MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.091%

Price spread now: Extended against RISEx−0.077%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$250.246% of the position

Long on RISEx Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.191%−$19 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now −0.077%, 7d avg −0.102%

Together, before fees−0.264%+ Points / potential airdropExtended: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.025% dearer against RISEx than usual: you sell high and buy low (spread −0.077% now, against its 7-day average of −0.102%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 4 days (−0.191% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	162.03	0.0088	pay 0.0011% / 1h	24m 24s	$263K	$443K	10x
Short	Extended MSTR_24_5-USD	161.91	0.0032	get 0.0004% / 1h	24m 24s	$495K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against RISEx. 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 RISExbpFee ExtendedbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$11.68
Price spread: −0.077% → −0.102%: $2.46
Slippage, 4 orders: −$13.63
Fee RISEx: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$33.85
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from RISEx: live order book, 24 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 RISEx live order book, 24 min ago	0.31 bp	3.3 bp −$3	4.5 bp −$45	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	4.02 bp	8.4 bp −$8	36.6 bp −$366	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	−0.1265%	8h	162.36	+0.201%	$26.9M	$117.9M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	161.94	−0.059%	$1.7M	$8.7M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.13	+0.059%	$4.7M	$19.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.30	+0.164%	$2.7M	$77K	10x	as long as short
Vest MSTR-USD-PERP	+0.0027%	1h	161.52	−0.318%	—	$1.8M	25x	as long as short
Extended MSTR_24_5-USDshort	+0.0032%	1h	161.91	−0.077%	$495K	$2.0M	10x
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.508%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.01	−0.015%	$26K	$109K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	161.99	−0.028%	$374K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	161.95	−0.052%	$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	161.69	−0.213%	$863K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	162.04	+0.003%	$1.3M	$7.3M	10x	as long as short
RISEx MSTR/USDClong	+0.0088%	1h	162.03	long leg	$263K	$443K	10x
OKX MSTR-USDT-SWAP	+0.0096%	8h	162.09	+0.034%	$20.4M	$99.7M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	162.04	+0.003%	$99K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	161.91	−0.077%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	161.54	−0.305%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	161.98	−0.034%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	161.97	−0.042%	$134	—	10x	as long as short
Variational Omni MSTR	+0.0121%	8h	161.70	−0.205%	$1.2M	$2.1M	—	as long as short
Lighter MSTR	+0.0136%	1h	161.96	−0.046%	$3.4M	$2.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0146%	8h	161.98	−0.037%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	161.52	−0.318%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0196%	8h	162.07	+0.021%	$83.7M	$627.6M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0209%	8h	162.29	+0.159%	$77K	$849K	10x	as long as short
BloFin MSTR-USDT	+0.0314%	8h	162.02	−0.009%	$1.0M	$2.1M	20x	as long as short
tradeXYZ xyz:MSTR	+0.0333%	1h	161.97	−0.040%	$53.8M	$37.1M	10x	as long as short
Nado MSTR-PERP	+0.0360%	1h	161.94	−0.060%	$129K	$157K	3x	as long as short
Phoenix MSTR	+0.0362%	1h	162.41	+0.231%	$55K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0375%	8h	162.14	+0.065%	$16.7M	$41.8M	50x	as long as short
edgeX MSTRUSDC	+0.0394%	4h	161.77	−0.163%	$44K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0924%	1h	162.09	+0.034%	$276K	$438K	10x	as long as short