MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h −0.001%

Price spread now: QFEX against Extended+0.100%7-day average +0.041% · 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−$21as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Extended Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.140%−$14 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.100%, 7d avg +0.041%

Together, before fees−0.220%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.059% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.041%. Mind the row above: over the last 4 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	164.81	0.0032	pay 0.0004% / 1h	27m 28s	$595K	$1.9M	10x
Short	QFEX MSTR-USD	164.98	0.0060	get 0.0007% / 1h	27m 28s	$1.4M	$7.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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

Position, each leg$Hold fordaysFee ExtendedbpFee QFEXbpOrdersPrice spread, now +0.100%Rate

Funding earned: $5.78
Price spread: +0.100% → +0.041%: $5.91
Slippage, 4 orders: −$12.34
Fee Extended: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$15.65
Costs to cover: 0.273%
Break-even: 26.0 days

Slippage from Extended: live order book, 1 min ago; QFEX: live order book, 6 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 Extended live order book, 1 min ago	2.12 bp	5.4 bp −$5	21.9 bp −$219	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.52 bp	6.5 bp −$7	7.9 bp −$79	14.5 bp −$1,455	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 MSTRUSDT	−0.1175%	8h	165.07	+0.155%	$27.7M	$114.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.98	+0.100%	$1.9M	$8.5M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.99	+0.106%	$20.7M	$99.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	165.06	+0.149%	$4.6M	$18.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.14	+0.197%	$2.8M	$71K	10x	as long as short
Lighter MSTR	+0.0032%	1h	164.96	+0.088%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	164.81	long leg	$595K	$1.9M	10x
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.746%	$8K	$26K	30x	as long as short
Variational Omni MSTR	+0.0034%	8h	165.14	+0.198%	$1.2M	$2.1M	—	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.10	+0.173%	$27K	$112K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	165.07	+0.155%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.93	+0.070%	$384K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.94	+0.076%	$868K	$4.2M	10x	as long as short
QFEX MSTR-USDshort	+0.0060%	1h	164.98	+0.100%	$1.4M	$7.6M	10x
tradeXYZ xyz:MSTR	+0.0061%	1h	164.87	+0.033%	$54.9M	$36.8M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.92	+0.062%	$101K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.96	+0.088%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.15	+0.203%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.13	+0.191%	$3K	$8K	10x	as long as short
Binance MSTRUSDT	+0.0101%	8h	164.97	+0.097%	$88.4M	$618.2M	50x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.12	+0.185%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.97	+0.094%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0167%	8h	165.20	+0.234%	$77K	$763K	10x	as long as short
SoDEX MSTR-USD	+0.0172%	1h	165.11	+0.179%	$43K	$3K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.09	−0.440%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0217%	1h	164.90	+0.054%	$122K	$150K	3x	as long as short
BloFin MSTR-USDT	+0.0220%	8h	165.14	+0.197%	$1.0M	$2.0M	20x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	165.03	+0.127%	$270K	$447K	10x	as long as short
Phoenix MSTR	+0.0336%	1h	165.09	+0.167%	$56K	$227K	10x	as long as short
Bybit MSTRUSDT	+0.0338%	8h	165.03	+0.130%	$17.2M	$40.7M	50x	as long as short
edgeX MSTRUSDC	+0.0473%	4h	165.16	+0.210%	$50K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0598%	1h	165.17	+0.215%	$281K	$438K	10x	as long as short