MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.038%

Price spread now: Pacifica against Vest−0.118%7-day average +0.919% · you buy dearer than you sell

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

Long on Vest Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.132%+$13 on $10k

Price spread, last 3 days (all we have)−0.251%−$25 · spread now −0.118%, 7d avg +0.919%

Together, before fees−0.119%+ Points / potential airdropVest: Active · Pacifica: Active · farm board−$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 1.037% cheaper against Vest than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of +0.919%). If the spread goes back, that is −$104 on $10k: about 2 months of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.132% in total) that is about 25 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSTR-USD-PERP	169.65	0.0046	pay 0.0006% / 1h	52m 27s	—	$2.1M	25x
Short	Pacifica MSTR	169.45	0.0100	get 0.0013% / 1h	52m 27s	$105K	$104K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.118%Rate

Funding earned: $11.41
Price spread: −0.118% → +0.919%: −$103.66
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$102.26
Costs to cover: 0.100%
Break-even: 69.7 days

Slippage unknown: Vest: no order-book sample; Pacifica: live order book, 25 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 Pacifica live order book, 25 min ago	2.60 bp	13.8 bp −$14	doesn't fit	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
BloFin MSTR-USDT	−0.0021%	8h	169.65	0.000%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.22	−0.253%	$1.2M	$6.1M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.54	−0.065%	$89.5M	$629.2M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.50	−0.088%	$22.1M	$106.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.50	−0.088%	$4.8M	$19.3M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.38	−0.158%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.52	−0.077%	$83K	$875K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.58	−0.041%	$2.9M	$64K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.50	−0.085%	$276K	$442K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.25	−0.233%	$583K	$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
Vest MSTR-USD-PERPlong	+0.0046%	1h	169.65	long leg	—	$2.1M	25x
QFEX MSTR-USD	+0.0049%	1h	169.53	−0.071%	$1.5M	$10.2M	10x	as long as short
Bitget MSTRUSDT	+0.0050%	8h	169.46	−0.112%	$28.7M	$120.6M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.42	−0.136%	$393K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.40	−0.147%	$781K	$5.2M	10x	as long as short
Bybit MSTRUSDT	+0.0085%	8h	169.54	−0.065%	$15.2M	$40.6M	50x	as long as short
Nado MSTR-PERP	+0.0090%	1h	169.37	−0.163%	$140K	$97K	3x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	169.09	−0.330%	$1.5M	$1.2M	10x	as long as short
Pacifica MSTRshort	+0.0100%	1h	169.45	−0.118%	$105K	$104K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	169.30	−0.206%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.06	−0.348%	$4K	$394K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.53	−0.071%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.08	−0.336%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.55	−0.060%	$141	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0117%	8h	169.53	−0.070%	$68	—	5x	as long as short
Lighter MSTR	+0.0152%	1h	169.49	−0.094%	$3.6M	$2.4M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0174%	1h	169.50	−0.088%	$57.2M	$37.4M	10x	as long as short
SoDEX MSTR-USD	+0.0177%	1h	169.61	−0.024%	$45K	$3K	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.50	−0.090%	$57K	$392K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.56	−0.053%	$27K	$129K	10x	as long as short
edgeX MSTRUSDC	+0.0789%	4h	169.52	−0.079%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1048%	1h	169.66	+0.006%	$289K	$439K	10x	as long as short