MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h +0.004%

Price spread now: Extended against Pacifica+0.020%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Pacifica Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.020%, 7d avg −0.066%

Together, before fees−0.079%+ Points / potential airdropPacifica: Active · Extended: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.086% dearer against Pacifica than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.066%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MSTR	169.28	0.0100	pay 0.0013% / 1h	4m 37s	$103K	$121K	10x
Short	Extended MSTR_24_5-USD	169.31	0.0032	get 0.0004% / 1h	4m 37s	$588K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Pacifica. 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 PacificabpFee ExtendedbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$14.28
Price spread: +0.020% → −0.066%: $8.57
Slippage, 4 orders: −$17.67
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$36.38
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from Pacifica: live order book, 18 min ago; Extended: live order book, 4 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 Pacifica live order book, 18 min ago	0.03 bp	5.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	1.77 bp	5.4 bp −$5	32.2 bp −$322	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	−0.0069%	1h	169.36	+0.050%	$139K	$98K	3x	as long as short
BloFin MSTR-USDT	−0.0008%	8h	169.35	+0.044%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.38	+0.064%	$1.3M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.38	+0.061%	$88.6M	$630.7M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.36	+0.050%	$22.1M	$107.4M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.38	+0.061%	$277K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.32	+0.026%	$4.8M	$19.7M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.39	+0.066%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.49	+0.125%	$83K	$948K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.38	+0.061%	$2.9M	$59K	10x	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	169.37	+0.056%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USDshort	+0.0032%	1h	169.31	+0.020%	$588K	$1.9M	10x
QFEX MSTR-USD	+0.0039%	1h	169.40	+0.073%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.58	+0.180%	—	$2.1M	25x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	169.11	−0.098%	$1.5M	$1.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.39	+0.067%	$406K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.41	+0.079%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.30	+0.014%	$752K	$5.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0062%	1h	169.30	+0.014%	$56.8M	$38.4M	10x	as long as short
Bitget MSTRUSDT	+0.0065%	8h	169.38	+0.061%	$28.8M	$120.0M	25x	as long as short
Paradex MSTR-USD-PERP	+0.0083%	8h	169.40	+0.074%	$68	—	5x	as long as short
Bybit MSTRUSDT	+0.0084%	8h	169.43	+0.091%	$15.2M	$41.2M	50x	as long as short
Pacifica MSTRlong	+0.0100%	1h	169.28	long leg	$103K	$121K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	169.33	+0.032%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.35	+0.044%	$4K	$854K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.42	+0.085%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.41	+0.081%	$141	—	10x	as long as short
Phoenix MSTR	+0.0184%	1h	169.49	+0.127%	$57K	$396K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0222%	1h	169.47	+0.115%	$288K	$439K	10x	as long as short
Arcus MSTR-USD	+0.0432%	1h	169.53	+0.150%	$27K	$134K	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	169.61	+0.197%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0756%	4h	169.48	+0.120%	$48K	$5.4M	10x	as long as short