MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h −0.024%

Price spread now: Pacifica against Injective−2.882%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 2.882% cheaper against Injective than usual: you would sell low and buy high (spread −2.882% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$288 on $10k: about 5 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MSTR/USDC PERP	169.34	0.0033	pay 0.0004% / 1h	1m 53s	$8K	$26K	30x
Short	Pacifica MSTR	164.46	0.0100	get 0.0013% / 1h	1m 53s	$101K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee PacificabpOrdersPrice spread, now −2.882%Rate

Funding earned: $14
Price spread: −2.882% → 0.000%: −$288.18
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$282.2
Costs to cover: 0.080%
Break-even: 148.1 days

Slippage unknown: Injective: no order-book sample; Pacifica: live order book, 55 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 55 min ago	0.03 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0933%	8h	164.70	−2.740%	$27.9M	$115.1M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.54	−2.833%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.77	−2.699%	$4.6M	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.54	−2.835%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0019%	8h	164.65	−2.770%	$20.6M	$99.5M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.45	−2.888%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.38	−2.932%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERPlong	+0.0033%	1h	169.34	long leg	$8K	$26K	30x
RISEx MSTR/USDC	+0.0034%	1h	164.49	−2.864%	$267K	$445K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.52	−2.846%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.36	−2.941%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.44	−2.894%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.49	−2.864%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.33	−2.959%	$851K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.48	−2.870%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0089%	8h	164.36	−2.943%	$1.2M	$2.1M	—	as long as short
Pacifica MSTRshort	+0.0100%	1h	164.46	−2.882%	$101K	$83K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	164.44	−2.894%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.24	−3.012%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.50	−2.858%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.50	−2.856%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.47	−2.877%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0152%	8h	164.61	−2.796%	$86.9M	$615.6M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0162%	8h	164.48	−2.869%	$82K	$792K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−3.083%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.33	−2.956%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0234%	1h	164.57	−2.817%	$54.8M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0243%	1h	164.42	−2.908%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0271%	8h	164.55	−2.829%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0348%	8h	164.65	−2.770%	$16.9M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0784%	1h	164.53	−2.840%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0855%	4h	164.38	−2.930%	$49K	$5.4M	10x	as long as short