MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.05 per $10,000 · paid last 24h −0.013%

Price spread now: QFEX against Pacifica−0.011%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on Pacifica Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.167%−$17 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.011%, 7d avg +0.007%

Together, before fees−0.100%+ Points / potential airdropPacifica: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MSTR	162.83	0.0100	pay 0.0013% / 1h	45m 03s	$100K	$83K	10x
Short	QFEX MSTR-USD	162.81	0.0057	get 0.0007% / 1h	45m 03s	$1.3M	$7.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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

Position, each leg$Hold fordaysFee PacificabpFee QFEXbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$9.09
Price spread: −0.011% → +0.007%: −$1.77
Slippage, 4 orders: −$10.48
Fee Pacifica: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$39.33
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Pacifica: live order book, 62 min ago; QFEX: live order book, 4 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, 62 min ago	0.67 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	0.92 bp	5.9 bp −$6	6.9 bp −$69	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	−0.0890%	8h	163.31	+0.296%	$28.7M	$119.1M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.16	+0.204%	$4.7M	$19.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.39	+0.345%	$2.8M	$78K	10x	as long as short
Aster MSTRUSDT	+0.0023%	8h	163.01	+0.111%	$1.8M	$8.7M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.94	+0.069%	$501K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.999%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.13	+0.185%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.68	−0.091%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.94	+0.069%	$376K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.90	+0.044%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.98	+0.093%	$841K	$3.9M	10x	as long as short
QFEX MSTR-USDshort	+0.0057%	1h	162.81	−0.011%	$1.3M	$7.3M	10x
Pacifica MSTRlong	+0.0100%	1h	162.83	long leg	$100K	$83K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	162.98	+0.093%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.74	−0.054%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.00	+0.106%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.05	+0.136%	$135	—	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0130%	8h	163.07	+0.149%	$20.7M	$100.4M	50x	as long as short
Lighter MSTR	+0.0136%	1h	163.04	+0.130%	$3.5M	$2.0M	10x	as long as short
Variational Omni MSTR	+0.0147%	8h	162.88	+0.030%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0147%	8h	162.83	+0.002%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−0.803%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0222%	8h	163.01	+0.112%	$83.7M	$628.6M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0227%	1h	163.03	+0.124%	$54.0M	$37.3M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0232%	8h	163.04	+0.130%	$79K	$876K	10x	as long as short
Nado MSTR-PERP	+0.0324%	1h	162.74	−0.056%	$130K	$157K	3x	as long as short
Phoenix MSTR	+0.0328%	1h	163.25	+0.258%	$55K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0342%	8h	163.17	+0.210%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0381%	8h	163.08	+0.155%	$16.8M	$41.8M	50x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	162.90	+0.042%	$262K	$437K	10x	as long as short
edgeX MSTRUSDC	+0.0561%	4h	163.08	+0.157%	$46K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0978%	1h	163.10	+0.167%	$277K	$437K	10x	as long as short