MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h +0.080%

Price spread now: Arcus against Aevo+0.207%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Arcus is 0.207% dearer against Aevo than usual: you sell high and buy low (spread +0.207% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSTR-PERP	164.46	0.0104	pay 0.0013% / 1h	19m 41s	$137	—	10x
Short	Arcus MSTR-USD	164.80	0.0040	get 0.0005% / 1h	19m 41s	$27K	$113K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aevo. 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 AevobpFee ArcusbpOrdersPrice spread, now +0.207%Rate

Funding earned: −$13.38
Price spread: +0.207% → 0.000%: $20.7
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$13.18
Costs to cover: 0.205%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; Arcus: live order book, 48 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 Aevo no order-book sample	—	—	—	—	—
Sell Arcus live order book, 48 min ago	10.18 bp	13.6 bp −$14	35.2 bp −$352	doesn't fit	doesn't fit

Aevo: 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 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	−0.1059%	8h	164.74	+0.171%	$27.5M	$115.5M	25x	as long as short
Gate MSTR_USDT	−0.0161%	8h	164.63	+0.104%	$4.6M	$19.1M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.58	+0.076%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.61	+0.091%	$20.9M	$100.6M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.61	+0.093%	$269K	$447K	10x	as long as short
Variational Omni MSTR	0.0000%	8h	164.70	+0.149%	$1.2M	$2.1M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.71	+0.152%	$2.8M	$68K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.43	−0.018%	$596K	$2.0M	10x	as long as short
Arcus MSTR-USDshort	+0.0040%	1h	164.80	+0.207%	$27K	$113K	10x
Vest MSTR-USD-PERP	+0.0046%	1h	164.54	+0.049%	—	$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	164.37	−0.054%	$910K	$4.6M	10x	as long as short
Binance MSTRUSDT	+0.0062%	8h	164.63	+0.104%	$87.8M	$623.8M	50x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.58	+0.073%	$1.4M	$8.2M	10x	as long as short
SoDEX MSTR-USD	+0.0064%	1h	164.46	0.000%	$43K	$3K	10x	as long as short
Lighter MSTR	+0.0072%	1h	164.51	+0.031%	$3.5M	$1.9M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0092%	1h	164.49	+0.019%	$383K	$2.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.58	+0.073%	$101K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.49	+0.019%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.85	+0.237%	$4K	$188K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.43	−0.018%	$3K	$8K	10x	as long as short
Aevo MSTR-PERPlong	+0.0104%	1h	164.46	long leg	$137	—	10x
GRVT MSTR_USDT_Perp	+0.0148%	8h	165.00	+0.328%	$79K	$810K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.40	−0.036%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0173%	8h	164.54	+0.047%	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0244%	1h	164.50	+0.025%	$55.2M	$36.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.968%	$8K	$26K	30x	as long as short
Nado MSTR-PERP	+0.0371%	1h	164.36	−0.062%	$111K	$143K	3x	as long as short
Phoenix MSTR	+0.0381%	1h	164.99	+0.324%	$55K	$219K	10x	as long as short
Bybit MSTRUSDT	+0.0384%	8h	164.65	+0.116%	$17.1M	$41.2M	50x	as long as short
edgeX MSTRUSDC	+0.0596%	4h	164.80	+0.206%	$48K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0906%	1h	164.52	+0.037%	$280K	$438K	10x	as long as short