MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0226%/8h= −24.7% APRnext payment −$0.28 per $10,000 · paid last 24h +0.046%

Price spread now: Arcus against tradeXYZ+0.067%7-day average +0.055% · 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−$40as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on tradeXYZ Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.067%, 7d avg +0.055%

Together, before fees−0.039%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.020% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	164.10	0.0266	pay 0.0033% / 1h	38m 10s	$54.7M	$37.0M	10x
Short	Arcus MSTR-USD	164.21	0.0040	get 0.0005% / 1h	38m 10s	$26K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against tradeXYZ. 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 tradeXYZbpFee ArcusbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$47.46
Price spread: +0.067% → +0.055%: $1.18
Slippage, 4 orders: −$18.69
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$87.47
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; Arcus: live order book, 15 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 tradeXYZ live order book, 11 min ago	0.61 bp	9.6 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit
Sell Arcus live order book, 15 min ago	6.07 bp	11.0 bp −$11	33.0 bp −$330	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	−0.0905%	8h	164.26	+0.098%	$27.8M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.05	−0.032%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.17	+0.043%	$4.6M	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.10	0.000%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.94	−0.094%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.193%	$8K	$26K	30x	as long as short
Arcus MSTR-USDshort	+0.0040%	1h	164.21	+0.067%	$26K	$109K	10x
OKX MSTR-USDT-SWAP	+0.0041%	8h	164.10	0.000%	$20.7M	$98.9M	50x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.85	−0.152%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.00	−0.061%	$379K	$2.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	164.02	−0.049%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.86	−0.146%	$853K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.07	−0.018%	$1.4M	$7.3M	10x	as long as short
Lighter MSTR	+0.0080%	1h	164.02	−0.049%	$3.5M	$1.9M	10x	as long as short
Variational Omni MSTR	+0.0094%	8h	164.16	+0.034%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.03	−0.043%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.98	−0.073%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.24	+0.085%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.03	−0.043%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.07	−0.016%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0142%	8h	164.03	−0.043%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0158%	8h	164.17	+0.043%	$75K	$803K	10x	as long as short
Binance MSTRUSDT	+0.0161%	8h	164.15	+0.030%	$86.8M	$616.0M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.96	−0.085%	$1.4M	$1.1M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.06	−0.025%	$266K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0266%	1h	163.90	−0.119%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTRlong	+0.0266%	1h	164.10	long leg	$54.7M	$37.0M	10x
BloFin MSTR-USDT	+0.0279%	8h	164.12	+0.012%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0332%	8h	164.16	+0.037%	$16.7M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.21	+0.068%	$56K	$226K	10x	as long as short
edgeX MSTRUSDC	+0.0742%	4h	164.11	+0.007%	$49K	$5.3M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1092%	1h	164.11	+0.006%	$279K	$438K	10x	as long as short