MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0280%/8h= +30.7% APRnext payment +$0.35 per $10,000 · paid last 24h +0.062%

Price spread now: RISEx against Coinbase International+0.221%7-day average +0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Coinbase International Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.185%+$18 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.221%, 7d avg +0.134%

Together, before fees+0.275%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and RISEx is 0.088% dearer against Coinbase International than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.134%.

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	36m 11s	$1.4M	$1.1M	10x
Short	RISEx MSTR/USDC	162.98	0.0400	get 0.0050% / 1h	36m 11s	$268K	$407K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.221%Rate

Funding earned: $58.86
Price spread: +0.221% → +0.134%: $8.78
Slippage, 4 orders: −$12.27
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $39.37
Costs to cover: 0.283%
Break-even: 2.3 days

Slippage from Coinbase International: live order book, 2 min ago; RISEx: live order book, 62 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, 2 min ago	5.52 bp	10.5 bp −$11	14.8 bp −$148	doesn't fit	doesn't fit
Sell RISEx live order book, 62 min ago	0.61 bp	3.6 bp −$4	4.4 bp −$44	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	−0.0087%	8h	163.10	+0.295%	$30.4M	$118.2M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.10	+0.295%	$4.7M	$18.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.07	+0.277%	$2.7M	$86K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.78	+0.100%	$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	163.07	+0.277%	$26K	$114K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.81	+0.117%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.92	+0.184%	$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	162.87	+0.154%	$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 MSTR	+0.0100%	1h	162.91	+0.180%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.97	+0.215%	$2.3M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.88	+0.160%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.03	+0.252%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.03	+0.250%	$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	+0.0129%	8h	163.02	+0.245%	$1.8M	$8.7M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0179%	8h	162.93	+0.192%	$65	—	5x	as long as short
Lighter MSTR	+0.0192%	1h	163.01	+0.240%	$3.5M	$1.7M	10x	as long as short
Nado MSTR-PERP	+0.0195%	1h	162.79	+0.106%	$125K	$165K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0236%	8h	163.07	+0.277%	$20.9M	$98.6M	50x	as long as short
Variational Omni MSTR	+0.0241%	8h	163.15	+0.325%	$1.2M	$2.0M	—	as long as short
Binance MSTRUSDT	+0.0325%	8h	163.03	+0.253%	$84.4M	$619.4M	50x	as long as short
RISEx MSTR/USDCshort	+0.0400%	1h	162.98	+0.221%	$268K	$407K	10x
BloFin MSTR-USDT	+0.0444%	8h	162.99	+0.228%	$1.0M	$2.1M	20x	as long as short
tradeXYZ xyz:MSTR	+0.0450%	1h	162.99	+0.228%	$53.7M	$37.5M	10x	as long as short
Phoenix MSTR	+0.0460%	1h	163.24	+0.381%	$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	+0.0649%	8h	163.07	+0.277%	$17.1M	$41.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0794%	1h	163.02	+0.246%	$277K	$430K	10x	as long as short