MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.013%

Price spread now: Pacifica against QFEX−0.039%7-day average −0.006% · you buy dearer than you sell

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−$280.284% of the position

Long on QFEX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.168%+$17 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.039%, 7d avg −0.006%

Together, before fees+0.166%+ Points / potential airdropPacifica: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.033% cheaper against QFEX than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of −0.006%). If the spread goes back, that is −$3 on $10k: about 3.3 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.168% in total) that is about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSTR-USD	164.05	0.0067	pay 0.0008% / 1h	41m 37s	$1.3M	$7.1M	10x
Short	Pacifica MSTR	163.99	0.0100	get 0.0013% / 1h	41m 37s	$101K	$88K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against QFEX. 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 QFEXbpFee PacificabpOrdersPrice spread, now −0.039%Rate

Funding earned: $6.97
Price spread: −0.039% → −0.006%: −$3.28
Slippage, 4 orders: −$10.38
Fee QFEX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$24.69
Costs to cover: 0.284%
Break-even: 31.8 days

Slippage from QFEX: live order book, 7 min ago; Pacifica: live order book, 42 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 QFEX live order book, 7 min ago	1.53 bp	6.5 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Pacifica live order book, 42 min ago	1.50 bp	9.8 bp −$10	doesn't fit	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	−0.0418%	8h	164.21	+0.098%	$29.5M	$118.9M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.10	+0.030%	$4.7M	$19.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.11	+0.037%	$2.8M	$81K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.84	−0.131%	$502K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.225%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.12	+0.043%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.06	+0.006%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.07	+0.012%	$380K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.79	−0.158%	$868K	$3.7M	10x	as long as short
QFEX MSTR-USDlong	+0.0067%	1h	164.05	long leg	$1.3M	$7.1M	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MSTRUSDT	+0.0079%	8h	163.91	−0.085%	$1.8M	$8.7M	50x	as long as short
Lighter MSTR	+0.0096%	1h	164.03	−0.012%	$3.5M	$2.0M	10x	as long as short
Pacifica MSTRshort	+0.0100%	1h	163.99	−0.039%	$101K	$88K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	163.99	−0.037%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.93	−0.073%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.09	+0.024%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.11	+0.039%	$136	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0136%	1h	161.52	−1.542%	$1.4M	$1.1M	10x	as long as short
SoDEX MSTR-USD	+0.0161%	1h	164.14	+0.055%	$43K	$3K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0174%	8h	164.02	−0.018%	$66	—	5x	as long as short
OKX MSTR-USDT-SWAP	+0.0198%	8h	164.04	−0.006%	$20.9M	$100.1M	50x	as long as short
Variational Omni MSTR	+0.0208%	8h	164.07	+0.014%	$1.2M	$2.0M	—	as long as short
edgeX MSTRUSDC	+0.0258%	4h	164.02	−0.015%	$46K	$5.4M	10x	as long as short
Binance MSTRUSDT	+0.0272%	8h	164.06	+0.005%	$84.5M	$621.5M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0285%	8h	164.08	+0.018%	$85K	$849K	10x	as long as short
Nado MSTR-PERP	+0.0337%	1h	164.00	−0.028%	$126K	$165K	3x	as long as short
Phoenix MSTR	+0.0357%	1h	164.09	+0.024%	$56K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0392%	8h	164.04	−0.006%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0418%	8h	164.04	−0.006%	$17.1M	$41.7M	50x	as long as short
RISEx MSTR/USDC	+0.0493%	1h	164.09	+0.024%	$267K	$422K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0511%	1h	164.13	+0.049%	$54.3M	$37.8M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0909%	1h	164.14	+0.055%	$279K	$437K	10x	as long as short