MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0432%/8h= +47.3% APRnext payment +$0.54 per $10,000 · paid last 24h −0.057%

Price spread now: Arcus against RISEx+0.053%7-day average −0.012% · 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−$24as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on RISEx Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.219%−$22 on $10k

Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.053%, 7d avg −0.012%

Together, before fees−0.397%−$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Arcus is 0.065% dearer against RISEx than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.012%. Mind the row above: over the last 3 days funding on this pair cost −0.219%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	169.40	0	get 0.0000% / 1h	6m 34s	$277K	$446K	10x
Short	Arcus MSTR-USD	169.49	0.0432	get 0.0054% / 1h	6m 34s	$27K	$134K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against RISEx. 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 RISExbpFee ArcusbpOrdersPrice spread, now +0.053%Rate

Funding earned: $90.75
Price spread: +0.053% → −0.012%: $6.48
Slippage, 4 orders: −$19.84
Fee RISEx: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $66.89
Costs to cover: 0.303%
Break-even: 1.8 days

Slippage from RISEx: live order book, 17 min ago; Arcus: live order book, 16 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 RISEx live order book, 17 min ago	1.18 bp	4.2 bp −$4	5.0 bp −$50	doesn't fit	doesn't fit
Sell Arcus live order book, 16 min ago	5.60 bp	9.5 bp −$10	36.2 bp −$362	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
Nado MSTR-PERP	−0.0068%	1h	169.34	−0.034%	$139K	$98K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.38	−0.012%	$1.3M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.39	−0.006%	$88.6M	$630.7M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.38	−0.012%	$22.1M	$107.4M	50x	as long as short
RISEx MSTR/USDClong	0.0000%	1h	169.40	long leg	$277K	$446K	10x
Gate MSTR_USDT	0.0000%	8h	169.36	−0.024%	$4.8M	$19.7M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.48	+0.048%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.49	+0.052%	$83K	$948K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.39	−0.006%	$2.9M	$59K	10x	as long as short
BloFin MSTR-USDT	+0.0014%	8h	169.41	+0.006%	$1.1M	$1.8M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.41	+0.006%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.22	−0.106%	$588K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0039%	1h	169.41	+0.006%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.55	+0.089%	—	$2.1M	25x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	169.11	−0.171%	$1.5M	$1.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.42	+0.012%	$407K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.40	0.000%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.30	−0.059%	$752K	$5.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0060%	1h	169.40	0.000%	$56.8M	$38.4M	10x	as long as short
Bitget MSTRUSDT	+0.0067%	8h	169.39	−0.006%	$28.8M	$120.0M	25x	as long as short
Paradex MSTR-USD-PERP	+0.0084%	8h	169.37	−0.019%	$68	—	5x	as long as short
Bybit MSTRUSDT	+0.0088%	8h	169.40	0.000%	$15.2M	$41.2M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	169.33	−0.043%	$103K	$121K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.29	−0.065%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.40	0.000%	$4K	$854K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.42	+0.012%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.44	+0.021%	$141	—	10x	as long as short
Phoenix MSTR	+0.0184%	1h	169.49	+0.054%	$57K	$396K	10x	as long as short
Arcus MSTR-USDshort	+0.0432%	1h	169.49	+0.053%	$27K	$134K	10x
Injective MSTR/USDC PERP	+0.0440%	1h	169.61	+0.124%	$13K	$22K	30x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0459%	1h	169.48	+0.047%	$288K	$439K	10x	as long as short
edgeX MSTRUSDC	+0.0756%	4h	169.48	+0.047%	$48K	$5.4M	10x	as long as short