MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0134%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h −0.095%

Price spread now: Coinbase International against RISEx−0.190%7-day average −0.099% · 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−$36as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on RISEx Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.179%−$18 on $10k

Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.190%, 7d avg −0.099%

Together, before fees−0.063%−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.092% cheaper against RISEx than usual: you would sell low and buy high (spread −0.190% now, against its 7-day average of −0.099%). If the spread goes back, that is −$9 on $10k: about 2.3 days of funding at the current rate (+$4 a day). Mind the row above: over the last 4 days funding on this pair cost −0.179%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	164.43	0.0034	pay 0.0004% / 1h	8m 36s	$267K	$448K	10x
Short	Coinbase International MSTR-PERP-INTX	164.12	0.0168	get 0.0021% / 1h	8m 36s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against RISEx. 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 RISExbpFee Coinbase InternationalbpOrdersPrice spread, now −0.190%Rate

Funding earned: $28.14
Price spread: −0.190% → −0.099%: −$9.19
Slippage, 4 orders: −$10.53
Fee RISEx: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$7.57
Costs to cover: 0.265%
Break-even: 8.9 days

Slippage from RISEx: live order book, 50 min ago; Coinbase International: live order book, 5 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 RISEx live order book, 50 min ago	0.61 bp	3.6 bp −$4	4.9 bp −$49	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	3.04 bp	9.0 bp −$9	13.1 bp −$131	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	−0.0935%	8h	164.57	+0.083%	$27.8M	$115.1M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.50	+0.038%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.45	+0.010%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.51	+0.047%	$2.8M	$74K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0014%	8h	164.47	+0.022%	$20.6M	$99.4M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.34	−0.057%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.29	−0.084%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.984%	$8K	$26K	30x	as long as short
RISEx MSTR/USDClong	+0.0034%	1h	164.43	long leg	$267K	$448K	10x
Arcus MSTR-USD	+0.0040%	1h	164.60	+0.102%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.50	+0.041%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.61	+0.108%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.48	+0.029%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.24	−0.117%	$856K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.45	+0.010%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0080%	8h	164.56	+0.080%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.39	−0.029%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.32	−0.069%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.43	−0.002%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.55	+0.071%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.54	+0.065%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0134%	8h	164.37	−0.039%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0145%	8h	164.43	−0.004%	$87.3M	$615.9M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0160%	8h	164.58	+0.088%	$76K	$780K	10x	as long as short
Coinbase International MSTR-PERP-INTXshort	+0.0168%	1h	164.12	−0.190%	$1.4M	$1.1M	10x
Phoenix MSTR	+0.0213%	1h	164.54	+0.064%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0227%	1h	164.36	−0.044%	$54.8M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0238%	1h	164.54	+0.065%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0265%	8h	164.73	+0.181%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0346%	8h	164.48	+0.029%	$16.9M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0906%	1h	164.54	+0.065%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0908%	4h	164.55	+0.071%	$49K	$5.4M	10x	as long as short