MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h −0.100%

Price spread now: QFEX against RISEx−0.060%7-day average −0.029% · 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−$25as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on RISEx Short on QFEX

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)−0.027%−$3 · spread now −0.060%, 7d avg −0.029%

Together, before fees−0.355%−$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.031% cheaper against RISEx than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.029%). If the spread goes back, that is −$3 on $10k: about 5.0 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.328%, 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	164.38	0.0034	pay 0.0004% / 1h	17m 49s	$267K	$449K	10x
Short	QFEX MSTR-USD	164.28	0.0054	get 0.0007% / 1h	17m 49s	$1.4M	$7.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $4.28
Price spread: −0.060% → −0.029%: −$3.07
Slippage, 4 orders: −$6.06
Fee RISEx: 3 bp × 2 orders: −$6
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$20.85
Costs to cover: 0.221%
Break-even: 41.1 days

Slippage from RISEx: live order book, 41 min ago; QFEX: 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 RISEx live order book, 41 min ago	0.61 bp	3.6 bp −$4	4.9 bp −$49	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.52 bp	6.5 bp −$7	8.2 bp −$82	16.2 bp −$1,621	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	−0.0941%	8h	164.65	+0.165%	$27.8M	$115.1M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.38	+0.002%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.47	+0.056%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.34	−0.023%	$2.8M	$73K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0006%	8h	164.52	+0.086%	$20.6M	$99.5M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.29	−0.054%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.31	−0.039%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.018%	$8K	$26K	30x	as long as short
RISEx MSTR/USDClong	+0.0034%	1h	164.38	long leg	$267K	$449K	10x
Arcus MSTR-USD	+0.0040%	1h	164.53	+0.092%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.21	−0.103%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.27	−0.066%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.33	−0.030%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.48	+0.062%	$852K	$4.0M	10x	as long as short
QFEX MSTR-USDshort	+0.0054%	1h	164.28	−0.060%	$1.4M	$7.4M	10x
Variational Omni MSTR	+0.0075%	8h	164.40	+0.016%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.26	−0.073%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.34	−0.023%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.38	+0.001%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.31	−0.042%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.33	−0.029%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0134%	8h	164.29	−0.055%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0138%	8h	164.46	+0.048%	$87.6M	$616.5M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0157%	8h	164.67	+0.179%	$77K	$772K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.157%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.52	+0.087%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0228%	1h	164.37	−0.005%	$54.8M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0242%	1h	164.24	−0.082%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0257%	8h	164.48	+0.062%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0352%	8h	164.50	+0.074%	$17.0M	$40.7M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0603%	1h	164.35	−0.017%	$279K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0824%	4h	164.54	+0.098%	$49K	$5.4M	10x	as long as short