Funding you earn now, next payment 03:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.02 per $10,000 · paid last 24h +0.040%
Price spread now: tradeXYZ against Pacifica−0.045%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.045%, 7d avg −0.029%
=Together, before fees+0.120%+ Points / potential airdropPacifica: Active · tradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MSTR | 164.20 | 0.0100 | pay 0.0013% / 1h | 54m 04s | $100K | $85K | 10x |
| Short | tradeXYZ xyz:MSTR | 164.13 | 0.0080 | get 0.0010% / 1h | 54m 04s | $55.0M | $36.6M | 10x |
Pacifica MSTR
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$4.14
- Price spread: −0.045% → −0.029%
- −$1.57
- Slippage, 4 orders
- −$10.95
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$42.66
- Costs to cover
- 0.370%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 8 min ago; tradeXYZ: live order book, 5 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, 8 min ago | 0.73 bp | 4.7 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.61 bp | 10.2 bp −$10 | 12.3 bp −$123 | doesn't fit | doesn't fit |
MSTR on 31 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 | −0.1215% | 8h | 164.37 | +0.101% | $27.5M | $114.4M | 25x | as long as short |
| Gate MSTR_USDT | −0.0074% | 8h | 164.21 | +0.004% | $4.6M | $18.4M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.19 | −0.006% | $1.2M | $7.5M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.21 | +0.004% | $20.8M | $99.1M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.23 | +0.016% | $2.8M | $70K | 10x | as long as short |
| Variational Omni MSTR | +0.0014% | 8h | 164.41 | +0.125% | $1.2M | $2.0M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.16 | −0.026% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.12 | −0.054% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.128% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.33 | +0.077% | $26K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.06 | −0.087% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.09 | −0.069% | $383K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.20 | −0.002% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.12 | −0.051% | $887K | $4.3M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.24 | +0.022% | $1.4M | $7.8M | 10x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0080% | 1h | 164.13 | −0.045% | $55.0M | $36.6M | 10x | |
| Binance MSTRUSDT | +0.0083% | 8h | 164.26 | +0.032% | $87.7M | $618.1M | 50x | as long as short |
| Pacifica MSTRlong | +0.0100% | 1h | 164.20 | long leg | $100K | $85K | 10x | |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.16 | −0.026% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.14 | −0.039% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.20 | −0.002% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.20 | −0.003% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0147% | 8h | 164.19 | −0.006% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0178% | 8h | 164.25 | +0.030% | $77K | $772K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.069% | $1.4M | $1.1M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0201% | 4h | 164.18 | −0.016% | $50K | $5.4M | 10x | as long as short |
| Nado MSTR-PERP | +0.0218% | 1h | 164.20 | −0.005% | $122K | $149K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 164.23 | +0.016% | $269K | $447K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0338% | 8h | 164.29 | +0.053% | $17.0M | $40.7M | 50x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.16 | −0.025% | $55K | $227K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0725% | 1h | 164.25 | +0.028% | $279K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Binance MSTRUSDT
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
edgeX MSTRUSDC
Nado MSTR-PERP
RISEx MSTR/USDC
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL