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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h +0.033%
Price spread now: Injective against Extended+3.689%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days−0.111%−$11 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 3.689% dearer against Extended than usual: you sell high and buy low, +$369 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MSTR_24_5-USD163.310.0032pay 0.0004% / 1h11m 01s$508K$2.0M10x
ShortInjective MSTR/USDC PERP169.340.0033get 0.0004% / 1h11m 01s$8K$26K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Extended. 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
$0.28
Price spread: +3.689% → 0.000%
$368.92
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$364.18
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Extended: live order book, 3 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 Extended live order book, 3 min ago3.06 bp6.3 bp −$627.1 bp −$271doesn'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−0.0696%8h163.63+0.193%$29.1M$118.7M25xas long as short
Gate MSTR_USDT0.0000%8h163.55+0.144%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.59+0.168%$2.8M$79K10xas long as short
Extended MSTR_24_5-USDlong+0.0032%1h163.31long leg$508K$2.0M10x
Injective MSTR/USDC PERPshort+0.0033%1h169.34+3.689%$8K$26K30x
Arcus MSTR-USD+0.0040%1h163.67+0.217%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.42+0.064%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.42+0.064%$378K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.52+0.126%$846K$3.9M10xas long as short
Aster MSTRUSDT+0.0055%8h163.36+0.027%$1.8M$8.7M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0055%1h163.45+0.083%$43K$3K10xas long as short
QFEX MSTR-USD+0.0057%1h163.47+0.095%$1.3M$7.1M10xas long as short
Pacifica MSTR+0.0100%1h163.44+0.076%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.43+0.070%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.45+0.083%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.45+0.083%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.48+0.101%$136—10xas long as short
Lighter MSTR+0.0112%1h163.38+0.040%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.099%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0163%8h163.41+0.058%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0169%8h163.49+0.107%$20.8M$100.1M50xas long as short
Variational Omni MSTR+0.0175%8h163.69+0.227%$1.2M$2.1M—as long as short
tradeXYZ xyz:MSTR+0.0243%1h163.42+0.064%$54.1M$37.2M10xas long as short
Binance MSTRUSDT+0.0251%8h163.51+0.119%$84.1M$625.9M50xas long as short
GRVT MSTR_USDT_Perp+0.0266%8h163.67+0.217%$84K$867K10xas long as short
edgeX MSTRUSDC+0.0309%4h163.63+0.190%$46K$5.4M10xas long as short
Phoenix MSTR+0.0328%1h163.77+0.278%$56K$223K10xas long as short
Nado MSTR-PERP+0.0358%1h163.31−0.005%$130K$157K3xas long as short
BloFin MSTR-USDT+0.0371%8h163.52+0.126%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.51+0.118%$265K$425K10xas long as short
Bybit MSTRUSDT+0.0388%8h163.52+0.126%$17.1M$41.8M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0975%1h163.48+0.101%$278K$437K10xas long as short