MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.094%

Price spread now: Extended against Arcus−0.050%7-day average −0.090% · 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−$32as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Arcus Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.050%, 7d avg −0.090%

Together, before fees+0.012%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.040% dearer against Arcus than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSTR-USD	168.80	0.0040	pay 0.0005% / 1h	25m 20s	$27K	$117K	10x
Short	Extended MSTR_24_5-USD	168.72	0.0032	get 0.0004% / 1h	25m 20s	$579K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Arcus. 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 ArcusbpFee ExtendedbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$1.74
Price spread: −0.050% → −0.090%: $4
Slippage, 4 orders: −$26.9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$34.14
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from Arcus: live order book, 48 min ago; Extended: live order book, 3 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 Arcus live order book, 48 min ago	6.51 bp	12.8 bp −$13	40.0 bp −$400	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	2.37 bp	8.1 bp −$8	26.0 bp −$260	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
Nado MSTR-PERP	−0.0035%	1h	168.72	−0.049%	$139K	$90K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.83	+0.017%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.90	+0.059%	$21.7M	$101.0M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.88	+0.047%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.93	+0.077%	$28.5M	$113.4M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.83	+0.016%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.67	−0.077%	$85K	$825K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.94	+0.083%	$2.9M	$67K	10x	as long as short
Binance MSTRUSDT	+0.0024%	8h	168.85	+0.030%	$89.0M	$614.5M	50x	as long as short
Lighter MSTR	+0.0032%	1h	168.76	−0.024%	$3.6M	$2.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USDshort	+0.0032%	1h	168.72	−0.050%	$579K	$1.8M	10x
QFEX MSTR-USD	+0.0035%	1h	168.75	−0.030%	$1.4M	$9.1M	10x	as long as short
Arcus MSTR-USDlong	+0.0040%	1h	168.80	long leg	$27K	$117K	10x
Vest MSTR-USD-PERP	+0.0046%	1h	168.81	+0.006%	—	$1.7M	25x	as long as short
BloFin MSTR-USDT	+0.0047%	8h	168.89	+0.053%	$1.1M	$1.9M	20x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.76	−0.024%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.84	+0.024%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.44	−0.213%	$736K	$4.9M	10x	as long as short
Bybit MSTRUSDT	+0.0057%	8h	168.85	+0.030%	$15.1M	$39.2M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	−0.201%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0092%	8h	168.81	+0.005%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.78	−0.013%	$105K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.73	−0.041%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.68	−0.071%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.82	+0.012%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.78	−0.012%	$140	—	10x	as long as short
edgeX MSTRUSDC	+0.0166%	4h	168.67	−0.075%	$47K	$5.5M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0205%	1h	168.78	−0.012%	$56.9M	$35.6M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.320%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.64	−0.097%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.82	+0.012%	$275K	$433K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0936%	1h	168.83	+0.018%	$287K	$438K	10x	as long as short