MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0186%/8h= −20.3% APRnext payment −$0.23 per $10,000 · paid last 24h +0.046%

Price spread now: Arcus against tradeXYZ+0.128%7-day average +0.056% · 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−$37as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on tradeXYZ Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.128%, 7d avg +0.056%

Together, before fees−0.083%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.072% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.128% now, against its 7-day average of +0.056%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 4 days (−0.018% in total) that is about 15 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.018% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	164.39	0.0226	pay 0.0028% / 1h	7m 52s	$54.8M	$37.0M	10x
Short	Arcus MSTR-USD	164.60	0.0040	get 0.0005% / 1h	7m 52s	$26K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against tradeXYZ. 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 tradeXYZbpFee ArcusbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$38.97
Price spread: +0.128% → +0.056%: $7.18
Slippage, 4 orders: −$21.82
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$76.11
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; Arcus: live order book, 50 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 tradeXYZ live order book, 10 min ago	0.61 bp	10.0 bp −$10	12.6 bp −$126	doesn't fit	doesn't fit
Sell Arcus live order book, 50 min ago	7.57 bp	12.4 bp −$12	33.1 bp −$331	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	−0.0935%	8h	164.56	+0.103%	$27.8M	$115.1M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.38	−0.006%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.42	+0.018%	$4.6M	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.49	+0.061%	$2.8M	$74K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0013%	8h	164.44	+0.030%	$20.6M	$99.4M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.35	−0.024%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.28	−0.070%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.011%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.43	+0.026%	$267K	$448K	10x	as long as short
Arcus MSTR-USDshort	+0.0040%	1h	164.60	+0.128%	$26K	$109K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.34	−0.030%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.34	−0.030%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.40	+0.006%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.24	−0.091%	$856K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.45	+0.036%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0080%	8h	164.56	+0.106%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.39	−0.002%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.33	−0.036%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.43	+0.024%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.37	−0.012%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.39	+0.002%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0134%	8h	164.37	−0.013%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0145%	8h	164.44	+0.030%	$87.3M	$615.9M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0160%	8h	164.58	+0.114%	$76K	$780K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.164%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.54	+0.091%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTRlong	+0.0226%	1h	164.39	long leg	$54.8M	$37.0M	10x
Nado MSTR-PERP	+0.0240%	1h	164.28	−0.066%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0265%	8h	164.73	+0.207%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0346%	8h	164.49	+0.061%	$16.9M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0785%	1h	164.43	+0.024%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0908%	4h	164.55	+0.097%	$49K	$5.4M	10x	as long as short