MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h −0.006%

Price spread now: Pacifica against Coinbase International+0.125%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$400.395% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 4 days (all we have)+0.167%+$17 · spread now +0.125%, 7d avg +0.101%

Together, before fees+0.075%+ Points / potential airdropPacifica: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.024% dearer against Coinbase International than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of +0.101%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 7 days (−0.092% in total) that is about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSTR-PERP-INTX	162.62	0.0120	pay 0.0015% / 1h	33m 44s	$1.4M	$1.1M	10x
Short	Pacifica MSTR	162.82	0.0100	get 0.0013% / 1h	33m 44s	$100K	$89K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Coinbase International. 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 Coinbase InternationalbpFee PacificabpOrdersPrice spread, now +0.125%Rate

Funding earned: −$4.2
Price spread: +0.125% → +0.101%: $2.36
Slippage, 4 orders: −$21.54
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$41.38
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Pacifica: live order book, 35 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 Coinbase International live order book, 5 min ago	5.52 bp	10.5 bp −$11	14.8 bp −$148	doesn't fit	doesn't fit
Sell Pacifica live order book, 35 min ago	1.04 bp	13.4 bp −$13	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	−0.0051%	8h	162.93	+0.191%	$30.6M	$118.0M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.94	+0.197%	$4.7M	$18.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.06	+0.271%	$2.7M	$86K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.79	+0.105%	$593K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.132%	$8K	$25K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.98	+0.221%	$26K	$114K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.82	+0.123%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.88	+0.160%	$377K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.99	+0.228%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.95	+0.203%	$902K	$3.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0061%	1h	162.94	+0.197%	$1.3M	$7.0M	10x	as long as short
Pacifica MSTRshort	+0.0100%	1h	162.82	+0.125%	$100K	$89K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	162.91	+0.178%	$2.3M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.87	+0.154%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.07	+0.277%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.03	+0.254%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTXlong	+0.0120%	1h	162.62	long leg	$1.4M	$1.1M	10x
Aster MSTRUSDT	+0.0130%	8h	162.97	+0.216%	$1.8M	$8.7M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0177%	8h	162.87	+0.155%	$65	—	5x	as long as short
Lighter MSTR	+0.0184%	1h	162.89	+0.166%	$3.5M	$1.7M	10x	as long as short
Nado MSTR-PERP	+0.0191%	1h	162.91	+0.178%	$125K	$157K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0237%	8h	162.90	+0.172%	$20.8M	$98.3M	50x	as long as short
Variational Omni MSTR	+0.0245%	8h	163.03	+0.251%	$1.2M	$2.0M	—	as long as short
Binance MSTRUSDT	+0.0325%	8h	162.92	+0.184%	$84.5M	$617.9M	50x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	162.89	+0.167%	$268K	$402K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0438%	1h	162.82	+0.123%	$53.6M	$37.5M	10x	as long as short
BloFin MSTR-USDT	+0.0445%	8h	162.93	+0.191%	$1.0M	$2.1M	20x	as long as short
Phoenix MSTR	+0.0460%	1h	163.06	+0.270%	$55K	$223K	10x	as long as short
edgeX MSTRUSDC	+0.0487%	4h	163.17	+0.336%	$47K	$5.4M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0596%	8h	163.13	+0.311%	$84K	$853K	10x	as long as short
Bybit MSTRUSDT	+0.0607%	8h	162.91	+0.178%	$17.1M	$41.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0732%	1h	163.10	+0.295%	$277K	$430K	10x	as long as short