Funding you earn now, next payment 02:00 UTC−0.0091%/8h= −10.0% APRnext payment −$0.11 per $10,000 · paid last 24h −0.100%
Price spread now: Coinbase International against RISEx−0.100%7-day average −0.096% · 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−$27as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Funding, last 4 days (all we have)−0.179%−$18 on $10k
+Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.100%, 7d avg −0.096%
=The price spread sits at its 7-day average of −0.096%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx MSTR/USDC | 164.47 | 0.0291 | pay 0.0036% / 1h | 58m 03s | $269K | $447K | 10x |
| Short | Coinbase International MSTR-PERP-INTX | 164.31 | 0.0200 | get 0.0025% / 1h | 58m 03s | $1.4M | $1.1M | 10x |
RISEx MSTR/USDC
Coinbase International MSTR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against RISEx. 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
- −$19.15
- Price spread: −0.100% → −0.096%
- −$0.4
- Slippage, 4 orders
- −$10.15
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$45.7
- Costs to cover
- 0.261%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 5 min ago; Coinbase International: live order book, just now.
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, 5 min ago | 1.52 bp | 4.5 bp −$5 | 5.3 bp −$53 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, just now | 3.04 bp | 8.0 bp −$8 | 13.3 bp −$133 | 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 | −0.1182% | 8h | 164.55 | +0.046% | $27.5M | $114.6M | 25x | as long as short |
| Gate MSTR_USDT | −0.0114% | 8h | 164.26 | −0.131% | $4.6M | $18.3M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.33 | −0.088% | $1.2M | $7.2M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.16 | −0.192% | $20.8M | $99.1M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.41 | −0.040% | $2.8M | $69K | 10x | as long as short |
| Variational Omni MSTR | +0.0016% | 8h | 164.41 | −0.042% | $1.2M | $2.0M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.37 | −0.064% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.04 | −0.264% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.958% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.51 | +0.021% | $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 | 164.37 | −0.064% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.39 | −0.052% | $383K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.41 | −0.040% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.25 | −0.137% | $895K | $4.3M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.48 | +0.003% | $1.4M | $7.9M | 10x | as long as short |
| Binance MSTRUSDT | +0.0086% | 8h | 164.20 | −0.165% | $87.7M | $618.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.45 | −0.016% | $101K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.29 | −0.112% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.36 | −0.070% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.41 | −0.040% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.42 | −0.031% | $136 | — | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0106% | 1h | 164.16 | −0.192% | $55.0M | $36.6M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0154% | 8h | 164.48 | +0.002% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTXshort | +0.0200% | 1h | 164.31 | −0.100% | $1.4M | $1.1M | 10x | |
| GRVT MSTR_USDT_Perp | +0.0202% | 8h | 164.53 | +0.035% | $79K | $760K | 10x | as long as short |
| Nado MSTR-PERP | +0.0216% | 1h | 164.43 | −0.029% | $122K | $149K | 3x | as long as short |
| RISEx MSTR/USDClong | +0.0291% | 1h | 164.47 | long leg | $269K | $447K | 10x | |
| Bybit MSTRUSDT | +0.0347% | 8h | 164.26 | −0.131% | $17.0M | $40.8M | 50x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.45 | −0.017% | $55K | $219K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0443% | 4h | 164.44 | −0.021% | $50K | $5.5M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0724% | 1h | 164.48 | +0.003% | $280K | $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
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
tradeXYZ xyz:MSTR
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Nado MSTR-PERP
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL