data as of
Settings8H · net · $10k
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Funding arb /

MSTR

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 14:00 UTC−0.0060%/8h
next payment, per $10,000−$0.08paid, last 24h+0.065%paid, last 7 days−0.102%to open and close $10k−$58
Long on Coinbase InternationalShort on Pacifica
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MSTR-PERP-INTX164.860.0160pay 0.0020% / 1h40m 23s$1.5M$1.2M10x
ShortPacifica MSTR165.180.0100get 0.0013% / 1h40m 23s$101K$176K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$12.6
Slippage, 4 orders
−$39.7
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$70.3
Break-even
never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Pacifica: live order book, 14 min ago.

Price risk

price view
Price gap now
+0.194%
Avg gap 7d
+0.052%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 5 min ago6.96 bp12.0 bp −$1216.1 bp −$161doesn't fitdoesn't fit
Sell Pacifica live order book, 14 min ago3.17 bp19.9 bp −$20doesn't fitdoesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective MSTR/USDC PERP−0.0440%1h$12K$103K30xas long as short
Gate MSTR_USDT0.0000%8h$5.0M$18.4M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$30K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$489K$2.2M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.3M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$416K$1.6M10xas long as short
SoDEX MSTR-USD+0.0050%1h$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$838K$4.3M10xas long as short
QFEX MSTR-USD+0.0057%1h$1.3M$8.9M10xas long as short
Nado MSTR-PERP+0.0062%1h$154K$249K3xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica MSTRshort+0.0100%1h$101K$176K10x
ApeX Omni MSTRUSDT+0.0100%1h$131K$2.4M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$14K10xas long as short
Aevo MSTR-PERP+0.0104%1h$137—10xas long as short
KuCoin MSTRUSDTM+0.0117%8h$3.2M$2.1M20xas long as short
Paradex MSTR-USD-PERP+0.0119%8h$66—5xas long as short
Lighter MSTR+0.0144%1h$3.5M$2.9M10xas long as short
Coinbase International MSTR-PERP-INTXlong+0.0160%1h$1.5M$1.2M10x
tradeXYZ xyz:MSTR+0.0164%1h$56.0M$29.4M10xas long as short
Bybit MSTRUSDT+0.0207%8h$15.7M$41.6M50xas long as short
edgeX MSTRUSDC+0.0314%4h$61K$4.1M10xas long as short
Phoenix MSTR+0.0320%1h$54K$334K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0357%1h$280K$452K10xas long as short
Variational Omni MSTR+0.0364%8h$1.3M$2.1M—as long as short
OKX MSTR-USDT-SWAP+0.0376%8h$21.5M$94.7M50xas long as short
Bitget MSTRUSDT+0.0420%8h$28.7M$104.9M25xas long as short
Binance MSTRUSDT+0.0432%8h$85.5M$471.0M50xas long as short
Aster MSTRUSDT+0.0464%8h$1.7M$4.9M50xas long as short
BloFin MSTR-USDT+0.0566%8h$1.1M$1.4M20xas long as short
RISEx MSTR/USDC+0.0566%1h$192K$391K10xas long as short
Arcus MSTR-USD+0.0991%1h$26K$123K10xas long as short