MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0005%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h +0.098%

Price spread now: Arcus against Vest+0.250%7-day average +0.773% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−1.344%−$134 · spread now +0.250%, 7d avg +0.773%

Together, before fees−1.250%+ Points / potential airdropVest: Active · farm board−$125 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.523% cheaper against Vest than usual: you would sell low and buy high, −$52 on $10k if it goes back to its 7-day average of +0.773%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSTR-USD-PERP	164.20	0.0046	pay 0.0006% / 1h	49m 49s	—	$1.7M	25x
Short	Arcus MSTR-USD	164.61	0.0040	get 0.0005% / 1h	49m 49s	$26K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee ArcusbpOrdersPrice spread, now +0.250%Rate

Funding earned: −$1.13
Price spread: +0.250% → +0.773%: −$52.34
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$59.97
Costs to cover: 0.065%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Arcus: live order book, 3 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell Arcus live order book, 3 min ago	6.07 bp	11.0 bp −$11	33.0 bp −$330	doesn't fit	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0884%	8h	164.45	+0.152%	$27.9M	$115.3M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.28	+0.051%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.32	+0.073%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.28	+0.049%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0030%	8h	164.32	+0.073%	$20.7M	$99.5M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.14	−0.037%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.130%	$8K	$26K	30x	as long as short
Arcus MSTR-USDshort	+0.0040%	1h	164.61	+0.250%	$26K	$109K	10x
Vest MSTR-USD-PERPlong	+0.0046%	1h	164.20	long leg	—	$1.7M	25x
Lighter MSTR	+0.0048%	1h	164.23	+0.018%	$3.5M	$1.9M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.26	+0.037%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.29	+0.055%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.30	+0.061%	$858K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.33	+0.079%	$1.4M	$7.3M	10x	as long as short
Variational Omni MSTR	+0.0100%	8h	164.47	+0.162%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.29	+0.052%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.23	+0.018%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.55	+0.213%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.17	−0.018%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.22	+0.009%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.25	+0.033%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0159%	8h	164.29	+0.055%	$86.7M	$615.9M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.049%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0171%	8h	164.74	+0.329%	$82K	$792K	10x	as long as short
edgeX MSTRUSDC	+0.0179%	4h	164.56	+0.220%	$49K	$5.3M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.31	+0.065%	$266K	$445K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0236%	1h	164.28	+0.049%	$54.7M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0243%	1h	164.15	−0.029%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	164.44	+0.146%	$1.0M	$2.0M	20x	as long as short
Phoenix MSTR	+0.0340%	1h	164.59	+0.236%	$56K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0342%	8h	164.39	+0.116%	$16.8M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0908%	1h	164.26	+0.037%	$279K	$438K	10x	as long as short