MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0113%/8h= −12.4% APRnext payment −$0.14 per $10,000 · paid last 24h −0.032%

Price spread now: Pacifica against tradeXYZ+0.002%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on tradeXYZ Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.002%, 7d avg +0.028%

Together, before fees−0.072%+ Points / potential airdroptradeXYZ: Active · Pacifica: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Pacifica is 0.026% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	166.15	0.0213	pay 0.0027% / 1h	43m 37s	$54.9M	$34.4M	10x
Short	Pacifica MSTR	166.15	0.0100	get 0.0013% / 1h	43m 37s	$102K	$74K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.002%Rate

Funding earned: −$23.8
Price spread: +0.002% → +0.028%: −$2.62
Slippage, 4 orders: −$19.91
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$72.34
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; Pacifica: 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 tradeXYZ live order book, 9 min ago	0.60 bp	11.4 bp −$11	13.6 bp −$136	doesn't fit	doesn't fit
Sell Pacifica live order book, 2 min ago	3.61 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit

MSTR on 32 exchanges

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
Injective MSTR/USDC PERP	−0.0263%	1h	165.22	−0.560%	$7K	$28K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	166.25	+0.060%	$4.9M	$17.7M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.17	+0.012%	$32.1M	$105.0M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.20	+0.030%	$2.8M	$86K	10x	as long as short
Lighter MSTR	+0.0032%	1h	166.20	+0.030%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	166.00	−0.090%	$509K	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0045%	1h	165.96	−0.113%	$127K	$127K	3x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.11	−0.024%	—	$1.7M	25x	as long as short
QFEX MSTR-USD	+0.0050%	1h	166.01	−0.084%	$1.3M	$6.1M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.98	−0.102%	$383K	$2.3M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	166.10	−0.030%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.99	−0.096%	$870K	$3.3M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0072%	1h	165.78	−0.223%	$1.4M	$364K	10x	as long as short
Pacifica MSTRshort	+0.0100%	1h	166.15	+0.002%	$102K	$74K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	166.17	+0.012%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.95	−0.120%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.15	0.000%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.17	+0.015%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0115%	8h	166.15	+0.001%	$66	—	5x	as long as short
Bybit MSTRUSDT	+0.0204%	8h	166.19	+0.024%	$17.1M	$37.9M	50x	as long as short
tradeXYZ xyz:MSTRlong	+0.0213%	1h	166.15	long leg	$54.9M	$34.4M	10x
Aster MSTRUSDT	+0.0286%	8h	166.13	−0.011%	$1.8M	$7.0M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0299%	8h	166.16	+0.006%	$21.6M	$83.2M	50x	as long as short
Phoenix MSTR	+0.0322%	1h	166.29	+0.083%	$56K	$213K	10x	as long as short
Variational Omni MSTR	+0.0373%	8h	166.18	+0.020%	$1.2M	$1.7M	—	as long as short
RISEx MSTR/USDC	+0.0436%	1h	166.18	+0.018%	$274K	$350K	10x	as long as short
Binance MSTRUSDT	+0.0471%	8h	166.18	+0.018%	$87.2M	$532.5M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0533%	1h	166.19	+0.024%	$283K	$204K	10x	as long as short
BloFin MSTR-USDT	+0.0607%	8h	166.16	+0.006%	$1.1M	$2.0M	20x	as long as short
edgeX MSTRUSDC	+0.0638%	4h	166.08	−0.039%	$48K	$4.9M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0641%	8h	166.25	+0.059%	$79K	$853K	10x	as long as short
Arcus MSTR-USD	+0.0824%	1h	166.20	+0.030%	$26K	$71K	10x	as long as short