MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.098%

Price spread now: Vest against Arcus−0.302%7-day average −0.767% · you buy dearer than you sell

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

Long on Arcus Short on Vest

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)+1.439%+$144 · spread now −0.302%, 7d avg −0.767%

Together, before fees+1.345%+ Points / potential airdropVest: Active · farm board+$135 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.465% dearer against Arcus than usual: you sell high and buy low (spread −0.302% now, against its 7-day average of −0.767%): +$46 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 3 days (−0.094% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSTR-USD	162.01	0.0040	pay 0.0005% / 1h	24m 14s	$26K	$109K	10x
Short	Vest MSTR-USD-PERP	161.52	0.0027	get 0.0003% / 1h	24m 14s	—	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Arcus. 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 ArcusbpFee VestbpOrdersPrice spread, now −0.302%Rate

Funding earned: −$2.78
Price spread: −0.302% → −0.767%: $46.48
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Vest: 1 bp × 2 orders: −$2
Net: $37.2
Costs to cover: 0.065%
Break-even: from the start

Slippage unknown: Arcus: live order book, 24 min ago; Vest: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 24 min ago	7.32 bp	11.1 bp −$11	43.1 bp −$431	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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	−0.1265%	8h	162.31	+0.185%	$26.9M	$117.9M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	161.95	−0.038%	$1.7M	$8.7M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.12	+0.068%	$4.7M	$19.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.30	+0.179%	$2.7M	$77K	10x	as long as short
Vest MSTR-USD-PERPshort	+0.0027%	1h	161.52	−0.302%	—	$1.8M	25x
Extended MSTR_24_5-USD	+0.0032%	1h	161.91	−0.062%	$495K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.524%	$8K	$26K	30x	as long as short
Arcus MSTR-USDlong	+0.0040%	1h	162.01	long leg	$26K	$109K	10x
Polymarket Perps MSTR-USD	+0.0050%	1h	161.99	−0.012%	$374K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	161.95	−0.037%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	161.69	−0.198%	$863K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	162.04	+0.019%	$1.3M	$7.3M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	162.03	+0.015%	$263K	$443K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0096%	8h	162.07	+0.037%	$20.4M	$99.7M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	162.04	+0.018%	$99K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	161.91	−0.062%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	161.54	−0.290%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	161.98	−0.019%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	161.97	−0.027%	$134	—	10x	as long as short
Variational Omni MSTR	+0.0121%	8h	161.70	−0.189%	$1.2M	$2.1M	—	as long as short
Lighter MSTR	+0.0144%	1h	162.04	+0.019%	$3.4M	$2.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0146%	8h	161.98	−0.021%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	161.52	−0.302%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0196%	8h	162.08	+0.043%	$83.7M	$627.6M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0209%	8h	162.29	+0.175%	$77K	$849K	10x	as long as short
BloFin MSTR-USDT	+0.0314%	8h	162.02	+0.006%	$1.0M	$2.1M	20x	as long as short
tradeXYZ xyz:MSTR	+0.0333%	1h	161.96	−0.031%	$53.8M	$37.1M	10x	as long as short
Nado MSTR-PERP	+0.0360%	1h	161.94	−0.045%	$129K	$157K	3x	as long as short
Phoenix MSTR	+0.0362%	1h	162.41	+0.247%	$55K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0375%	8h	162.16	+0.093%	$16.7M	$41.8M	50x	as long as short
edgeX MSTRUSDC	+0.0394%	4h	161.77	−0.148%	$44K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0924%	1h	162.09	+0.049%	$276K	$438K	10x	as long as short