MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0203%/8h= −22.3% APRnext payment −$0.25 per $10,000 · paid last 24h +0.041%

Price spread now: Arcus against tradeXYZ+0.067%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on tradeXYZ Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.067%, 7d avg +0.056%

Together, before fees−0.081%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.016% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	164.67	0.0244	pay 0.0030% / 1h	18m 33s	$55.2M	$36.9M	10x
Short	Arcus MSTR-USD	164.78	0.0040	get 0.0005% / 1h	18m 33s	$26K	$113K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against tradeXYZ. 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 tradeXYZbpFee ArcusbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$42.68
Price spread: +0.067% → +0.056%: $1.1
Slippage, 4 orders: −$24.69
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$88.78
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; Arcus: live order book, 49 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 tradeXYZ live order book, 11 min ago	0.30 bp	9.6 bp −$10	12.1 bp −$121	doesn't fit	doesn't fit
Sell Arcus live order book, 49 min ago	10.18 bp	13.6 bp −$14	35.2 bp −$352	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	−0.1067%	8h	164.86	+0.115%	$27.5M	$115.5M	25x	as long as short
Gate MSTR_USDT	−0.0166%	8h	164.76	+0.055%	$4.6M	$19.1M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.72	+0.033%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.68	+0.006%	$20.9M	$100.6M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.65	−0.012%	$270K	$447K	10x	as long as short
Variational Omni MSTR	0.0000%	8h	164.70	+0.021%	$1.2M	$2.1M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.72	+0.030%	$2.8M	$68K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.57	−0.058%	$596K	$2.0M	10x	as long as short
Arcus MSTR-USDshort	+0.0040%	1h	164.78	+0.067%	$26K	$113K	10x
Vest MSTR-USD-PERP	+0.0046%	1h	164.61	−0.036%	—	$1.8M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.48	−0.115%	$910K	$4.5M	10x	as long as short
SoDEX MSTR-USD	+0.0052%	1h	164.57	−0.061%	$43K	$3K	10x	as long as short
Binance MSTRUSDT	+0.0063%	8h	164.68	+0.006%	$87.8M	$623.7M	50x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.75	+0.049%	$1.4M	$8.1M	10x	as long as short
Lighter MSTR	+0.0072%	1h	164.64	−0.018%	$3.5M	$1.9M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0090%	1h	164.62	−0.030%	$384K	$2.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.73	+0.036%	$101K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.66	−0.006%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.56	−0.067%	$4K	$188K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.61	−0.036%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.60	−0.043%	$137	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0148%	8h	165.00	+0.200%	$79K	$810K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.40	−0.164%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0175%	8h	164.73	+0.038%	$66	—	5x	as long as short
tradeXYZ xyz:MSTRlong	+0.0244%	1h	164.67	long leg	$55.2M	$36.9M	10x
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.836%	$8K	$26K	30x	as long as short
Nado MSTR-PERP	+0.0366%	1h	164.47	−0.120%	$111K	$143K	3x	as long as short
Phoenix MSTR	+0.0381%	1h	164.70	+0.016%	$55K	$219K	10x	as long as short
Bybit MSTRUSDT	+0.0386%	8h	164.70	+0.018%	$17.1M	$41.1M	50x	as long as short
edgeX MSTRUSDC	+0.0596%	4h	164.80	+0.078%	$48K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0966%	1h	164.67	0.000%	$280K	$438K	10x	as long as short