MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h −0.120%

Price spread now: Pacifica against RISEx−0.059%7-day average −0.036% · 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−$31as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on RISEx Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.159%−$16 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.059%, 7d avg −0.036%

Together, before fees−0.218%+ Points / potential airdropPacifica: Active · farm board−$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.022% cheaper against RISEx than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.036%). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.159%, 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	169.23	0.0001	pay 0.0000% / 1h	37m 54s	$276K	$442K	10x
Short	Pacifica MSTR	169.13	0.0100	get 0.0013% / 1h	37m 54s	$105K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.059%Rate

Funding earned: $20.82
Price spread: −0.059% → −0.036%: −$2.22
Slippage, 4 orders: −$14.8
Fee RISEx: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$10.2
Costs to cover: 0.288%
Break-even: 10.4 days

Slippage from RISEx: live order book, 40 min ago; Pacifica: live order book, 40 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, 40 min ago	1.18 bp	4.2 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell Pacifica live order book, 40 min ago	2.60 bp	13.8 bp −$14	doesn't fit	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
Aster MSTRUSDT	0.0000%	8h	169.24	+0.008%	$1.3M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.19	−0.024%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.42	+0.115%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.42	+0.112%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDClong	+0.0001%	1h	169.23	long leg	$276K	$442K	10x
OKX MSTR-USDT-SWAP	+0.0023%	8h	169.20	−0.018%	$22.1M	$106.5M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.11	−0.071%	$583K	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0043%	1h	169.16	−0.039%	$139K	$97K	3x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.34	+0.065%	—	$2.1M	25x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.22	−0.006%	$1.5M	$10.2M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	169.19	−0.024%	$389K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.17	−0.035%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.96	−0.160%	$782K	$5.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0053%	8h	169.43	+0.118%	$77K	$879K	10x	as long as short
Bitget MSTRUSDT	+0.0061%	8h	169.17	−0.035%	$28.7M	$120.0M	25x	as long as short
Binance MSTRUSDT	+0.0067%	8h	169.18	−0.030%	$89.1M	$628.9M	50x	as long as short
BloFin MSTR-USDT	+0.0080%	8h	169.20	−0.018%	$1.1M	$1.8M	20x	as long as short
Lighter MSTR	+0.0096%	1h	169.11	−0.071%	$3.6M	$2.4M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	169.32	+0.053%	$1.5M	$1.2M	10x	as long as short
Pacifica MSTRshort	+0.0100%	1h	169.13	−0.059%	$105K	$87K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	169.13	−0.059%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.16	−0.041%	$4K	$357K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.18	−0.030%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.08	−0.089%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.19	−0.024%	$140	—	10x	as long as short
Bybit MSTRUSDT	+0.0109%	8h	169.20	−0.018%	$15.2M	$40.5M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0142%	8h	169.22	−0.004%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0202%	1h	169.13	−0.059%	$57.1M	$37.1M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.36	+0.079%	$57K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0460%	1h	169.22	−0.006%	$288K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.32	+0.053%	$27K	$129K	10x	as long as short
edgeX MSTRUSDC	+0.0874%	4h	169.41	+0.105%	$47K	$5.5M	10x	as long as short