Funding you earn now, next payment 08:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.154%
Price spread now: edgeX against Pacifica−0.120%7-day average +0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$360.364% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.922%+$92 · spread now −0.120%, 7d avg +0.061%
=Together, before fees+0.869%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$87 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.181% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of +0.061%). If the spread goes back, that is −$18 on $10k: about 2.7 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MSTR | 162.99 | 0.0100 | pay 0.0013% / 1h | 11m 40s | $100K | $89K | 10x |
| Short | edgeX MSTRUSDC | 162.80 | 0.0324 | get 0.0162% / 4h | 11m 40s | $46K | $5.4M | 10x |
Pacifica MSTR
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Pacifica. 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
- $47.08
- Price spread: −0.120% → +0.061%
- −$18.07
- Slippage, 4 orders
- −$19.37
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$7.36
- Costs to cover
- 0.364%
- Break-even
- 8.1 days
Slippage from Pacifica: live order book, 72 min ago; edgeX: live order book, 2 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 Pacifica live order book, 72 min ago | 1.50 bp | 5.5 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 2 min ago | 5.52 bp | 10.5 bp −$10 | 17.5 bp −$175 | doesn't fit | 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 | −0.0454% | 8h | 163.23 | +0.146% | $29.5M | $119.1M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.12 | +0.079% | $4.7M | $19.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.11 | +0.073% | $2.7M | $84K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.88 | −0.068% | $591K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.895% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.11 | +0.073% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.91 | −0.050% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.02 | +0.018% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.07 | +0.048% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.85 | −0.087% | $888K | $3.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0056% | 1h | 162.94 | −0.031% | $3.5M | $2.0M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 162.97 | −0.013% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0076% | 8h | 163.04 | +0.032% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTRlong | +0.0100% | 1h | 162.99 | long leg | $100K | $89K | 10x | |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 162.98 | −0.007% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.03 | +0.024% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.09 | +0.061% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.08 | +0.052% | $135 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 162.62 | −0.228% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0141% | 8h | 162.93 | −0.040% | $65 | — | 5x | as long as short |
| Nado MSTR-PERP | +0.0181% | 1h | 162.99 | −0.001% | $125K | $165K | 3x | as long as short |
| Variational Omni MSTR | +0.0199% | 8h | 162.87 | −0.075% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0200% | 8h | 163.05 | +0.036% | $20.8M | $99.7M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0270% | 8h | 163.12 | +0.081% | $82K | $859K | 10x | as long as short |
| Binance MSTRUSDT | +0.0270% | 8h | 163.02 | +0.020% | $83.8M | $620.2M | 50x | as long as short |
| edgeX MSTRUSDCshort | +0.0324% | 4h | 162.80 | −0.120% | $46K | $5.4M | 10x | |
| Phoenix MSTR | +0.0357% | 1h | 163.12 | +0.079% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0392% | 8h | 163.11 | +0.073% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0404% | 8h | 163.05 | +0.036% | $17.1M | $41.7M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0445% | 1h | 163.06 | +0.042% | $53.9M | $37.7M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0486% | 1h | 163.09 | +0.061% | $277K | $437K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.08 | +0.057% | $268K | $419K | 10x | as long as short |
Lighter MSTR
QFEX MSTR-USD
Aster MSTRUSDT
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Nado MSTR-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Deribit MSTR_USDC-PERPETUAL
RISEx MSTR/USDC