MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.037%

Price spread now: KuCoin against Binance−0.076%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$580.585% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 2 days (all we have)+0.118%+$12 · spread now −0.076%, 7d avg −0.021%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.054% cheaper against Binance than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.021%). If the spread goes back, that is −$5 on $10k: about 44 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.098%, 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	Binance MSTRUSDT	169.41	0	get 0.0000% / 8h	2h 06m	$88.6M	$630.7M	50x
Short	KuCoin MSTRUSDTM	169.28	0.0100	get 0.0100% / 8h	2h 06m	$2.6M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.076%Rate

Funding earned: $21
Price spread: −0.076% → −0.021%: −$5.44
Slippage, 4 orders: −$36.46
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$42.9
Costs to cover: 0.585%
Break-even: 21.3 days

Slippage from Binance: live order book, 8 min ago; KuCoin: live order book, 11 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 Binance live order book, 8 min ago	0.29 bp	5.3 bp −$5	5.6 bp −$56	27.5 bp −$2,754	134.8 bp −$67.4K
Sell KuCoin live order book, 11 min ago	2.36 bp	18.7 bp −$19	doesn't fit	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
Nado MSTR-PERP	−0.0070%	1h	169.30	−0.066%	$139K	$98K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.38	−0.014%	$1.3M	$6.2M	50x	as long as short
Binance MSTRUSDTlong	0.0000%	8h	169.41	long leg	$88.6M	$630.7M	50x
OKX MSTR-USDT-SWAP	0.0000%	8h	169.43	+0.013%	$22.1M	$107.5M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.40	−0.005%	$277K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.36	−0.029%	$4.8M	$19.7M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.48	+0.043%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.49	+0.047%	$83K	$948K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.41	+0.001%	$2.9M	$59K	10x	as long as short
BloFin MSTR-USDT	+0.0014%	8h	169.41	+0.001%	$1.1M	$1.8M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.39	−0.011%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.29	−0.070%	$588K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0039%	1h	169.41	+0.001%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.55	+0.084%	—	$2.1M	25x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	169.11	−0.176%	$1.5M	$1.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.34	−0.040%	$406K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.40	−0.005%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.30	−0.064%	$752K	$5.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0061%	1h	169.38	−0.017%	$56.8M	$38.4M	10x	as long as short
Bitget MSTRUSDT	+0.0067%	8h	169.41	+0.001%	$28.8M	$120.0M	25x	as long as short
Paradex MSTR-USD-PERP	+0.0084%	8h	169.37	−0.023%	$68	—	5x	as long as short
Bybit MSTRUSDT	+0.0088%	8h	169.41	+0.001%	$15.2M	$41.2M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	169.33	−0.048%	$103K	$121K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	169.28	−0.076%	$2.6M	$2.8M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	169.40	−0.005%	$4K	$854K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.41	+0.001%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.40	−0.006%	$141	—	10x	as long as short
Phoenix MSTR	+0.0184%	1h	169.49	+0.049%	$57K	$396K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0341%	1h	169.42	+0.007%	$288K	$439K	10x	as long as short
Arcus MSTR-USD	+0.0432%	1h	169.49	+0.048%	$27K	$134K	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	169.61	+0.119%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0756%	4h	169.48	+0.042%	$48K	$5.4M	10x	as long as short