MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.21 per $10,000 · paid last 24h +0.093%

Price spread now: RISEx against QFEX+0.015%7-day average +0.029% · 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−$26as in the Price arb table

costs, in and out, $10k−$250.245% of the position

Long on QFEX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.328%+$33 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now +0.015%, 7d avg +0.029%

Together, before fees+0.388%+$39 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: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSTR-USD	164.50	0.0067	pay 0.0008% / 1h	46m 53s	$1.4M	$7.3M	10x
Short	RISEx MSTR/USDC	164.53	0.0231	get 0.0029% / 1h	46m 53s	$267K	$445K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.015%Rate

Funding earned: $34.48
Price spread: +0.015% → +0.029%: −$1.39
Slippage, 4 orders: −$8.5
Fee QFEX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $8.58
Costs to cover: 0.245%
Break-even: 5.3 days

Slippage from QFEX: live order book, 7 min ago; RISEx: live order book, 6 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	1.52 bp	6.5 bp −$7	8.6 bp −$86	doesn't fit	doesn't fit
Sell RISEx live order book, 6 min ago	2.73 bp	5.7 bp −$6	7.0 bp −$70	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	−0.0885%	8h	164.59	+0.055%	$27.8M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.48	−0.011%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.47	−0.018%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.49	−0.006%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.26	−0.146%	$593K	$1.9M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0032%	8h	164.46	−0.024%	$20.7M	$99.6M	50x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.942%	$8K	$26K	30x	as long as short
Lighter MSTR	+0.0040%	1h	164.32	−0.109%	$3.5M	$1.9M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.54	+0.024%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.39	−0.067%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.47	−0.018%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.38	−0.073%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.40	−0.061%	$858K	$4.0M	10x	as long as short
QFEX MSTR-USDlong	+0.0067%	1h	164.50	long leg	$1.4M	$7.3M	10x
Variational Omni MSTR	+0.0100%	8h	164.47	−0.021%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.51	+0.004%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.37	−0.079%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.24	−0.158%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.49	−0.006%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.42	−0.048%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0140%	8h	164.52	+0.010%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0161%	8h	164.44	−0.036%	$86.9M	$615.8M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.231%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0172%	8h	164.40	−0.061%	$75K	$803K	10x	as long as short
edgeX MSTRUSDC	+0.0198%	4h	164.28	−0.135%	$49K	$5.3M	10x	as long as short
RISEx MSTR/USDCshort	+0.0231%	1h	164.53	+0.015%	$267K	$445K	10x
Nado MSTR-PERP	+0.0245%	1h	164.44	−0.035%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0247%	1h	164.34	−0.097%	$54.7M	$37.0M	10x	as long as short
BloFin MSTR-USDT	+0.0282%	8h	164.38	−0.073%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0339%	8h	164.43	−0.043%	$16.8M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.38	−0.074%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0541%	1h	164.47	−0.018%	$280K	$438K	10x	as long as short