MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.003%

Price spread now: Coinbase International against Extended+0.012%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.012%, 7d avg +0.009%

Together, before fees+0.100%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	169.30	0.0032	pay 0.0004% / 1h	46m 04s	$583K	$1.8M	10x
Short	Coinbase International MSTR-PERP-INTX	169.32	0.0096	get 0.0012% / 1h	46m 04s	$1.5M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.012%Rate

Funding earned: $13.44
Price spread: +0.012% → +0.009%: $0.31
Slippage, 4 orders: −$26.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$27.69
Costs to cover: 0.414%
Break-even: 21.4 days

Slippage from Extended: live order book, 3 min ago; Coinbase International: live order book, 3 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	3.25 bp	7.9 bp −$8	19.3 bp −$193	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	8.56 bp	13.6 bp −$14	18.4 bp −$184	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
Aster MSTRUSDT	0.0000%	8h	169.51	+0.125%	$1.3M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.62	+0.190%	$4.8M	$19.3M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.49	+0.115%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.69	+0.231%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.60	+0.175%	$276K	$442K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0004%	8h	169.42	+0.073%	$83K	$875K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0011%	8h	169.70	+0.237%	$22.1M	$106.9M	50x	as long as short
BloFin MSTR-USDT	+0.0032%	8h	169.61	+0.184%	$1.1M	$1.8M	20x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	169.30	long leg	$583K	$1.8M	10x
Binance MSTRUSDT	+0.0033%	8h	169.67	+0.217%	$89.5M	$628.9M	50x	as long as short

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	169.65	+0.207%	—	$2.1M	25x	as long as short
Nado MSTR-PERP	+0.0047%	1h	169.39	+0.054%	$140K	$97K	3x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.52	+0.131%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.50	+0.119%	$394K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.58	+0.166%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.24	−0.035%	$781K	$5.2M	10x	as long as short
Bitget MSTRUSDT	+0.0057%	8h	169.64	+0.201%	$28.7M	$120.3M	25x	as long as short
Coinbase International MSTR-PERP-INTXshort	+0.0096%	1h	169.32	+0.012%	$1.5M	$1.2M	10x
Pacifica MSTR	+0.0100%	1h	169.55	+0.146%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.38	+0.048%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.21	−0.053%	$4K	$357K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.52	+0.131%	$3K	$11K	10x	as long as short
Bybit MSTRUSDT	+0.0100%	8h	169.63	+0.196%	$15.2M	$40.5M	50x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.08	−0.129%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.51	+0.122%	$141	—	10x	as long as short
Lighter MSTR	+0.0120%	1h	169.52	+0.131%	$3.6M	$2.4M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0126%	8h	169.52	+0.130%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0186%	1h	169.52	+0.131%	$57.2M	$37.5M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.50	+0.121%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0491%	4h	169.40	+0.058%	$47K	$5.5M	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.61	+0.184%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1285%	1h	169.64	+0.201%	$288K	$438K	10x	as long as short