Funding you earn now, next payment 05:00 UTC−0.0071%/8h= −7.7% APRpaid last 24h −0.031%
Price spread now: Pacifica against Binance−0.002%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$260.260% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)−1.010%−$101 · spread now −0.002%, 7d avg −0.071%
=Together, before fees−0.964%+ Points / potential airdropPacifica: Active · farm board−$96 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.069% dearer against Binance than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.071%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSTRUSDT | 163.99 | 0.0171 | pay 0.0171% / 8h | 3h 27m | $86.5M | $616.5M | 50x |
| Short | Pacifica MSTR | 163.99 | 0.0100 | get 0.0013% / 1h | 27m 21s | $100K | $84K | 10x |
Binance MSTRUSDT
Pacifica MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14.82
- Price spread: −0.002% → −0.071%
- $6.88
- Slippage, 4 orders
- −$8.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$33.99
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Pacifica: live order book, 25 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 Binance live order book, 1 min ago | 0.31 bp | 5.9 bp −$6 | 8.6 bp −$86 | 10.0 bp −$997 | 84.6 bp −$42.3K |
| Sell Pacifica live order book, 25 min ago | 0.03 bp | 10.0 bp −$10 | doesn't fit | 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 | −0.0919% | 8h | 164.14 | +0.091% | $27.9M | $115.5M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.02 | +0.020% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.06 | +0.043% | $4.6M | $19.1M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.05 | +0.037% | $2.8M | $77K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.88 | −0.070% | $589K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.262% | $8K | $26K | 30x | as long as short |
| Lighter MSTR | +0.0040% | 1h | 163.96 | −0.018% | $3.5M | $1.9M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.18 | +0.116% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.83 | −0.098% | — | $1.7M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0050% | 8h | 163.94 | −0.030% | $20.7M | $98.9M | 50x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Lighter MSTR
Arcus MSTR-USD
Vest MSTR-USD-PERP
OKX MSTR-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.96 | −0.018% | $379K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.97 | −0.012% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.84 | −0.091% | $868K | $3.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0063% | 8h | 163.99 | +0.001% | $66 | — | 5x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.99 | 0.000% | $1.4M | $7.3M | 10x | as long as short |
| Pacifica MSTRshort | +0.0100% | 1h | 163.99 | −0.002% | $100K | $84K | 10x | |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.96 | −0.018% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.19 | +0.122% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.96 | −0.018% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.97 | −0.013% | $136 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0108% | 8h | 164.33 | +0.205% | $1.2M | $2.1M | — | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.88 | −0.067% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDTlong | +0.0171% | 8h | 163.99 | long leg | $86.5M | $616.5M | 50x | |
| GRVT MSTR_USDT_Perp | +0.0173% | 8h | 164.17 | +0.110% | $75K | $825K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.01 | +0.015% | $266K | $445K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0253% | 1h | 163.96 | −0.018% | $54.6M | $37.0M | 10x | as long as short |
| Nado MSTR-PERP | +0.0259% | 1h | 163.93 | −0.038% | $121K | $148K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0291% | 8h | 164.19 | +0.122% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0337% | 8h | 164.01 | +0.012% | $16.7M | $41.0M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.28 | +0.179% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0533% | 4h | 164.14 | +0.094% | $49K | $5.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0543% | 1h | 163.99 | 0.000% | $279K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Paradex MSTR-USD-PERP
QFEX MSTR-USD
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Variational Omni MSTR
Coinbase International MSTR-PERP-INTX
GRVT MSTR_USDT_Perp
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL