data as of
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Funding arb /

MSTR

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Funding spread now, next payment 18:00 UTC+0.0098%/8h
paid, last 24h−0.028%paid, last 7 days−0.015%to open and close $10k−$40
Long on PacificaShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica MSTR166.000.0100pay 0.0013% / 1h22m 07s$102K$153K10x
ShortBybit MSTRUSDT166.010.0198get 0.0198% / 8h6h 22m$15.4M$41.8M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$20.5
Slippage, 4 orders
−$21
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$19.51
Break-even
13.7 days
Slippage from Pacifica: live order book, 17 min ago; Bybit: live order book, 3 min ago.

Price risk

price view
Price gap now
+0.008%
Avg gap 7d
+0.022%
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 Pacifica live order book, 17 min ago1.50 bp7.6 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago1.51 bp8.5 bp −$816.1 bp −$16164.2 bp −$6,418doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Nado MSTR-PERP−0.0001%1h$124K$244K3xas long as short
Gate MSTR_USDT0.0000%8h$4.8M$18.6M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$43K10xas long as short
RISEx MSTR/USDC+0.0017%1h$286K$465K10xas long as short
Lighter MSTR+0.0032%1h$3.6M$2.6M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$573K$2.1M10xas long as short
QFEX MSTR-USD+0.0041%1h$1.4M$9.6M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$403K$2.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h$755K$4.7M10xas long as short
tradeXYZ xyz:MSTR+0.0071%1h$56.3M$32.5M10xas long as short
Paradex MSTR-USD-PERP+0.0078%8h$66—5xas long as short
Pacifica MSTRlong+0.0100%1h$102K$153K10x
KuCoin MSTRUSDTM+0.0100%8h$2.5M$2.6M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$4K$1.4M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.1M10xas long as short
Variational Omni MSTR+0.0134%8h$1.2M$2.2M—as long as short
OKX MSTR-USDT-SWAP+0.0164%8h$22.2M$102.2M50xas long as short
edgeX MSTRUSDC+0.0165%4h$49K$5.1M10xas long as short
Aster MSTRUSDT+0.0187%8h$1.3M$6.1M50xas long as short
Binance MSTRUSDT+0.0192%8h$88.4M$587.0M50xas long as short
Bybit MSTRUSDTshort+0.0198%8h$15.4M$41.8M50x
Phoenix MSTR+0.0215%1h$53K$388K10xas long as short
Bitget MSTRUSDT+0.0235%8h$28.5M$112.4M25xas long as short
Injective MSTR/USDC PERP+0.0249%1h$12K$68K30xas long as short
BloFin MSTR-USDT+0.0311%8h$1.1M$1.5M20xas long as short
Arcus MSTR-USD+0.0599%1h$27K$125K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0714%1h$284K$467K10xas long as short