MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0249%/8h= −27.2% APRnext payment −$0.31 per $10,000 · paid last 24h −0.120%

Price spread now: Pacifica against RISEx−0.022%7-day average −0.036% · 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−$20as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on RISEx Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.159%−$16 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now −0.022%, 7d avg −0.036%

Together, before fees−0.254%+ Points / potential airdropPacifica: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$7 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	169.59	0.0349	pay 0.0044% / 1h	55m 52s	$276K	$440K	10x
Short	Pacifica MSTR	169.55	0.0100	get 0.0013% / 1h	55m 52s	$105K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.022%Rate

Funding earned: −$52.26
Price spread: −0.022% → −0.036%: $1.39
Slippage, 4 orders: −$7.69
Fee RISEx: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$72.55
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from RISEx: live order book, 18 min ago; Pacifica: live order book, 17 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, 18 min ago	0.89 bp	3.9 bp −$4	5.5 bp −$55	doesn't fit	doesn't fit
Sell Pacifica live order book, 17 min ago	1.33 bp	8.6 bp −$9	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
Nado MSTR-PERP	−0.0072%	1h	169.58	−0.002%	$140K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.45	−0.080%	$1.3M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	169.66	+0.044%	$15.2M	$39.9M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.59	+0.003%	$22.0M	$104.7M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.56	−0.015%	$4.7M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.48	−0.062%	$2.9M	$66K	10x	as long as short
Variational Omni MSTR	+0.0002%	8h	169.63	+0.028%	$1.2M	$2.4M	—	as long as short
Lighter MSTR	+0.0032%	1h	169.53	−0.032%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.48	−0.064%	$581K	$1.7M	10x	as long as short
Bitget MSTRUSDT	+0.0035%	8h	169.61	+0.015%	$28.7M	$116.2M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0035%	1h	169.56	−0.015%	$1.5M	$10.2M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	169.70	+0.068%	$27K	$122K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.82	+0.139%	—	$2.1M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0046%	8h	169.55	−0.020%	$77K	$871K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.58	−0.003%	$400K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.58	−0.003%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.73	+0.086%	$765K	$5.1M	10x	as long as short
BloFin MSTR-USDT	+0.0057%	8h	169.81	+0.133%	$1.1M	$1.9M	20x	as long as short
Binance MSTRUSDT	+0.0073%	8h	169.60	+0.009%	$89.6M	$624.2M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.492%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0095%	8h	169.58	−0.001%	$68	—	5x	as long as short
Pacifica MSTRshort	+0.0100%	1h	169.55	−0.022%	$105K	$87K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	169.51	−0.044%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.29	−0.174%	$4K	$223K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.59	+0.003%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.58	−0.004%	$141	—	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.49	−0.056%	$13K	$21K	30x	as long as short
Phoenix MSTR	+0.0260%	1h	169.47	−0.066%	$57K	$384K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0306%	1h	169.65	+0.038%	$57.3M	$37.0M	10x	as long as short
RISEx MSTR/USDClong	+0.0349%	1h	169.59	long leg	$276K	$440K	10x
edgeX MSTRUSDC	+0.0365%	4h	169.54	−0.026%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0458%	1h	169.62	+0.021%	$288K	$438K	10x	as long as short