MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0012%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h +0.078%

Price spread now: RISEx against Pacifica+0.066%7-day average +0.035% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on Pacifica Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.163%+$16 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.066%, 7d avg +0.035%

Together, before fees+0.213%+ Points / potential airdropPacifica: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.031% dearer against Pacifica than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.035%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.4 days. Mind the row above: over the last 4 days funding on this pair paid +0.163%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MSTR	163.95	0.0100	pay 0.0013% / 1h	10m 39s	$101K	$83K	10x
Short	RISEx MSTR/USDC	164.06	0.0088	get 0.0011% / 1h	10m 39s	$264K	$444K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$2.6
Price spread: +0.066% → +0.035%: $3.11
Slippage, 4 orders: −$9.25
Fee Pacifica: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$22.74
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from Pacifica: live order book, 37 min ago; RISEx: live order book, 38 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, 37 min ago	0.67 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 38 min ago	0.31 bp	3.3 bp −$3	5.4 bp −$54	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	−0.1181%	8h	164.19	+0.149%	$28.1M	$118.8M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.10	+0.094%	$4.7M	$19.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.88	−0.040%	$2.8M	$78K	10x	as long as short
Aster MSTRUSDT	+0.0016%	8h	163.95	+0.003%	$1.8M	$8.7M	50x	as long as short
Vest MSTR-USD-PERP	+0.0023%	1h	163.64	−0.187%	—	$1.8M	25x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.85	−0.056%	$506K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.290%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.57	−0.229%	$26K	$113K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.79	−0.095%	$378K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.82	−0.077%	$874K	$3.9M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0054%	1h	164.00	+0.033%	$1.3M	$7.3M	10x	as long as short
RISEx MSTR/USDCshort	+0.0088%	1h	164.06	+0.066%	$264K	$444K	10x
Pacifica MSTRlong	+0.0100%	1h	163.95	long leg	$101K	$83K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	163.91	−0.022%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.23	−0.437%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.00	+0.033%	$4K	$9K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.03	+0.050%	$136	—	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0116%	8h	164.04	+0.057%	$20.8M	$101.1M	50x	as long as short
Variational Omni MSTR	+0.0144%	8h	163.96	+0.006%	$1.2M	$2.1M	—	as long as short
Lighter MSTR	+0.0144%	1h	163.92	−0.016%	$3.5M	$2.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0146%	8h	163.98	+0.023%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	161.52	−1.480%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0218%	8h	164.05	+0.064%	$84.2M	$628.8M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0220%	8h	163.14	−0.492%	$79K	$857K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0268%	1h	163.88	−0.040%	$54.4M	$37.4M	10x	as long as short
SoDEX MSTR-USD	+0.0281%	1h	163.77	−0.107%	$43K	$3K	10x	as long as short
edgeX MSTRUSDC	+0.0282%	4h	163.35	−0.365%	$45K	$5.4M	10x	as long as short
BloFin MSTR-USDT	+0.0337%	8h	164.02	+0.045%	$1.0M	$2.1M	20x	as long as short
Nado MSTR-PERP	+0.0340%	1h	163.74	−0.128%	$131K	$157K	3x	as long as short
Phoenix MSTR	+0.0362%	1h	163.21	−0.449%	$55K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0377%	8h	164.08	+0.082%	$16.8M	$41.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0788%	1h	163.99	+0.027%	$279K	$438K	10x	as long as short