MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h −0.003%

Price spread now: Coinbase International against Pacifica−0.234%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.234%, 7d avg −0.070%

Together, before fees+0.343%+ Points / potential airdropPacifica: Active · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.164% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.234% now, against its 7-day average of −0.070%). If the spread goes back, that is −$16 on $10k: about 8.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MSTR	162.92	0.0100	pay 0.0013% / 1h	37m 37s	$100K	$84K	10x
Short	Coinbase International MSTR-PERP-INTX	162.54	0.0168	get 0.0021% / 1h	37m 37s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.234%Rate

Funding earned: $14.28
Price spread: −0.234% → −0.070%: −$16.37
Slippage, 4 orders: −$19.08
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$39.17
Costs to cover: 0.371%
Break-even: 26.2 days

Slippage from Pacifica: live order book, 10 min ago; Coinbase International: live order book, 1 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, 10 min ago	0.67 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	5.22 bp	10.2 bp −$10	14.3 bp −$143	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	−0.1041%	8h	163.26	+0.208%	$27.1M	$117.7M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	162.99	+0.041%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.07	+0.092%	$4.7M	$19.4M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.33	+0.251%	$2.8M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.81	−0.065%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.940%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.03	+0.067%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0042%	1h	162.49	−0.264%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.75	−0.105%	$376K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.73	−0.117%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.66	−0.160%	$833K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	163.02	+0.061%	$1.4M	$7.2M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0086%	8h	163.01	+0.055%	$20.7M	$99.9M	50x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	163.01	+0.054%	$264K	$443K	10x	as long as short
Pacifica MSTRlong	+0.0100%	1h	162.92	long leg	$100K	$84K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	162.85	−0.043%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.65	−0.166%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.75	−0.105%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.79	−0.082%	$135	—	10x	as long as short
Variational Omni MSTR	+0.0114%	8h	163.08	+0.098%	$1.2M	$2.0M	—	as long as short
Paradex MSTR-USD-PERP	+0.0141%	8h	162.98	+0.035%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTXshort	+0.0168%	1h	162.54	−0.234%	$1.4M	$1.1M	10x
Binance MSTRUSDT	+0.0188%	8h	163.01	+0.055%	$85.1M	$624.6M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0193%	8h	162.78	−0.086%	$79K	$839K	10x	as long as short
Lighter MSTR	+0.0200%	1h	162.84	−0.049%	$3.4M	$1.9M	10x	as long as short
BloFin MSTR-USDT	+0.0304%	8h	162.75	−0.105%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0358%	8h	163.07	+0.092%	$16.7M	$41.3M	50x	as long as short
Phoenix MSTR	+0.0362%	1h	162.94	+0.011%	$55K	$226K	10x	as long as short
Nado MSTR-PERP	+0.0364%	1h	162.84	−0.048%	$130K	$156K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0366%	1h	162.84	−0.049%	$54.2M	$37.1M	10x	as long as short
edgeX MSTRUSDC	+0.0800%	4h	162.72	−0.120%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0980%	1h	162.81	−0.068%	$277K	$438K	10x	as long as short