MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0195%/8h= +21.4% APRnext payment +$0.24 per $10,000 · paid last 24h +0.049%

Price spread now: tradeXYZ against Extended+0.180%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Extended Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 7 days−0.153%−$15 · spread now +0.180%, 7d avg +0.019%

Together, before fees−0.102%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and tradeXYZ is 0.160% dearer against Extended than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.019%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	164.31	0.0032	pay 0.0004% / 1h	9m 21s	$595K	$1.9M	10x
Short	tradeXYZ xyz:MSTR	164.61	0.0227	get 0.0028% / 1h	9m 21s	$54.8M	$37.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.180%Rate

Funding earned: $41.03
Price spread: +0.180% → +0.019%: $16.02
Slippage, 4 orders: −$11.23
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $22.82
Costs to cover: 0.342%
Break-even: 3.1 days

Slippage from Extended: live order book, 4 min ago; tradeXYZ: live order book, 9 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, 4 min ago	3.35 bp	6.5 bp −$6	35.1 bp −$351	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.61 bp	10.9 bp −$11	13.4 bp −$134	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	−0.0937%	8h	164.66	+0.210%	$27.9M	$115.1M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.60	+0.171%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.84	+0.320%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.59	+0.167%	$2.8M	$74K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0014%	8h	164.69	+0.228%	$20.6M	$99.6M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.61	+0.180%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	164.31	long leg	$595K	$1.9M	10x
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.058%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.71	+0.240%	$267K	$448K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.60	+0.173%	$26K	$109K	10x	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	164.50	+0.113%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.61	+0.180%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.48	+0.100%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.35	+0.021%	$856K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.63	+0.192%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0080%	8h	164.56	+0.152%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.62	+0.184%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.56	+0.149%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.43	+0.070%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.55	+0.143%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.54	+0.137%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0134%	8h	164.65	+0.206%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0145%	8h	164.71	+0.240%	$87.4M	$615.8M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0160%	8h	164.58	+0.160%	$76K	$780K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.119%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.54	+0.136%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTRshort	+0.0227%	1h	164.61	+0.180%	$54.8M	$37.0M	10x
Nado MSTR-PERP	+0.0238%	1h	164.54	+0.137%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0262%	8h	164.51	+0.119%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0347%	8h	164.71	+0.240%	$16.9M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0906%	1h	164.54	+0.137%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0908%	4h	164.55	+0.143%	$49K	$5.4M	10x	as long as short