MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0060%/8h= −6.5% APRnext payment −$0.07 per $10,000 · paid last 24h +0.082%

Price spread now: Arcus against Pacifica+0.134%7-day average +0.027% · 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−$30as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Pacifica Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.134%, 7d avg +0.027%

Together, before fees−0.055%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.107% dearer against Pacifica than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.027%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MSTR	164.11	0.0100	pay 0.0013% / 1h	41m 09s	$100K	$84K	10x
Short	Arcus MSTR-USD	164.33	0.0040	get 0.0005% / 1h	41m 09s	$26K	$112K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Pacifica. 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 PacificabpFee ArcusbpOrdersPrice spread, now +0.134%Rate

Funding earned: −$12.54
Price spread: +0.134% → +0.027%: $10.72
Slippage, 4 orders: −$28.62
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$42.94
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from Pacifica: live order book, 21 min ago; Arcus: live order book, 22 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 Pacifica live order book, 21 min ago	0.73 bp	4.7 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 22 min ago	6.68 bp	12.6 bp −$13	37.7 bp −$377	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
Bitget MSTRUSDT	−0.1274%	8h	164.33	+0.134%	$27.6M	$114.6M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.16	+0.028%	$1.7M	$8.4M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.15	+0.024%	$20.8M	$99.3M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.16	+0.030%	$4.6M	$18.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.17	+0.037%	$2.8M	$70K	10x	as long as short
Variational Omni MSTR	+0.0013%	8h	164.02	−0.057%	$1.2M	$2.0M	—	as long as short
Lighter MSTR	+0.0032%	1h	164.02	−0.055%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.87	−0.146%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.187%	$8K	$26K	30x	as long as short
Arcus MSTR-USDshort	+0.0040%	1h	164.33	+0.134%	$26K	$112K	10x

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	164.05	−0.037%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.05	−0.037%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.09	−0.012%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.99	−0.073%	$880K	$4.2M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	164.15	+0.024%	$1.4M	$7.7M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0082%	1h	164.07	−0.024%	$54.9M	$36.6M	10x	as long as short
Binance MSTRUSDT	+0.0088%	8h	164.09	−0.012%	$88.0M	$619.3M	50x	as long as short
Pacifica MSTRlong	+0.0100%	1h	164.11	long leg	$100K	$84K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	164.01	−0.061%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.32	+0.128%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.10	−0.006%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.04	−0.046%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0141%	8h	164.09	−0.012%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0157%	8h	164.40	+0.177%	$77K	$763K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.09	−0.012%	$1.4M	$1.1M	10x	as long as short
BloFin MSTR-USDT	+0.0208%	8h	164.17	+0.037%	$1.0M	$1.9M	20x	as long as short
Nado MSTR-PERP	+0.0216%	1h	164.08	−0.017%	$122K	$149K	3x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	164.18	+0.040%	$269K	$447K	10x	as long as short
Phoenix MSTR	+0.0336%	1h	164.35	+0.144%	$55K	$227K	10x	as long as short
Bybit MSTRUSDT	+0.0339%	8h	164.17	+0.037%	$17.1M	$40.7M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0604%	1h	164.08	−0.018%	$279K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0772%	4h	164.34	+0.143%	$49K	$5.4M	10x	as long as short