MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0404%/8h= −44.2% APRnext payment −$0.50 per $10,000 · paid last 24h −0.081%

Price spread now: Extended against RISEx−0.018%7-day average −0.103% · 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−$15as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on RISEx Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.213%−$21 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now −0.018%, 7d avg −0.103%

Together, before fees−0.382%+ Points / potential airdropExtended: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.085% dearer against RISEx than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.103%): +$8 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 4 days (−0.213% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	165.94	0.0436	pay 0.0054% / 1h	8m 50s	$274K	$348K	10x
Short	Extended MSTR_24_5-USD	165.91	0.0032	get 0.0004% / 1h	8m 50s	$535K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$84.82
Price spread: −0.018% → −0.103%: $8.45
Slippage, 4 orders: −$12.66
Fee RISEx: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$100.02
Costs to cover: 0.237%
Break-even: never at this rate

Slippage from RISEx: live order book, 37 min ago; Extended: live order book, 3 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, 37 min ago	2.11 bp	5.1 bp −$5	5.9 bp −$59	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	1.21 bp	5.5 bp −$6	15.4 bp −$154	doesn't fit	doesn't fit

MSTR on 32 exchanges

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
Injective MSTR/USDC PERP	−0.0263%	1h	165.22	−0.434%	$7K	$28K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	166.09	+0.090%	$4.9M	$17.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.09	+0.090%	$32.3M	$103.2M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.97	+0.018%	$2.8M	$83K	10x	as long as short
Lighter MSTR	+0.0032%	1h	165.99	+0.030%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USDshort	+0.0032%	1h	165.91	−0.018%	$535K	$1.9M	10x
Vest MSTR-USD-PERP	+0.0046%	1h	165.94	0.000%	—	$1.7M	25x	as long as short
QFEX MSTR-USD	+0.0050%	1h	165.89	−0.030%	$1.3M	$5.8M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.84	−0.060%	$391K	$2.4M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.90	−0.024%	$44K	$3K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.65	−0.175%	$858K	$3.2M	10x	as long as short
Nado MSTR-PERP	+0.0067%	1h	165.76	−0.107%	$127K	$127K	3x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0072%	1h	165.58	−0.217%	$1.4M	$356K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0091%	8h	165.82	−0.073%	$66	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	165.78	−0.099%	$101K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.87	−0.042%	$2.3M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.76	−0.108%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.87	−0.042%	$2K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.90	−0.022%	$138	—	10x	as long as short
Bybit MSTRUSDT	+0.0169%	8h	166.08	+0.084%	$16.6M	$37.9M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0222%	1h	165.97	+0.018%	$54.8M	$33.5M	10x	as long as short
Aster MSTRUSDT	+0.0257%	8h	165.97	+0.019%	$1.8M	$6.3M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0261%	8h	166.07	+0.078%	$21.8M	$80.5M	50x	as long as short
Phoenix MSTR	+0.0322%	1h	165.87	−0.045%	$55K	$213K	10x	as long as short
Variational Omni MSTR	+0.0351%	8h	165.80	−0.082%	$1.2M	$1.6M	—	as long as short
RISEx MSTR/USDClong	+0.0436%	1h	165.94	long leg	$274K	$348K	10x
Binance MSTRUSDT	+0.0436%	8h	166.04	+0.060%	$87.1M	$519.9M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0447%	8h	165.85	−0.055%	$85K	$922K	10x	as long as short
edgeX MSTRUSDC	+0.0544%	4h	165.84	−0.057%	$49K	$4.6M	10x	as long as short
BloFin MSTR-USDT	+0.0574%	8h	165.98	+0.024%	$1.1M	$2.0M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0654%	1h	165.99	+0.030%	$282K	$184K	10x	as long as short
Arcus MSTR-USD	+0.0824%	1h	165.95	+0.006%	$26K	$63K	10x	as long as short