MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0186%/8h= +20.4% APRnext payment +$0.23 per $10,000 · paid last 24h −0.046%

Price spread now: tradeXYZ against Arcus−0.049%7-day average −0.056% · 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−$44as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Arcus Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.049%, 7d avg −0.056%

Together, before fees+0.004%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: +$6 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 0.018% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 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	Arcus MSTR-USD	164.55	0.0040	pay 0.0005% / 1h	10m 53s	$26K	$109K	10x
Short	tradeXYZ xyz:MSTR	164.47	0.0226	get 0.0028% / 1h	10m 53s	$54.8M	$37.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.049%Rate

Funding earned: $39.04
Price spread: −0.049% → −0.056%: $0.74
Slippage, 4 orders: −$21.82
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$4.54
Costs to cover: 0.443%
Break-even: 7.8 days

Slippage from Arcus: live order book, 47 min ago; tradeXYZ: live order book, 7 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, 47 min ago	7.57 bp	11.1 bp −$11	44.9 bp −$449	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.61 bp	10.9 bp −$11	13.4 bp −$134	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	−0.0942%	8h	164.63	+0.049%	$27.9M	$115.1M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.53	−0.010%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.55	0.000%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.51	−0.024%	$2.8M	$74K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0011%	8h	164.58	+0.018%	$20.6M	$99.5M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.49	−0.036%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.33	−0.131%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.911%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.59	+0.024%	$267K	$448K	10x	as long as short
Arcus MSTR-USDlong	+0.0040%	1h	164.55	long leg	$26K	$109K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.41	−0.085%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.49	−0.036%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.48	−0.043%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.35	−0.122%	$856K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.53	−0.012%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0080%	8h	164.56	+0.009%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.51	−0.022%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.44	−0.067%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.36	−0.115%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.50	−0.030%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.51	−0.026%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0132%	8h	164.55	−0.003%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0142%	8h	164.50	−0.032%	$87.3M	$615.8M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0160%	8h	164.53	−0.012%	$76K	$780K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.261%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.54	−0.007%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTRshort	+0.0226%	1h	164.47	−0.049%	$54.8M	$37.0M	10x
Nado MSTR-PERP	+0.0239%	1h	164.43	−0.075%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0262%	8h	164.51	−0.024%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0347%	8h	164.53	−0.012%	$16.9M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0723%	1h	164.58	+0.018%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0770%	4h	164.42	−0.081%	$49K	$5.4M	10x	as long as short