MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.051%

Price spread now: tradeXYZ against Extended+0.107%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$340.335% of the position

Long on Extended Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.107%, 7d avg +0.019%

Together, before fees−0.021%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board−$2 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 tradeXYZ is 0.088% dearer against Extended than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	168.95	0.0032	pay 0.0004% / 1h	52m 20s	$584K	$1.7M	10x
Short	tradeXYZ xyz:MSTR	169.13	0.0113	get 0.0014% / 1h	52m 20s	$57.1M	$35.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.107%Rate

Funding earned: $17.07
Price spread: +0.107% → +0.019%: $8.77
Slippage, 4 orders: −$10.51
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$7.67
Costs to cover: 0.335%
Break-even: 10.1 days

Slippage from Extended: live order book, 1 min ago; tradeXYZ: live order book, 7 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	1.77 bp	5.9 bp −$6	20.4 bp −$204	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	1.48 bp	11.4 bp −$11	14.0 bp −$140	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	−0.0089%	1h	169.03	+0.046%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.18	+0.133%	$1.3M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	168.90	−0.030%	$15.2M	$39.8M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.02	+0.041%	$21.9M	$104.0M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.13	+0.107%	$4.7M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.88	−0.041%	$2.9M	$66K	10x	as long as short
Variational Omni MSTR	+0.0002%	8h	169.63	+0.404%	$1.2M	$2.4M	—	as long as short
Bitget MSTRUSDT	+0.0010%	8h	169.13	+0.107%	$28.6M	$115.3M	25x	as long as short
Lighter MSTR	+0.0032%	1h	168.90	−0.030%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	168.95	long leg	$584K	$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	169.05	+0.059%	$1.4M	$10.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	169.42	+0.278%	$27K	$119K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.30	+0.207%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.06	+0.065%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.99	+0.024%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.95	0.000%	$765K	$5.0M	10x	as long as short
BloFin MSTR-USDT	+0.0069%	8h	169.25	+0.178%	$1.1M	$1.9M	20x	as long as short
Binance MSTRUSDT	+0.0075%	8h	168.83	−0.069%	$89.2M	$622.2M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.118%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0093%	8h	169.06	+0.065%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.07	+0.074%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.10	+0.089%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.62	+0.397%	$4K	$207K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.10	+0.089%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.31	+0.212%	$141	—	10x	as long as short
tradeXYZ xyz:MSTRshort	+0.0113%	1h	169.13	+0.107%	$57.1M	$35.4M	10x
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.231%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	169.17	+0.128%	$57K	$384K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0283%	1h	169.03	+0.047%	$287K	$438K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	169.16	+0.124%	$275K	$440K	10x	as long as short
edgeX MSTRUSDC	+0.0567%	4h	169.82	+0.513%	$48K	$5.5M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0570%	8h	169.80	+0.503%	$78K	$871K	10x	as long as short