MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.06 per $10,000 · paid last 24h −0.004%

Price spread now: RISEx against Arcus−0.120%7-day average +0.009% · 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−$42as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Arcus Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.208%+$21 on $10k

Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.120%, 7d avg +0.009%

Together, before fees+0.412%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.129% cheaper against Arcus than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of +0.009%). If the spread goes back, that is −$13 on $10k: about 9.1 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.208% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSTR-USD	163.76	0.0040	pay 0.0005% / 1h	44m 50s	$26K	$109K	10x
Short	RISEx MSTR/USDC	163.56	0.0088	get 0.0011% / 1h	44m 50s	$265K	$446K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.120%Rate

Funding earned: $9.94
Price spread: −0.120% → +0.009%: −$12.92
Slippage, 4 orders: −$18.24
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$31.72
Costs to cover: 0.287%
Break-even: 29.3 days

Slippage from Arcus: live order book, 3 min ago; RISEx: live order book, 4 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, 3 min ago	7.32 bp	11.1 bp −$11	43.1 bp −$431	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	0.31 bp	3.3 bp −$3	5.4 bp −$54	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	−0.0966%	8h	163.71	−0.031%	$27.1M	$117.1M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.54	−0.137%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.62	−0.085%	$4.6M	$19.2M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.86	+0.061%	$2.8M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.34	−0.253%	$596K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.407%	$8K	$26K	30x	as long as short
Arcus MSTR-USDlong	+0.0040%	1h	163.76	long leg	$26K	$109K	10x
Vest MSTR-USD-PERP	+0.0046%	1h	163.24	−0.318%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.46	−0.183%	$377K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.47	−0.177%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.35	−0.250%	$829K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	163.54	−0.134%	$1.4M	$7.2M	10x	as long as short
edgeX MSTRUSDC	+0.0054%	4h	163.77	+0.006%	$49K	$5.4M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0076%	8h	163.55	−0.128%	$20.8M	$99.7M	50x	as long as short
RISEx MSTR/USDCshort	+0.0088%	1h	163.56	−0.120%	$265K	$446K	10x
Pacifica MSTR	+0.0100%	1h	163.51	−0.150%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.45	−0.189%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.54	−0.134%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.52	−0.147%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.51	−0.154%	$136	—	10x	as long as short
Variational Omni MSTR	+0.0108%	8h	163.54	−0.137%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0121%	8h	163.51	−0.150%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.57	−0.116%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0174%	8h	163.74	−0.011%	$79K	$838K	10x	as long as short
Binance MSTRUSDT	+0.0177%	8h	163.55	−0.128%	$85.7M	$619.8M	50x	as long as short
Lighter MSTR	+0.0208%	1h	163.48	−0.171%	$3.5M	$1.9M	10x	as long as short
BloFin MSTR-USDT	+0.0297%	8h	163.56	−0.122%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0342%	8h	163.60	−0.098%	$16.7M	$41.2M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0350%	1h	163.48	−0.171%	$54.4M	$37.1M	10x	as long as short
Nado MSTR-PERP	+0.0359%	1h	163.38	−0.231%	$121K	$148K	3x	as long as short
Phoenix MSTR	+0.0362%	1h	163.80	+0.024%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0913%	1h	163.61	−0.092%	$278K	$438K	10x	as long as short