Settings8H · net · $10k
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Funding arb · Price arb /

MSTR

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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h −0.087%
Price spread now: Coinbase International against Arcus−0.110%7-day average −0.097% · 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−$42as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Long on ArcusShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.028%+$3 on $10k
Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.110%, 7d avg −0.097%
Together, before fees+0.126%+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.097%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus MSTR-USD163.750.0040pay 0.0005% / 1h55m 42s$26K$109K10x
ShortCoinbase International MSTR-PERP-INTX163.570.0168get 0.0021% / 1h55m 42s$1.4M$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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
$26.82
Price spread: −0.110% → −0.097%
−$1.33
Slippage, 4 orders
−$25.79
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$14.79
Costs to cover
0.403%
Break-even
10.9 days
Slippage from Arcus: live order book, 57 min ago; Coinbase International: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 57 min ago6.07 bp10.0 bp −$1039.7 bp −$397doesn't fitdoesn't fit
Sell Coinbase International live order book, 3 min ago4.28 bp9.3 bp −$914.4 bp −$144doesn't fitdoesn't fit

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−0.0986%8h163.83+0.049%$27.0M$116.9M25xas long as short
Aster MSTRUSDT0.0000%8h163.68−0.046%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.72−0.018%$4.6M$19.1M50xas long as short
Phemex MSTRUSDT0.0000%4h164.00+0.153%$2.8M$77K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.44−0.186%$599K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.414%$8K$26K30xas long as short
Arcus MSTR-USDlong+0.0040%1h163.75long leg$26K$109K10x
Vest MSTR-USD-PERP+0.0046%1h163.43−0.195%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.64−0.067%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.72−0.018%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX MSTR-USDT-SWAP+0.0050%8h163.63−0.073%$20.7M$99.0M50xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.65−0.061%$817K$3.9M10xas long as short
QFEX MSTR-USD+0.0054%1h163.65−0.061%$1.4M$7.2M10xas long as short
Lighter MSTR+0.0056%1h163.59−0.098%$3.5M$1.9M10xas long as short
Paradex MSTR-USD-PERP+0.0085%8h163.59−0.098%$65—5xas long as short
RISEx MSTR/USDC+0.0088%1h163.63−0.073%$265K$446K10xas long as short
Variational Omni MSTR+0.0094%8h163.78+0.019%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.65−0.060%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.58−0.104%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.44−0.189%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.73−0.012%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.75−0.001%$136—10xas long as short
GRVT MSTR_USDT_Perp+0.0148%8h163.74−0.007%$83K$824K10xas long as short
Binance MSTRUSDT+0.0160%8h163.65−0.061%$85.8M$619.3M50xas long as short
Coinbase International MSTR-PERP-INTXshort+0.0168%1h163.57−0.110%$1.4M$1.1M10x
edgeX MSTRUSDC+0.0248%4h163.64−0.069%$48K$5.4M10xas long as short
BloFin MSTR-USDT+0.0278%8h163.79+0.024%$1.0M$2.1M20xas long as short
Nado MSTR-PERP+0.0288%1h163.61−0.083%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0290%1h163.66−0.055%$54.5M$37.1M10xas long as short
Bybit MSTRUSDT+0.0319%8h163.750.000%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h163.63−0.076%$56K$226K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0850%1h163.78+0.018%$279K$438K10xas long as short