MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0317%/8h= +34.7% APRnext payment +$0.40 per $10,000 · paid last 24h +0.119%

Price spread now: RISEx against Extended+0.106%7-day average +0.102% · 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−$24as in the Price arb table

costs, in and out, $10k−$240.245% of the position

Long on Extended Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.182%+$18 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.106%, 7d avg +0.102%

Together, before fees+0.226%+ Points / potential airdropExtended: Active · farm board+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.102%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	169.11	0.0032	pay 0.0004% / 1h	53m 17s	$581K	$1.7M	10x
Short	RISEx MSTR/USDC	169.29	0.0349	get 0.0044% / 1h	53m 17s	$276K	$440K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.106%Rate

Funding earned: $66.54
Price spread: +0.106% → +0.102%: $0.46
Slippage, 4 orders: −$13.47
Fee Extended: 2.5 bp × 2 orders: −$5
Fee RISEx: 3 bp × 2 orders: −$6
Net: $42.52
Costs to cover: 0.245%
Break-even: 2.5 days

Slippage from Extended: live order book, 5 min ago; RISEx: live order book, 20 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, 5 min ago	2.65 bp	8.4 bp −$8	18.1 bp −$181	doesn't fit	doesn't fit
Sell RISEx live order book, 20 min ago	0.89 bp	3.9 bp −$4	6.0 bp −$60	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	−0.0082%	1h	169.17	+0.033%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.21	+0.060%	$1.3M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	169.33	+0.130%	$15.2M	$39.8M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.25	+0.083%	$21.9M	$104.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.27	+0.095%	$4.7M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.20	+0.053%	$2.9M	$66K	10x	as long as short
Variational Omni MSTR	+0.0002%	8h	169.63	+0.309%	$1.2M	$2.4M	—	as long as short
Bitget MSTRUSDT	+0.0019%	8h	169.30	+0.112%	$28.6M	$115.3M	25x	as long as short
Lighter MSTR	+0.0032%	1h	169.22	+0.065%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	169.11	long leg	$581K	$1.7M	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0035%	1h	169.21	+0.059%	$1.5M	$10.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	169.51	+0.237%	$27K	$121K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.39	+0.166%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.19	+0.047%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.30	+0.112%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.23	+0.071%	$765K	$5.0M	10x	as long as short
Binance MSTRUSDT	+0.0075%	8h	169.28	+0.101%	$89.4M	$622.6M	50x	as long as short
BloFin MSTR-USDT	+0.0080%	8h	169.12	+0.006%	$1.1M	$1.9M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.213%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0094%	8h	169.23	+0.072%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.24	+0.077%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.22	+0.065%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.62	+0.302%	$4K	$207K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.26	+0.089%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.40	+0.174%	$141	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0108%	1h	169.20	+0.053%	$57.1M	$35.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.49	+0.225%	$8K	$21K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	169.17	+0.034%	$57K	$384K	10x	as long as short
RISEx MSTR/USDCshort	+0.0349%	1h	169.29	+0.106%	$276K	$440K	10x
edgeX MSTRUSDC	+0.0567%	4h	169.82	+0.418%	$48K	$5.5M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0570%	8h	169.80	+0.408%	$78K	$871K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0578%	1h	169.31	+0.118%	$288K	$438K	10x	as long as short