Funding you earn now, next payment 23:00 UTC−0.0058%/8h= −6.3% APRnext payment −$0.07 per $10,000 · paid last 24h −0.022%
Price spread now: QFEX against Pacifica+0.020%7-day average +0.007% · 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−$32as in the Price arb table
costs, in and out, $10k−$330.335% of the position
Funding, last 3 days (all we have)−0.163%−$16 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.020%, 7d avg +0.007%
=Together, before fees−0.122%+ Points / potential airdropPacifica: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, 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 | 169.02 | 0.0100 | pay 0.0013% / 1h | 34m 58s | $103K | $114K | 10x |
| Short | QFEX MSTR-USD | 169.05 | 0.0042 | get 0.0005% / 1h | 34m 58s | $1.5M | $10.2M | 10x |
Pacifica MSTR
QFEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$12.08
- Price spread: +0.020% → +0.007%
- $1.29
- Slippage, 4 orders
- −$15.45
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$44.25
- Costs to cover
- 0.335%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 48 min ago; QFEX: live order book, 4 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, 48 min ago | 0.03 bp | 5.5 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 1.48 bp | 6.5 bp −$6 | 7.4 bp −$74 | 11.7 bp −$1,169 | 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 | −0.0104% | 1h | 169.07 | +0.030% | $139K | $97K | 3x | as long as short |
| BloFin MSTR-USDT | −0.0028% | 8h | 169.08 | +0.037% | $1.1M | $1.8M | 20x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.17 | +0.092% | $1.2M | $6.2M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.10 | +0.048% | $88.3M | $628.7M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.07 | +0.032% | $22.0M | $106.7M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.10 | +0.049% | $275K | $446K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.06 | +0.026% | $4.8M | $19.4M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.07 | +0.029% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.23 | +0.127% | $74K | $925K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.17 | +0.091% | $2.9M | $61K | 10x | as long as short |
Nado MSTR-PERP
BloFin MSTR-USDT
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 169.05 | +0.020% | $3.6M | $2.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.03 | +0.009% | $585K | $1.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0035% | 8h | 169.11 | +0.055% | $28.9M | $119.6M | 25x | as long as short |
| QFEX MSTR-USDshort | +0.0042% | 1h | 169.05 | +0.020% | $1.5M | $10.2M | 10x | |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.18 | +0.097% | — | $2.1M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 168.99 | −0.016% | $403K | $2.6M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.05 | +0.020% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.02 | +0.002% | $740K | $5.2M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0056% | 1h | 168.99 | −0.016% | $56.9M | $37.9M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.93 | −0.051% | $1.5M | $1.2M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0062% | 8h | 169.12 | +0.061% | $15.1M | $40.8M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0072% | 8h | 169.01 | −0.004% | $68 | — | 5x | as long as short |
| Pacifica MSTRlong | +0.0100% | 1h | 169.02 | long leg | $103K | $114K | 10x | |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.08 | +0.037% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.32 | +0.179% | $4K | $552K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.12 | +0.061% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.12 | +0.062% | $140 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0105% | 1h | 169.14 | +0.073% | $287K | $439K | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.22 | +0.120% | $57K | $394K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.29 | +0.162% | $13K | $22K | 30x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.17 | +0.091% | $27K | $129K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0995% | 4h | 169.24 | +0.129% | $48K | $5.4M | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
Bitget MSTRUSDT
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
tradeXYZ xyz:MSTR
Coinbase International MSTR-PERP-INTX
Bybit MSTRUSDT
Paradex MSTR-USD-PERP
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Deribit MSTR_USDC-PERPETUAL
Phoenix MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD
edgeX MSTRUSDC