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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.01 per $10,000 · paid last 24h −0.061%
Price spread now: Injective against Arcus+3.351%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ArcusShort on Injective
What this pair did over the last
the charts below follow
Funding, last 4 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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 3.351% dearer against Arcus than usual: you sell high and buy low, +$335 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus MSTR-USD163.850.0040pay 0.0005% / 1h49m 55s$26K$109K10x
ShortInjective MSTR/USDC PERP169.340.0033get 0.0004% / 1h49m 55s$8K$26K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Arcus. 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

Funding earned
−$1.46
Price spread: +3.351% → 0.000%
$335.06
Slippage, 4 orders
no order book: not counted
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$329.08
Costs to cover
0.045%
Break-even
from the start
Slippage unknown: Arcus: live order book, 63 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 63 min ago6.07 bp10.0 bp −$1039.7 bp −$397doesn't fitdoesn't fit
Sell Injective no order-book sample—————
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0976%8h163.89+0.024%$27.0M$117.0M25xas long as short
Aster MSTRUSDT0.0000%8h163.79−0.036%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.83−0.012%$4.6M$19.2M50xas long as short
Phemex MSTRUSDT0.0000%4h164.01+0.098%$2.8M$77K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.59−0.156%$596K$1.9M10xas long as short
Injective MSTR/USDC PERPshort+0.0033%1h169.34+3.351%$8K$26K30x
Arcus MSTR-USDlong+0.0040%1h163.85long leg$26K$109K10x
Vest MSTR-USD-PERP+0.0046%1h163.56−0.177%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.82−0.018%$379K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.71−0.085%$830K$3.9M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0054%1h163.84−0.006%$1.4M$7.2M10xas long as short
OKX MSTR-USDT-SWAP+0.0063%8h163.77−0.049%$20.6M$99.4M50xas long as short
SoDEX MSTR-USD+0.0071%1h163.71−0.085%$43K$3K10xas long as short
RISEx MSTR/USDC+0.0088%1h163.91+0.037%$266K$446K10xas long as short
Pacifica MSTR+0.0100%1h163.84−0.004%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.66−0.116%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.59−0.159%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.78−0.043%$4K$8K10xas long as short
Variational Omni MSTR+0.0103%8h163.88+0.016%$1.2M$2.1M—as long as short
Aevo MSTR-PERP+0.0104%1h163.81−0.026%$136—10xas long as short
Paradex MSTR-USD-PERP+0.0110%8h163.84−0.008%$66—5xas long as short
GRVT MSTR_USDT_Perp+0.0160%8h163.86+0.006%$79K$838K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.171%$1.4M$1.1M10xas long as short
Binance MSTRUSDT+0.0171%8h163.76−0.055%$85.7M$619.6M50xas long as short
Lighter MSTR+0.0224%1h163.68−0.104%$3.5M$1.9M10xas long as short
BloFin MSTR-USDT+0.0287%8h163.93+0.049%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0331%8h163.81−0.024%$16.7M$41.2M50xas long as short
Nado MSTR-PERP+0.0343%1h163.70−0.095%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0351%1h163.71−0.085%$54.5M$37.1M10xas long as short
Phoenix MSTR+0.0362%1h163.69−0.096%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0496%4h163.67−0.112%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0972%1h163.86+0.006%$279K$438K10xas long as short