MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h −0.021%

Price spread now: Pacifica against Injective−4.095%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 4.095% cheaper against Injective than usual: you would sell low and buy high (spread −4.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$409 on $10k: about 7 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MSTR/USDC PERP	169.34	0.0033	pay 0.0004% / 1h	31m 17s	$8K	$26K	30x
Short	Pacifica MSTR	162.41	0.0100	get 0.0013% / 1h	31m 17s	$100K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee PacificabpOrdersPrice spread, now −4.095%Rate

Funding earned: $14
Price spread: −4.095% → 0.000%: −$409.47
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$403.49
Costs to cover: 0.080%
Break-even: 208.7 days

Slippage unknown: Injective: no order-book sample; Pacifica: live order book, 16 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 16 min ago	0.67 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1108%	8h	162.56	−4.004%	$27.0M	$117.7M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	162.38	−4.110%	$1.7M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.45	−4.069%	$4.6M	$19.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.98	−3.756%	$2.7M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.16	−4.237%	$513K	$2.0M	10x	as long as short
Injective MSTR/USDC PERPlong	+0.0033%	1h	169.34	long leg	$8K	$26K	30x
Vest MSTR-USD-PERP	+0.0037%	1h	162.04	−4.311%	—	$1.8M	25x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.73	−3.903%	$26K	$109K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.30	−4.157%	$375K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.28	−4.169%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.28	−4.169%	$867K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	162.40	−4.098%	$1.4M	$7.2M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	162.44	−4.075%	$263K	$443K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0093%	8h	162.34	−4.134%	$20.5M	$99.8M	50x	as long as short
Pacifica MSTRshort	+0.0100%	1h	162.41	−4.095%	$100K	$84K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	162.34	−4.134%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.29	−4.163%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.32	−4.146%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.45	−4.067%	$135	—	10x	as long as short
Variational Omni MSTR	+0.0124%	8h	163.00	−3.744%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0153%	8h	162.36	−4.124%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	162.54	−4.016%	$1.4M	$1.1M	10x	as long as short
Lighter MSTR	+0.0184%	1h	162.38	−4.110%	$3.4M	$1.9M	10x	as long as short
Binance MSTRUSDT	+0.0197%	8h	162.35	−4.128%	$84.3M	$625.0M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0207%	8h	162.62	−3.968%	$79K	$831K	10x	as long as short
BloFin MSTR-USDT	+0.0315%	8h	162.57	−3.998%	$1.0M	$2.1M	20x	as long as short
Phoenix MSTR	+0.0362%	1h	162.58	−3.993%	$55K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0366%	1h	162.28	−4.169%	$54.0M	$37.2M	10x	as long as short
Bybit MSTRUSDT	+0.0372%	8h	162.43	−4.081%	$16.6M	$41.3M	50x	as long as short
Nado MSTR-PERP	+0.0384%	1h	162.30	−4.155%	$130K	$156K	3x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0675%	1h	162.36	−4.122%	$276K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0858%	4h	162.53	−4.020%	$48K	$5.4M	10x	as long as short