Funding you earn now, next payment 02:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h +0.082%
Price spread now: Arcus against Orderly+0.103%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Arcus is 0.103% dearer against Orderly than usual: you sell high and buy low (spread +0.103% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MSTR_USDC_mythos | 164.61 | 0.0100 | pay 0.0100% / 8h | 6h 18m | $3K | $8K | 10x |
| Short | Arcus MSTR-USD | 164.78 | 0.0040 | get 0.0005% / 1h | 18m 29s | $26K | $113K | 10x |
Orderly PERP_MSTR_USDC_mythos
Arcus MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Orderly. 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
- −$12.54
- Price spread: +0.103% → 0.000%
- $10.33
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$12.71
- Costs to cover
- 0.105%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Arcus: live order book, 49 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 49 min ago | 10.18 bp | 13.6 bp −$14 | 35.2 bp −$352 | doesn't fit | doesn't fit |
Orderly: 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 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 | −0.1067% | 8h | 164.86 | +0.152% | $27.5M | $115.5M | 25x | as long as short |
| Gate MSTR_USDT | −0.0166% | 8h | 164.76 | +0.091% | $4.6M | $19.1M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.72 | +0.069% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.68 | +0.043% | $20.9M | $100.6M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 164.65 | +0.024% | $270K | $447K | 10x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 164.70 | +0.057% | $1.2M | $2.1M | — | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.72 | +0.067% | $2.8M | $68K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.57 | −0.021% | $596K | $2.0M | 10x | as long as short |
| Arcus MSTR-USDshort | +0.0040% | 1h | 164.78 | +0.103% | $26K | $113K | 10x | |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.61 | 0.000% | — | $1.8M | 25x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Vest MSTR-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.48 | −0.079% | $910K | $4.5M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0052% | 1h | 164.57 | −0.024% | $43K | $3K | 10x | as long as short |
| Binance MSTRUSDT | +0.0063% | 8h | 164.68 | +0.043% | $87.8M | $623.7M | 50x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 164.75 | +0.085% | $1.4M | $8.1M | 10x | as long as short |
| Lighter MSTR | +0.0072% | 1h | 164.64 | +0.018% | $3.5M | $1.9M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0090% | 1h | 164.62 | +0.006% | $384K | $2.7M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.73 | +0.072% | $101K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.66 | +0.030% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.56 | −0.030% | $4K | $188K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythoslong | +0.0100% | 8h | 164.61 | long leg | $3K | $8K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.60 | −0.006% | $137 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0148% | 8h | 165.00 | +0.236% | $79K | $810K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.40 | −0.128% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0175% | 8h | 164.73 | +0.074% | $66 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0244% | 1h | 164.67 | +0.036% | $55.2M | $36.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +2.873% | $8K | $26K | 30x | as long as short |
| Nado MSTR-PERP | +0.0366% | 1h | 164.47 | −0.083% | $111K | $143K | 3x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.70 | +0.052% | $55K | $219K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0386% | 8h | 164.70 | +0.055% | $17.1M | $41.1M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0596% | 4h | 164.80 | +0.114% | $48K | $5.5M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0966% | 1h | 164.67 | +0.036% | $280K | $438K | 10x | as long as short |
Ondo Perps MSTR-USD.P
SoDEX MSTR-USD
Binance MSTRUSDT
QFEX MSTR-USD
Lighter MSTR
Polymarket Perps MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aevo MSTR-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
Injective MSTR/USDC PERP
Nado MSTR-PERP
Phoenix MSTR
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL