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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Phemex against Pacifica+0.101%7-day average +0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on PacificaShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.291%−$29 on $10k
Price spread, last 4 days (all we have)−0.145%−$14 · spread now +0.101%, 7d avg +0.036%
Together, before fees−0.436%+ Points / potential airdropPacifica: Active · farm board−$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.065% dearer against Pacifica than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of +0.036%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica MSTR163.840.0100pay 0.0013% / 1h50m 14s$100K$83K10x
ShortPhemex MSTRUSDT164.010get 0.0000% / 4h2h 50m$2.8M$77K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Pacifica. 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
−$21
Price spread: +0.101% → +0.036%
$6.52
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$34.48
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 62 min ago; Phemex: live order book, 3 min ago. 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 Pacifica live order book, 62 min ago0.03 bp4.1 bp −$4doesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 3 min ago1.22 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

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−0.0976%8h164.02+0.107%$27.1M$116.9M25xas long as short
Aster MSTRUSDT0.0000%8h163.81−0.020%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.95+0.065%$4.6M$19.2M50xas long as short
Phemex MSTRUSDTshort0.0000%4h164.01+0.101%$2.8M$77K10x
Extended MSTR_24_5-USD+0.0032%1h163.60−0.146%$596K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.354%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.85+0.004%$26K$109K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.56−0.173%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.82−0.015%$379K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.71−0.082%$830K$3.9M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0054%1h163.84−0.002%$1.4M$7.2M10xas long as short
OKX MSTR-USDT-SWAP+0.0063%8h163.76−0.051%$20.6M$99.4M50xas long as short
SoDEX MSTR-USD+0.0071%1h163.71−0.082%$43K$3K10xas long as short
RISEx MSTR/USDC+0.0088%1h163.91+0.040%$266K$446K10xas long as short
Pacifica MSTRlong+0.0100%1h163.84long leg$100K$83K10x
KuCoin MSTRUSDTM+0.0100%8h163.73−0.070%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.59−0.155%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.78−0.039%$4K$8K10xas long as short
Variational Omni MSTR+0.0103%8h163.88+0.020%$1.2M$2.1M—as long as short
Aevo MSTR-PERP+0.0104%1h163.81−0.022%$136—10xas long as short
Paradex MSTR-USD-PERP+0.0110%8h163.84−0.004%$66—5xas long as short
GRVT MSTR_USDT_Perp+0.0160%8h163.86+0.010%$79K$838K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.167%$1.4M$1.1M10xas long as short
Binance MSTRUSDT+0.0171%8h163.72−0.076%$85.7M$619.6M50xas long as short
Lighter MSTR+0.0224%1h163.68−0.100%$3.5M$1.9M10xas long as short
BloFin MSTR-USDT+0.0287%8h163.93+0.052%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0331%8h163.82−0.015%$16.7M$41.2M50xas long as short
Nado MSTR-PERP+0.0343%1h163.70−0.091%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0356%1h163.80−0.027%$54.5M$37.1M10xas long as short
Phoenix MSTR+0.0362%1h163.69−0.093%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0496%4h163.67−0.108%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0972%1h163.86+0.010%$279K$438K10xas long as short