MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.024%

Price spread now: Extended against Pacifica−0.051%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Pacifica Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.051%, 7d avg −0.065%

Together, before fees+0.027%+ Points / potential airdropPacifica: Active · Extended: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.065%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MSTR	169.37	0.0100	pay 0.0013% / 1h	2m 58s	$105K	$87K	10x
Short	Extended MSTR_24_5-USD	169.28	0.0032	get 0.0004% / 1h	2m 58s	$581K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$14.28
Price spread: −0.051% → −0.065%: $1.34
Slippage, 4 orders: −$14.03
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$39.97
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from Pacifica: live order book, 9 min ago; Extended: 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, 9 min ago	1.33 bp	5.3 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	1.77 bp	7.6 bp −$8	21.1 bp −$211	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	−0.0043%	1h	169.25	−0.073%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.18	−0.115%	$1.3M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.38	+0.005%	$21.9M	$106.3M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.35	−0.012%	$4.7M	$19.6M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.00	−0.218%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.18	−0.113%	$2.9M	$66K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.44	+0.038%	$276K	$441K	10x	as long as short
Bitget MSTRUSDT	+0.0030%	8h	169.43	+0.035%	$28.8M	$119.8M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0030%	8h	169.13	−0.142%	$77K	$871K	10x	as long as short
Lighter MSTR	+0.0032%	1h	169.35	−0.012%	$3.6M	$2.4M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USDshort	+0.0032%	1h	169.28	−0.051%	$581K	$1.8M	10x
Vest MSTR-USD-PERP	+0.0046%	1h	169.56	+0.112%	—	$2.1M	25x	as long as short
Binance MSTRUSDT	+0.0048%	8h	169.44	+0.041%	$89.4M	$628.5M	50x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.39	+0.011%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.29	−0.048%	$399K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.38	+0.005%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.91	−0.272%	$773K	$5.2M	10x	as long as short
Bybit MSTRUSDT	+0.0063%	8h	169.43	+0.035%	$15.2M	$40.3M	50x	as long as short
BloFin MSTR-USDT	+0.0064%	8h	169.50	+0.076%	$1.1M	$1.9M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.367%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0096%	8h	169.35	−0.013%	$68	—	5x	as long as short
Pacifica MSTRlong	+0.0100%	1h	169.37	long leg	$105K	$87K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	169.22	−0.089%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.06	−0.184%	$4K	$244K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.36	−0.006%	$3K	$10K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	168.88	−0.290%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.35	−0.010%	$141	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0126%	1h	169.37	−0.001%	$57.2M	$36.9M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.09	−0.168%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0382%	4h	169.04	−0.193%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0636%	1h	169.49	+0.070%	$288K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.45	+0.047%	$27K	$129K	10x	as long as short