MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h −0.045%

Price spread now: tradeXYZ against RISEx−0.026%7-day average −0.065% · 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−$27as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on RISEx Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.185%−$19 on $10k

Price spread, last 4 days (all we have)−0.115%−$12 · spread now −0.026%, 7d avg −0.065%

Together, before fees−0.301%+ Points / potential airdroptradeXYZ: Active · farm board−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.038% dearer against RISEx than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.065%. Mind the row above: over the last 4 days funding on this pair cost −0.185%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	164.24	0.0231	pay 0.0029% / 1h	36m 43s	$266K	$445K	10x
Short	tradeXYZ xyz:MSTR	164.20	0.0269	get 0.0034% / 1h	36m 43s	$54.7M	$37.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.026%Rate

Funding earned: $8
Price spread: −0.026% → −0.065%: $3.83
Slippage, 4 orders: −$7.23
Fee RISEx: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$19.4
Costs to cover: 0.312%
Break-even: 24.0 days

Slippage from RISEx: live order book, 17 min ago; tradeXYZ: live order book, 3 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, 17 min ago	2.73 bp	5.7 bp −$6	6.6 bp −$66	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.61 bp	10.2 bp −$10	12.5 bp −$125	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	−0.0908%	8h	164.39	+0.089%	$27.9M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.26	+0.012%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.23	−0.008%	$4.6M	$19.0M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.30	+0.035%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.07	−0.105%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.103%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.24	−0.002%	$26K	$109K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0044%	8h	164.24	−0.002%	$20.7M	$99.1M	50x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.96	−0.172%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.15	−0.057%	$380K	$2.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	164.16	−0.051%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.06	−0.112%	$869K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.14	−0.063%	$1.4M	$7.3M	10x	as long as short
Lighter MSTR	+0.0072%	1h	164.21	−0.020%	$3.5M	$1.9M	10x	as long as short
Variational Omni MSTR	+0.0094%	8h	164.16	−0.053%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.21	−0.021%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.15	−0.057%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.79	−0.276%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.23	−0.008%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.27	+0.019%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0144%	8h	164.22	−0.011%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0163%	8h	164.03	−0.130%	$82K	$814K	10x	as long as short
Binance MSTRUSDT	+0.0166%	8h	164.25	+0.004%	$86.8M	$616.2M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.96	−0.172%	$1.4M	$1.1M	10x	as long as short
RISEx MSTR/USDClong	+0.0231%	1h	164.24	long leg	$266K	$445K	10x
edgeX MSTRUSDC	+0.0259%	4h	164.08	−0.102%	$49K	$5.3M	10x	as long as short
Nado MSTR-PERP	+0.0268%	1h	164.04	−0.126%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTRshort	+0.0269%	1h	164.20	−0.026%	$54.7M	$37.0M	10x
BloFin MSTR-USDT	+0.0283%	8h	164.31	+0.041%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0327%	8h	164.32	+0.047%	$16.7M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.17	−0.044%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1029%	1h	164.40	+0.095%	$280K	$438K	10x	as long as short