MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.094%

Price spread now: Arcus against Extended+0.089%7-day average +0.090% · 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−$37as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Extended Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.089%, 7d avg +0.090%

Together, before fees−0.051%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	168.65	0.0032	pay 0.0004% / 1h	25m 34s	$579K	$1.8M	10x
Short	Arcus MSTR-USD	168.80	0.0040	get 0.0005% / 1h	25m 34s	$27K	$117K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Extended. 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 ExtendedbpFee ArcusbpOrdersPrice spread, now +0.089%Rate

Funding earned: $1.74
Price spread: +0.089% → +0.090%: −$0.14
Slippage, 4 orders: −$26.9
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$34.81
Costs to cover: 0.364%
Break-even: 147.2 days

Slippage from Extended: live order book, 3 min ago; Arcus: live order book, 47 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 Extended live order book, 3 min ago	2.37 bp	5.2 bp −$5	19.5 bp −$195	doesn't fit	doesn't fit
Sell Arcus live order book, 47 min ago	6.51 bp	10.3 bp −$10	35.4 bp −$354	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
Nado MSTR-PERP	−0.0035%	1h	168.72	+0.040%	$139K	$90K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.83	+0.105%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.81	+0.095%	$21.7M	$101.0M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.78	+0.077%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.87	+0.130%	$28.5M	$113.4M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.83	+0.105%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.67	+0.012%	$85K	$825K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.93	+0.166%	$2.9M	$67K	10x	as long as short
Binance MSTRUSDT	+0.0024%	8h	168.84	+0.111%	$89.0M	$614.4M	50x	as long as short
BloFin MSTR-USDT	+0.0028%	8h	168.61	−0.024%	$1.1M	$1.9M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	168.81	+0.095%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	168.65	long leg	$579K	$1.8M	10x
QFEX MSTR-USD	+0.0035%	1h	168.75	+0.059%	$1.4M	$9.1M	10x	as long as short
Arcus MSTR-USDshort	+0.0040%	1h	168.80	+0.089%	$27K	$117K	10x
Vest MSTR-USD-PERP	+0.0046%	1h	168.81	+0.095%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.76	+0.065%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.75	+0.059%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.44	−0.125%	$736K	$4.9M	10x	as long as short
Bybit MSTRUSDT	+0.0057%	8h	168.86	+0.125%	$15.1M	$39.2M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	−0.113%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0092%	8h	168.81	+0.094%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.78	+0.075%	$105K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.73	+0.047%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.68	+0.018%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.78	+0.077%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.74	+0.051%	$140	—	10x	as long as short
edgeX MSTRUSDC	+0.0166%	4h	168.67	+0.014%	$47K	$5.5M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0205%	1h	168.78	+0.077%	$56.9M	$35.6M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.409%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.64	−0.008%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.82	+0.101%	$275K	$433K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1232%	1h	168.93	+0.166%	$287K	$438K	10x	as long as short