.078%	$276K	$441K	10x	as long as short
Bitget MSTRUSDT	+0.0028%	8h	169.34	+0.127%	$28.7M	$119.8M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0028%	8h	169.01	−0.069%	$77K	$871K	10x	as long as short
Lighter MSTR	+0.0032%	1h	169.21	+0.050%	$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-USDlong	+0.0032%	1h	169.13	long leg	$581K	$1.8M	10x
Binance MSTRUSDT	+0.0045%	8h	169.30	+0.100%	$89.3M	$628.6M	50x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.33	+0.121%	—	$2.1M	25x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.25	+0.073%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.05	−0.045%	$399K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.09	−0.021%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.91	−0.128%	$773K	$5.2M	10x	as long as short
Bybit MSTRUSDT	+0.0062%	8h	169.32	+0.115%	$15.2M	$40.3M	50x	as long as short
BloFin MSTR-USDT	+0.0067%	8h	169.08	−0.027%	$1.1M	$1.9M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0095%	8h	169.18	+0.032%	$68	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.222%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTRshort	+0.0100%	1h	169.28	+0.089%	$105K	$87K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	169.14	+0.008%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.96	−0.098%	$4K	$253K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.06	−0.039%	$3K	$10K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	168.88	−0.145%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.07	−0.031%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0127%	1h	169.23	+0.062%	$57.2M	$36.9M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.09	−0.024%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0382%	4h	169.04	−0.048%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0578%	1h	169.15	+0.014%	$288K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.33	+0.121%	$27K	$129K	10x	as long as short