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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0589%/8h= +64.5% APRpaid last 24h +0.006%
Price spread now: GRVT against Pacifica+0.139%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$350.352% of the position
Long on PacificaShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days−0.092%−$9 on $10k
Price spread, last 4 days (all we have)+0.346%+$35 · spread now +0.139%, 7d avg +0.039%
Together, before fees+0.254%+ Points / potential airdropPacifica: Active · GRVT: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and GRVT is 0.101% dearer against Pacifica than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.039%. Mind the row above: over the last 7 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica MSTR163.140.0100pay 0.0013% / 1h39m 09s$100K$89K10x
ShortGRVT MSTR_USDT_Perp163.370.0689get 0.0689% / 8h7h 39m$80K$848K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$123.69
Price spread: +0.139% → +0.039%
$10.06
Slippage, 4 orders
−$18.22
Fee Pacifica: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$98.53
Costs to cover
0.352%
Break-even
1.4 days
Slippage from Pacifica: live order book, 30 min ago; GRVT: live order book, 59 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 30 min ago1.04 bp5.0 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 59 min ago0.92 bp9.9 bp −$1014.2 bp −$142doesn't fitdoesn't fit

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−0.0124%8h163.15+0.004%$30.4M$118.4M25xas long as short
Phemex MSTRUSDT0.0000%4h163.09−0.032%$2.7M$86K10xas long as short
Gate MSTR_USDT+0.0018%8h163.13−0.008%$4.7M$18.5M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h162.98−0.102%$593K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.799%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.23+0.053%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.00−0.088%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h162.94−0.124%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.08−0.039%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h162.97−0.106%$904K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0061%1h163.18+0.023%$1.3M$7.0M10xas long as short
Pacifica MSTRlong+0.0100%1h163.14long leg$100K$89K10x
KuCoin MSTRUSDTM+0.0100%8h163.15+0.004%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.04−0.063%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.22+0.047%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.16+0.007%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.321%$1.4M$1.1M10xas long as short
Aster MSTRUSDT+0.0128%8h163.05−0.060%$1.8M$8.7M50xas long as short
Paradex MSTR-USD-PERP+0.0174%8h163.20+0.032%$65—5xas long as short
Lighter MSTR+0.0176%1h163.06−0.051%$3.5M$1.7M10xas long as short
Nado MSTR-PERP+0.0189%1h162.91−0.140%$125K$165K3xas long as short
OKX MSTR-USDT-SWAP+0.0233%8h163.09−0.032%$20.9M$98.9M50xas long as short
Variational Omni MSTR+0.0241%8h163.15+0.003%$1.2M$2.0M—as long as short
Binance MSTRUSDT+0.0322%8h163.05−0.057%$84.5M$619.5M50xas long as short
edgeX MSTRUSDC+0.0376%4h163.24+0.058%$47K$5.4M10xas long as short
RISEx MSTR/USDC+0.0400%1h163.18+0.020%$268K$417K10xas long as short
tradeXYZ xyz:MSTR+0.0439%1h163.03−0.069%$53.7M$37.5M10xas long as short
BloFin MSTR-USDT+0.0442%8h163.14−0.002%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0460%1h163.24+0.059%$55K$223K10xas long as short
Bybit MSTRUSDT+0.0604%8h163.15+0.004%$17.1M$41.2M50xas long as short
GRVT MSTR_USDT_Perpshort+0.0689%8h163.37+0.139%$80K$848K10x
Deribit MSTR_USDC-PERPETUAL+0.0916%1h163.19+0.029%$278K$430K10xas long as short