Funding you earn now, next payment 06:00 UTC+0.1154%/8h= +126.4% APRpaid last 24h −0.005%
Price spread now: Pacifica against Bitget−0.121%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$340.336% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.121%, 7d avg −0.033%
=Together, before fees+0.148%+ Points / potential airdropPacifica: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.088% cheaper against Bitget than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.033%). If the spread goes back, that is −$9 on $10k: about 6 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.111% in total) that is about 5.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.111% in total (about 5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSTRUSDT | 163.38 | −0.1054 | get 0.1054% / 8h | 2h 35m | $27.1M | $117.6M | 25x |
| Short | Pacifica MSTR | 163.18 | 0.0100 | get 0.0013% / 1h | 35m 26s | $100K | $84K | 10x |
Bitget MSTRUSDT
Pacifica MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $242.34
- Price spread: −0.121% → −0.033%
- −$8.83
- Slippage, 4 orders
- −$13.58
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $199.92
- Costs to cover
- 0.336%
- Break-even
- 1.2 days
Slippage from Bitget: live order book, 4 min ago; Pacifica: live order book, 12 min ago.
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 Bitget live order book, 4 min ago | 0.31 bp | 7.4 bp −$7 | 10.0 bp −$100 | 26.0 bp −$2,602 | doesn't fit |
| Sell Pacifica live order book, 12 min ago | 0.67 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
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 MSTRUSDTlong | −0.1054% | 8h | 163.38 | long leg | $27.1M | $117.6M | 25x | |
| Aster MSTRUSDT | 0.0000% | 8h | 163.17 | −0.131% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.25 | −0.080% | $4.7M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.53 | +0.092% | $2.8M | $77K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.92 | −0.282% | $593K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.648% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.09 | −0.178% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0041% | 1h | 162.79 | −0.361% | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 162.99 | −0.239% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.88 | −0.306% | $856K | $3.9M | 10x | as long as short |
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
SoDEX MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0051% | 1h | 163.09 | −0.178% | $377K | $2.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 163.15 | −0.141% | $1.4M | $7.2M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.14 | −0.148% | $265K | $443K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0088% | 8h | 163.18 | −0.122% | $20.7M | $100.0M | 50x | as long as short |
| Pacifica MSTRshort | +0.0100% | 1h | 163.18 | −0.121% | $100K | $84K | 10x | |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.04 | −0.208% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.88 | −0.306% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.00 | −0.233% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.02 | −0.220% | $135 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0124% | 8h | 163.00 | −0.233% | $1.2M | $2.1M | — | as long as short |
| Paradex MSTR-USD-PERP | +0.0148% | 8h | 163.11 | −0.165% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 162.54 | −0.514% | $1.4M | $1.1M | 10x | as long as short |
| Lighter MSTR | +0.0184% | 1h | 163.08 | −0.184% | $3.5M | $1.9M | 10x | as long as short |
| Binance MSTRUSDT | +0.0193% | 8h | 163.20 | −0.110% | $84.7M | $624.7M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0200% | 8h | 163.11 | −0.168% | $79K | $831K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0208% | 4h | 162.93 | −0.274% | $48K | $5.4M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0308% | 8h | 163.08 | −0.184% | $1.0M | $2.1M | 20x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.10 | −0.171% | $55K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0365% | 8h | 163.27 | −0.067% | $16.7M | $41.3M | 50x | as long as short |
| Nado MSTR-PERP | +0.0373% | 1h | 162.94 | −0.267% | $130K | $156K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0373% | 1h | 163.12 | −0.159% | $54.3M | $37.1M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0916% | 1h | 163.08 | −0.184% | $277K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
QFEX MSTR-USD
RISEx MSTR/USDC
OKX MSTR-USDT-SWAP
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Variational Omni MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Lighter MSTR
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
edgeX MSTRUSDC
BloFin MSTR-USDT
Phoenix MSTR
Bybit MSTRUSDT
Nado MSTR-PERP
tradeXYZ xyz:MSTR
Deribit MSTR_USDC-PERPETUAL