MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.026%

Price spread now: Pacifica against tradeXYZ+0.015%54s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.390% of the position

Long on tradeXYZ Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.015%, 7d avg +0.029%

Together, before fees−0.067%+ Points / potential airdroptradeXYZ: Active · Pacifica: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	168.77	0.0148	pay 0.0019% / 1h	18m 50s	$57.0M	$37.2M	10x
Short	Pacifica MSTR	168.79	0.0100	get 0.0013% / 1h	18m 50s	$104K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.015%Rate

Funding earned: −$10.13
Price spread: +0.015% → +0.029%: −$1.43
Slippage, 4 orders: −$13.03
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$50.6
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; Pacifica: live order book, 59 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	9.3 bp −$9	14.4 bp −$144	doesn't fit	doesn't fit
Sell Pacifica live order book, 59 min ago	2.60 bp	13.8 bp −$14	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	−0.0037%	1h	168.81	+0.025%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.82	+0.027%	$1.2M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.81	+0.024%	$4.7M	$19.5M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	168.80	+0.019%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.85	+0.047%	$2.9M	$66K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	168.88	+0.062%	$275K	$441K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0002%	8h	168.88	+0.065%	$21.9M	$106.2M	50x	as long as short
BloFin MSTR-USDT	+0.0028%	8h	168.86	+0.053%	$1.1M	$1.9M	20x	as long as short
Lighter MSTR	+0.0032%	1h	168.79	+0.012%	$3.6M	$2.4M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.78	+0.006%	$581K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	+0.0040%	8h	168.85	+0.047%	$28.6M	$120.0M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0043%	8h	168.83	+0.036%	$77K	$871K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.88	+0.065%	—	$2.1M	25x	as long as short
QFEX MSTR-USD	+0.0049%	1h	168.82	+0.030%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.72	−0.030%	$394K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.83	+0.036%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.71	−0.036%	$772K	$5.2M	10x	as long as short
Binance MSTRUSDT	+0.0053%	8h	168.82	+0.030%	$89.1M	$629.1M	50x	as long as short
Bybit MSTRUSDT	+0.0076%	8h	168.84	+0.041%	$15.1M	$40.4M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.012%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTRshort	+0.0100%	1h	168.79	+0.015%	$104K	$87K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	168.78	+0.006%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.77	0.000%	$4K	$321K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.82	+0.030%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.21	+0.261%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.83	+0.034%	$140	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0110%	8h	168.82	+0.030%	$68	—	5x	as long as short
tradeXYZ xyz:MSTRlong	+0.0148%	1h	168.77	long leg	$57.0M	$37.2M	10x
edgeX MSTRUSDC	+0.0231%	4h	168.79	+0.014%	$47K	$5.5M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	168.92	+0.088%	$56K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0402%	1h	168.91	+0.083%	$287K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	168.91	+0.083%	$27K	$129K	10x	as long as short