MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0065%/8h= −7.1% APRnext payment −$0.08 per $10,000 · paid last 24h −0.019%

Price spread now: QFEX against Pacifica+0.033%7-day average +0.007% · 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−$25as in the Price arb table

costs, in and out, $10k−$270.275% of the position

Long on Pacifica Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.164%−$16 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.033%, 7d avg +0.007%

Together, before fees−0.141%+ Points / potential airdropPacifica: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.026% dearer against Pacifica than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of +0.007%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 3 days (−0.164% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MSTR	168.89	0.0100	pay 0.0013% / 1h	27m 44s	$105K	$85K	10x
Short	QFEX MSTR-USD	168.95	0.0035	get 0.0004% / 1h	27m 44s	$1.4M	$9.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$13.57
Price spread: +0.033% → +0.007%: $2.62
Slippage, 4 orders: −$9.47
Fee Pacifica: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$38.43
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from Pacifica: live order book, 45 min ago; QFEX: live order book, 6 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, 45 min ago	1.33 bp	5.3 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.78 bp	6.8 bp −$7	7.8 bp −$78	15.8 bp −$1,582	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	−0.0043%	1h	168.84	−0.034%	$139K	$90K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.79	−0.059%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.63	−0.156%	$21.7M	$100.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.63	−0.156%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.69	−0.121%	$28.4M	$113.8M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.68	−0.127%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.69	−0.121%	$85K	$825K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.83	−0.038%	$2.9M	$66K	10x	as long as short
Lighter MSTR	+0.0032%	1h	168.64	−0.150%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.47	−0.248%	$581K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MSTR-USDT	+0.0032%	8h	168.82	−0.044%	$1.1M	$1.9M	20x	as long as short
Binance MSTRUSDT	+0.0032%	8h	168.70	−0.114%	$88.9M	$615.3M	50x	as long as short
QFEX MSTR-USDshort	+0.0035%	1h	168.95	+0.033%	$1.4M	$9.2M	10x
Arcus MSTR-USD	+0.0040%	1h	168.74	−0.091%	$27K	$117K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.95	+0.033%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.84	−0.032%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.85	−0.026%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.59	−0.180%	$756K	$5.0M	10x	as long as short
Bybit MSTRUSDT	+0.0054%	8h	168.62	−0.162%	$15.1M	$39.2M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	−0.257%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0091%	8h	168.88	−0.007%	$68	—	5x	as long as short
Pacifica MSTRlong	+0.0100%	1h	168.89	long leg	$105K	$85K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	168.61	−0.168%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.29	−0.358%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.87	−0.014%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.84	−0.030%	$140	—	10x	as long as short
edgeX MSTRUSDC	+0.0123%	4h	168.59	−0.183%	$47K	$5.5M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0202%	1h	168.53	−0.216%	$56.8M	$35.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.264%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.64	−0.153%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.89	−0.001%	$275K	$433K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0520%	1h	168.91	+0.009%	$287K	$438K	10x	as long as short