MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0232%/8h= −25.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.029%

Price spread now: tradeXYZ against RISEx−0.009%7-day average −0.063% · 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−$26as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on RISEx Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.190%−$19 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now −0.009%, 7d avg −0.063%

Together, before fees−0.323%+ Points / potential airdroptradeXYZ: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.054% dearer against RISEx than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.063%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	166.13	0.0436	pay 0.0054% / 1h	45m 01s	$274K	$350K	10x
Short	tradeXYZ xyz:MSTR	166.12	0.0204	get 0.0025% / 1h	45m 01s	$54.9M	$34.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$48.72
Price spread: −0.009% → −0.063%: $5.38
Slippage, 4 orders: −$7.23
Fee RISEx: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$74.57
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; tradeXYZ: live order book, 8 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, 1 min ago	2.11 bp	5.1 bp −$5	5.9 bp −$59	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.60 bp	9.6 bp −$10	11.6 bp −$116	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	−0.551%	$7K	$28K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	166.21	+0.045%	$4.9M	$17.6M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.21	+0.045%	$32.0M	$105.1M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.17	+0.021%	$2.8M	$86K	10x	as long as short
Lighter MSTR	+0.0032%	1h	166.06	−0.045%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	166.00	−0.081%	$509K	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0043%	1h	166.04	−0.058%	$127K	$127K	3x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.25	+0.069%	—	$1.7M	25x	as long as short
QFEX MSTR-USD	+0.0050%	1h	166.05	−0.051%	$1.3M	$6.1M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.08	−0.033%	$383K	$2.3M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	166.11	−0.015%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.91	−0.135%	$870K	$3.3M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0072%	1h	165.78	−0.214%	$1.4M	$364K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	166.06	−0.043%	$101K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.09	−0.027%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.01	−0.075%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.13	−0.003%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.14	+0.005%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0115%	8h	166.04	−0.055%	$66	—	5x	as long as short
Bybit MSTRUSDT	+0.0203%	8h	166.16	+0.015%	$17.1M	$37.9M	50x	as long as short
tradeXYZ xyz:MSTRshort	+0.0204%	1h	166.12	−0.009%	$54.9M	$34.4M	10x
Aster MSTRUSDT	+0.0284%	8h	166.17	+0.021%	$1.8M	$7.0M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0292%	1h	166.07	−0.039%	$282K	$204K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0296%	8h	166.15	+0.009%	$21.6M	$83.2M	50x	as long as short
Phoenix MSTR	+0.0322%	1h	166.29	+0.092%	$56K	$213K	10x	as long as short
Variational Omni MSTR	+0.0373%	8h	166.18	+0.029%	$1.2M	$1.7M	—	as long as short
RISEx MSTR/USDClong	+0.0436%	1h	166.13	long leg	$274K	$350K	10x
Binance MSTRUSDT	+0.0468%	8h	166.15	+0.011%	$87.2M	$533.9M	50x	as long as short
BloFin MSTR-USDT	+0.0607%	8h	166.16	+0.015%	$1.1M	$2.0M	20x	as long as short
GRVT MSTR_USDT_Perp	+0.0641%	8h	166.25	+0.068%	$79K	$853K	10x	as long as short
Arcus MSTR-USD	+0.0824%	1h	166.17	+0.021%	$26K	$71K	10x	as long as short
edgeX MSTRUSDC	+0.0945%	4h	166.18	+0.028%	$48K	$4.9M	10x	as long as short