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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.014%
Price spread now: QFEX against Aevo+0.008%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on AevoShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo MSTR-PERP163.670.0104pay 0.0013% / 1h2m 10s$136—10x
ShortQFEX MSTR-USD163.680.0067get 0.0008% / 1h2m 10s$1.4M$7.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against Aevo. 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

Funding earned
−$7.86
Price spread: +0.008% → 0.000%
$0.83
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$33.03
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; QFEX: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample—————
Sell QFEX live order book, 7 min ago1.22 bp6.2 bp −$66.8 bp −$6814.7 bp −$1,473doesn't fit
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0972%8h163.81+0.088%$27.1M$116.6M25xas long as short
Aster MSTRUSDT0.0000%8h163.60−0.040%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.70+0.021%$4.6M$19.3M50xas long as short
Phemex MSTRUSDT0.0000%4h163.87+0.124%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.60−0.041%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.55−0.071%$599K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.467%$8K$26K30xas long as short
OKX MSTR-USDT-SWAP+0.0040%8h163.63−0.022%$20.7M$99.0M50xas long as short
Arcus MSTR-USD+0.0040%1h163.88+0.131%$26K$109K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.46−0.126%—$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.62−0.028%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.61−0.034%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.77+0.063%$817K$4.0M10xas long as short
QFEX MSTR-USDshort+0.0067%1h163.68+0.008%$1.4M$7.2M10x
Paradex MSTR-USD-PERP+0.0075%8h163.68+0.006%$65—5xas long as short
Variational Omni MSTR+0.0091%8h163.89+0.134%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.66−0.006%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.63−0.022%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.67+0.002%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.66−0.004%$4K$8K10xas long as short
Aevo MSTR-PERPlong+0.0104%1h163.67long leg$136—10x
GRVT MSTR_USDT_Perp+0.0149%8h163.93+0.163%$83K$824K10xas long as short
Binance MSTRUSDT+0.0156%8h163.59−0.049%$85.8M$618.9M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.059%$1.4M$1.1M10xas long as short
RISEx MSTR/USDC+0.0231%1h163.72+0.033%$265K$445K10xas long as short
Nado MSTR-PERP+0.0238%1h163.60−0.039%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0251%1h163.61−0.034%$54.5M$37.1M10xas long as short
BloFin MSTR-USDT+0.0277%8h163.71+0.027%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0310%8h163.66−0.004%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h163.96+0.180%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0369%4h163.85+0.112%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0484%1h163.70+0.021%$278K$438K10xas long as short