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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 09:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h +0.081%
Price spread now: Arcus against Orderly+0.092%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OrderlyShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Arcus is 0.092% dearer against Orderly than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_MSTR_USDC_mythos163.830.0100pay 0.0100% / 8h7h 57m$3K$13K10x
ShortArcus MSTR-USD163.980.0040get 0.0005% / 1h57m 36s$26K$114K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Orderly. 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

Funding earned
−$12.54
Price spread: +0.092% → 0.000%
$9.16
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$13.89
Costs to cover
0.105%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Arcus: live order book, 40 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample—————
Sell Arcus live order book, 40 min ago8.25 bp10.5 bp −$1132.4 bp −$324doesn't fitdoesn't fit
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0356%8h164.06+0.140%$29.8M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h164.00+0.104%$4.7M$18.3M50xas long as short
Phemex MSTRUSDT0.0000%4h163.75−0.049%$2.8M$84K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.77−0.036%$592K$2.1M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.363%$8K$25K30xas long as short
Lighter MSTR+0.0040%1h163.93+0.061%$3.5M$1.7M10xas long as short
Arcus MSTR-USDshort+0.0040%1h163.98+0.092%$26K$114K10x
Vest MSTR-USD-PERP+0.0046%1h163.76−0.043%—$1.8M25xas long as short
Nado MSTR-PERP+0.0047%1h163.67−0.098%$125K$165K3xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.74−0.055%$379K$2.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h162.96−0.531%$895K$3.7M10xas long as short
QFEX MSTR-USD+0.0061%1h163.99+0.098%$1.4M$7.1M10xas long as short
Aster MSTRUSDT+0.0084%8h163.78−0.030%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.92+0.057%$101K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.77−0.037%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.16−0.409%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythoslong+0.0100%8h163.83long leg$3K$13K10x
Aevo MSTR-PERP+0.0104%1h163.80−0.016%$136—10xas long as short
Bybit MSTRUSDT+0.0105%8h163.93+0.061%$17.2M$41.6M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.739%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0129%8h163.91+0.048%$66—5xas long as short
Variational Omni MSTR+0.0202%8h163.25−0.352%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0206%8h164.02+0.116%$20.9M$100.0M50xas long as short
tradeXYZ xyz:MSTR+0.0228%1h163.91+0.049%$54.2M$37.7M10xas long as short
GRVT MSTR_USDT_Perp+0.0267%8h163.37−0.278%$80K$858K10xas long as short
Binance MSTRUSDT+0.0278%8h163.91+0.046%$84.4M$620.1M50xas long as short
Phoenix MSTR+0.0357%1h163.34−0.297%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0393%8h163.68−0.092%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0400%1h163.80−0.017%$269K$418K10xas long as short
SoDEX MSTR-USD+0.0544%1h163.78−0.031%$43K$3K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0605%1h163.87+0.024%$279K$437K10xas long as short
edgeX MSTRUSDC+0.0963%4h163.30−0.322%$46K$5.4M10xas long as short