MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.096%

Price spread now: RISEx against Coinbase International+0.037%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on Coinbase International Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.179%+$18 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.037%, 7d avg +0.096%

Together, before fees+0.154%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.060% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.096%). If the spread goes back, that is −$6 on $10k: about 2.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSTR-PERP-INTX	164.09	0.0200	pay 0.0025% / 1h	47m 55s	$1.4M	$1.1M	10x
Short	RISEx MSTR/USDC	164.15	0.0291	get 0.0036% / 1h	47m 55s	$269K	$447K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Coinbase International. 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 Coinbase InternationalbpFee RISExbpOrdersPrice spread, now +0.037%Rate

Funding earned: $19.15
Price spread: +0.037% → +0.096%: −$5.96
Slippage, 4 orders: −$12.18
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$14.99
Costs to cover: 0.282%
Break-even: 12.5 days

Slippage from Coinbase International: live order book, 1 min ago; RISEx: live order book, 15 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 Coinbase International live order book, 1 min ago	4.57 bp	9.6 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell RISEx live order book, 15 min ago	1.52 bp	4.5 bp −$5	6.3 bp −$63	doesn't fit	doesn't fit

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	−0.1241%	8h	164.26	+0.104%	$27.6M	$114.3M	25x	as long as short
Gate MSTR_USDT	−0.0018%	8h	164.09	0.000%	$4.6M	$18.4M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.05	−0.023%	$1.4M	$8.0M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.10	+0.006%	$20.8M	$98.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.29	+0.122%	$2.8M	$70K	10x	as long as short
Variational Omni MSTR	+0.0011%	8h	164.49	+0.246%	$1.2M	$2.0M	—	as long as short
Lighter MSTR	+0.0032%	1h	164.08	−0.006%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.95	−0.085%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.199%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.34	+0.152%	$26K	$112K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.05	−0.024%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.08	−0.006%	$382K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.10	+0.006%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.16	+0.043%	$880K	$4.3M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0059%	1h	164.03	−0.037%	$54.9M	$36.6M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	164.15	+0.037%	$1.4M	$7.8M	10x	as long as short
Binance MSTRUSDT	+0.0081%	8h	164.08	−0.006%	$87.8M	$618.4M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.14	+0.032%	$100K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.07	−0.012%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.33	+0.146%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.12	+0.018%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.08	−0.004%	$136	—	10x	as long as short
edgeX MSTRUSDC	+0.0137%	4h	164.24	+0.090%	$50K	$5.4M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0138%	8h	164.08	−0.007%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0154%	8h	164.57	+0.291%	$77K	$772K	10x	as long as short
Coinbase International MSTR-PERP-INTXlong	+0.0200%	1h	164.09	long leg	$1.4M	$1.1M	10x
Nado MSTR-PERP	+0.0202%	1h	164.04	−0.029%	$122K	$149K	3x	as long as short
RISEx MSTR/USDCshort	+0.0291%	1h	164.15	+0.037%	$269K	$447K	10x
Bybit MSTRUSDT	+0.0330%	8h	164.16	+0.043%	$17.0M	$40.7M	50x	as long as short
Phoenix MSTR	+0.0336%	1h	164.28	+0.114%	$55K	$227K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0604%	1h	164.15	+0.037%	$279K	$438K	10x	as long as short