MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.105%

Price spread now: Extended against RISEx−0.047%7-day average −0.102% · 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−$18as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on RISEx Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.185%−$19 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.047%, 7d avg −0.102%

Together, before fees−0.259%+ Points / potential airdropExtended: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.055% dearer against RISEx than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.102%. Mind the row above: over the last 3 days funding on this pair cost −0.185%, 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	164.23	0	get 0.0000% / 1h	36m 25s	$269K	$436K	10x
Short	Extended MSTR_24_5-USD	164.15	0.0032	get 0.0004% / 1h	36m 25s	$591K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.047%Rate

Funding earned: $6.72
Price spread: −0.047% → −0.102%: $5.49
Slippage, 4 orders: −$12.68
Fee RISEx: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$11.47
Costs to cover: 0.237%
Break-even: 18.9 days

Slippage from RISEx: live order book, 32 min ago; Extended: 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 RISEx live order book, 32 min ago	1.50 bp	4.5 bp −$4	6.8 bp −$68	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	3.66 bp	8.0 bp −$8	24.2 bp −$242	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	−0.0836%	8h	164.51	+0.172%	$27.1M	$116.0M	25x	as long as short
Gate MSTR_USDT	−0.0221%	8h	164.24	+0.008%	$4.6M	$18.9M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.16	−0.042%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.39	+0.099%	$20.8M	$100.9M	50x	as long as short
RISEx MSTR/USDClong	0.0000%	1h	164.23	long leg	$269K	$436K	10x
Variational Omni MSTR	0.0000%	8h	164.35	+0.075%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	164.19	−0.019%	$75K	$810K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.30	+0.045%	$2.8M	$67K	10x	as long as short
BloFin MSTR-USDT	+0.0011%	8h	165.55	+0.806%	$1.1M	$1.9M	20x	as long as short
edgeX MSTRUSDC	+0.0016%	4h	163.85	−0.231%	$48K	$5.5M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MSTRUSDT	+0.0020%	8h	164.28	+0.031%	$87.2M	$626.4M	50x	as long as short
Extended MSTR_24_5-USDshort	+0.0032%	1h	164.15	−0.047%	$591K	$2.0M	10x
Arcus MSTR-USD	+0.0040%	1h	164.25	+0.014%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.07	−0.096%	—	$1.8M	25x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.09	−0.083%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.13	−0.059%	$917K	$4.9M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.26	+0.020%	$1.4M	$8.5M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.15	−0.045%	$101K	$86K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.14	−0.053%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.80	−0.260%	$4K	$203K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.12	−0.065%	$3K	$7K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.13	−0.057%	$136	—	10x	as long as short
Polymarket Perps MSTR-USD	+0.0119%	1h	164.23	+0.002%	$381K	$2.7M	10x	as long as short
Lighter MSTR	+0.0128%	1h	164.08	−0.089%	$3.5M	$1.9M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0165%	8h	164.14	−0.054%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.04	−0.114%	$1.4M	$1.1M	10x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+3.113%	$8K	$26K	30x	as long as short
tradeXYZ xyz:MSTR	+0.0348%	1h	164.25	+0.014%	$55.3M	$36.3M	10x	as long as short
Phoenix MSTR	+0.0381%	1h	164.13	−0.059%	$55K	$219K	10x	as long as short
Nado MSTR-PERP	+0.0400%	1h	164.26	+0.021%	$111K	$143K	3x	as long as short
Bybit MSTRUSDT	+0.0439%	8h	164.34	+0.069%	$17.2M	$41.3M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0786%	1h	164.22	−0.004%	$279K	$438K	10x	as long as short