MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.21 per $10,000 · paid last 24h +0.093%

Price spread now: RISEx against QFEX+0.003%7-day average +0.029% · 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−$27as in the Price arb table

costs, in and out, $10k−$250.245% of the position

Long on QFEX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.328%+$33 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now +0.003%, 7d avg +0.029%

Together, before fees+0.400%+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.026% cheaper against QFEX than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.029%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSTR-USD	164.10	0.0067	pay 0.0008% / 1h	41m 50s	$1.4M	$7.3M	10x
Short	RISEx MSTR/USDC	164.10	0.0231	get 0.0029% / 1h	41m 50s	$266K	$445K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against QFEX. 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 QFEXbpFee RISExbpOrdersPrice spread, now +0.003%Rate

Funding earned: $34.48
Price spread: +0.003% → +0.029%: −$2.61
Slippage, 4 orders: −$8.5
Fee QFEX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $7.37
Costs to cover: 0.245%
Break-even: 5.5 days

Slippage from QFEX: live order book, 12 min ago; RISEx: live order book, 12 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 QFEX live order book, 12 min ago	1.52 bp	6.5 bp −$7	8.6 bp −$86	doesn't fit	doesn't fit
Sell RISEx live order book, 12 min ago	2.73 bp	5.7 bp −$6	7.0 bp −$70	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	−0.0885%	8h	164.27	+0.104%	$27.8M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.00	−0.061%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.22	+0.073%	$4.6M	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.12	+0.012%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.98	−0.073%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.193%	$8K	$26K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0037%	8h	164.15	+0.030%	$20.6M	$99.4M	50x	as long as short
edgeX MSTRUSDC	+0.0038%	4h	164.50	+0.241%	$49K	$5.3M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.40	+0.183%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.97	−0.079%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.00	−0.061%	$379K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.08	−0.012%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.27	+0.104%	$855K	$4.0M	10x	as long as short
Lighter MSTR	+0.0064%	1h	164.10	0.000%	$3.5M	$1.9M	10x	as long as short
QFEX MSTR-USDlong	+0.0067%	1h	164.10	long leg	$1.4M	$7.3M	10x
Pacifica MSTR	+0.0100%	1h	164.14	+0.025%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.08	−0.012%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.28	+0.110%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.99	−0.067%	$4K	$8K	10x	as long as short
Variational Omni MSTR	+0.0101%	8h	164.45	+0.211%	$1.2M	$2.1M	—	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.02	−0.048%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0137%	8h	164.08	−0.011%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.14	+0.024%	$86.8M	$615.9M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0167%	8h	164.42	+0.194%	$75K	$803K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.96	−0.085%	$1.4M	$1.1M	10x	as long as short
RISEx MSTR/USDCshort	+0.0231%	1h	164.10	+0.003%	$266K	$445K	10x
tradeXYZ xyz:MSTR	+0.0245%	1h	164.11	+0.006%	$54.7M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0256%	1h	164.09	−0.009%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0278%	8h	164.32	+0.134%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0332%	8h	164.19	+0.055%	$16.7M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.53	+0.263%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0787%	1h	164.08	−0.012%	$279K	$438K	10x	as long as short