MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.17 per $10,000 · paid last 24h +0.033%

Price spread now: tradeXYZ against Pacifica+0.033%7-day average −0.029% · 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−$29as in the Price arb table

costs, in and out, $10k−$360.355% of the position

Long on Pacifica Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.033%, 7d avg −0.029%

Together, before fees+0.007%+ Points / potential airdropPacifica: Active · tradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and tradeXYZ is 0.062% dearer against Pacifica than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MSTR	165.13	0.0100	pay 0.0013% / 1h	55m 26s	$101K	$88K	10x
Short	tradeXYZ xyz:MSTR	165.18	0.0232	get 0.0029% / 1h	55m 26s	$54.6M	$36.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.033%Rate

Funding earned: $27.77
Price spread: +0.033% → −0.029%: $6.22
Slippage, 4 orders: −$9.5
Fee Pacifica: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$1.51
Costs to cover: 0.355%
Break-even: 7.4 days

Slippage from Pacifica: live order book, 8 min ago; tradeXYZ: 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, 8 min ago	3.99 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.30 bp	10.2 bp −$10	13.0 bp −$130	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
Ondo Perps MSTR-USD.P	−0.0082%	1h	165.18	+0.033%	$923K	$3.5M	10x	as long as short
SoDEX MSTR-USD	−0.0022%	1h	165.09	−0.021%	$43K	$3K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	165.25	+0.076%	$4.9M	$17.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	165.12	−0.003%	$31.2M	$113.0M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.90	+0.469%	$2.8M	$84K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.10	−0.016%	$531K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	165.22	+0.057%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.00	−0.076%	$380K	$2.5M	10x	as long as short
QFEX MSTR-USD	+0.0076%	1h	165.06	−0.039%	$1.3M	$6.8M	10x	as long as short
Pacifica MSTRlong	+0.0100%	1h	165.13	long leg	$101K	$88K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MSTRUSDTM	+0.0100%	8h	165.12	−0.003%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.07	+0.572%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.38	+0.154%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.34	+0.132%	$137	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	164.98	−0.088%	$1.4M	$634K	10x	as long as short
Lighter MSTR	+0.0136%	1h	164.96	−0.100%	$3.5M	$1.7M	10x	as long as short
Nado MSTR-PERP	+0.0136%	1h	165.06	−0.038%	$126K	$140K	3x	as long as short
Paradex MSTR-USD-PERP	+0.0181%	8h	164.97	−0.094%	$66	—	5x	as long as short
Aster MSTRUSDT	+0.0189%	8h	165.39	+0.159%	$1.8M	$8.4M	50x	as long as short
tradeXYZ xyz:MSTRshort	+0.0232%	1h	165.18	+0.033%	$54.6M	$36.3M	10x
OKX MSTR-USDT-SWAP	+0.0274%	8h	165.18	+0.033%	$21.5M	$91.7M	50x	as long as short
Variational Omni MSTR	+0.0298%	8h	165.92	+0.483%	$1.2M	$1.8M	—	as long as short
Binance MSTRUSDT	+0.0374%	8h	165.23	+0.063%	$86.2M	$588.7M	50x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	162.61	−1.523%	$7K	$26K	30x	as long as short
Phoenix MSTR	+0.0460%	1h	166.22	+0.663%	$56K	$217K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0477%	1h	165.10	−0.015%	$281K	$276K	10x	as long as short
Bybit MSTRUSDT	+0.0491%	8h	165.22	+0.057%	$17.0M	$40.4M	50x	as long as short
BloFin MSTR-USDT	+0.0501%	8h	166.52	+0.845%	$1.1M	$2.1M	20x	as long as short
GRVT MSTR_USDT_Perp	+0.0590%	8h	166.34	+0.736%	$82K	$854K	10x	as long as short
RISEx MSTR/USDC	+0.0598%	1h	165.26	+0.082%	$269K	$382K	10x	as long as short
edgeX MSTRUSDC	+0.0686%	4h	166.14	+0.616%	$49K	$5.4M	10x	as long as short
Arcus MSTR-USD	+0.0942%	1h	165.13	+0.003%	$26K	$102K	10x	as long as short