Funding you earn now, next payment 09:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h −0.001%
Price spread now: tradeXYZ against Binance−0.025%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 7 days−0.056%−$6 · spread now −0.025%, 7d avg −0.096%
=Together, before fees+0.032%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and tradeXYZ is 0.072% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSTRUSDT | 163.05 | 0.0323 | pay 0.0323% / 8h | 7h 37m | $84.5M | $619.7M | 50x |
| Short | tradeXYZ xyz:MSTR | 163.01 | 0.0448 | get 0.0056% / 1h | 37m 44s | $53.7M | $37.5M | 10x |
Binance MSTRUSDT
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $26.33
- Price spread: −0.025% → −0.096%
- $7.18
- Slippage, 4 orders
- −$2.91
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $2.59
- Costs to cover
- 0.309%
- Break-even
- 6.3 days
Slippage from Binance: live order book, 6 min ago; tradeXYZ: 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, 6 min ago | 0.31 bp | 5.9 bp −$6 | 9.6 bp −$96 | 32.4 bp −$3,241 | 148.0 bp −$74.0K |
| Sell tradeXYZ live order book, 11 min ago | 0.31 bp | 9.8 bp −$10 | 11.7 bp −$117 | 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 | −0.0112% | 8h | 163.16 | +0.067% | $30.4M | $118.4M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.09 | +0.025% | $4.7M | $18.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.08 | +0.018% | $2.7M | $86K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.80 | −0.153% | $593K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.858% | $8K | $25K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.12 | +0.043% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.84 | −0.129% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.94 | −0.067% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.02 | −0.018% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.89 | −0.098% | $904K | $3.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0061% | 1h | 163.03 | −0.012% | $1.3M | $7.0M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.00 | −0.034% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 162.99 | −0.037% | $2.3M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.04 | −0.006% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.07 | +0.012% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.06 | +0.008% | $135 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.62 | −0.264% | $1.4M | $1.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0129% | 8h | 163.04 | −0.009% | $1.8M | $8.7M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0174% | 8h | 162.98 | −0.043% | $65 | — | 5x | as long as short |
| Lighter MSTR | +0.0184% | 1h | 163.02 | −0.018% | $3.5M | $1.7M | 10x | as long as short |
| Nado MSTR-PERP | +0.0191% | 1h | 162.85 | −0.125% | $125K | $165K | 3x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0235% | 8h | 163.07 | +0.012% | $20.8M | $98.9M | 50x | as long as short |
| Variational Omni MSTR | +0.0241% | 8h | 163.15 | +0.060% | $1.2M | $2.0M | — | as long as short |
| Binance MSTRUSDTlong | +0.0323% | 8h | 163.05 | long leg | $84.5M | $619.7M | 50x | |
| edgeX MSTRUSDC | +0.0376% | 4h | 163.24 | +0.115% | $47K | $5.4M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0400% | 1h | 163.07 | +0.015% | $268K | $417K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0442% | 8h | 163.14 | +0.055% | $1.0M | $2.1M | 20x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0448% | 1h | 163.01 | −0.025% | $53.7M | $37.5M | 10x | |
| Phoenix MSTR | +0.0460% | 1h | 163.24 | +0.116% | $55K | $223K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0610% | 8h | 163.12 | +0.043% | $17.1M | $41.2M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0689% | 8h | 163.37 | +0.196% | $80K | $848K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1101% | 1h | 163.01 | −0.025% | $277K | $430K | 10x | as long as short |
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDT
Paradex MSTR-USD-PERP
Lighter MSTR
Nado MSTR-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
edgeX MSTRUSDC
RISEx MSTR/USDC
BloFin MSTR-USDT
Phoenix MSTR
Bybit MSTRUSDT
GRVT MSTR_USDT_Perp
Deribit MSTR_USDC-PERPETUAL