MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0936%/8h= +102.5% APRnext payment +$9.36 per $10,000 · paid last 24h −0.005%

Price spread now: KuCoin against Bitget−0.140%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$790.789% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.140%, 7d avg −0.044%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.096% cheaper against Bitget than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of −0.044%). If the spread goes back, that is −$10 on $10k: about 8 hours of funding at the current rate (+$28 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.36 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	Bitget MSTRUSDT	164.87	−0.0836	get 0.0836% / 8h	4h 44m	$27.7M	$115.1M	25x
Short	KuCoin MSTRUSDTM	164.64	0.0100	get 0.0100% / 8h	4h 44m	$2.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.140%Rate

Funding earned: $196.56
Price spread: −0.140% → −0.044%: −$9.55
Slippage, 4 orders: −$54.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $108.07
Costs to cover: 0.789%
Break-even: 3.2 days

Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 3 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 Bitget live order book, 5 min ago	0.61 bp	9.0 bp −$9	14.4 bp −$144	36.3 bp −$3,634	doesn't fit
Sell KuCoin live order book, 3 min ago	2.73 bp	18.6 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
Bitget MSTRUSDTlong	−0.0836%	8h	164.87	long leg	$27.7M	$115.1M	25x
Gate MSTR_USDT	−0.0044%	8h	164.81	−0.036%	$4.6M	$18.4M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.70	−0.100%	$1.8M	$8.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.76	−0.067%	$2.8M	$72K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0010%	8h	164.76	−0.067%	$20.6M	$99.8M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.63	−0.146%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.53	−0.206%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.711%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.71	−0.097%	$267K	$449K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.78	−0.055%	$26K	$109K	10x	as long as short

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	164.65	−0.133%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.70	−0.103%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.69	−0.109%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.52	−0.212%	$866K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.68	−0.115%	$1.4M	$7.5M	10x	as long as short
Variational Omni MSTR	+0.0063%	8h	164.69	−0.106%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.68	−0.112%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	164.64	−0.140%	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	164.45	−0.255%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.73	−0.085%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.72	−0.092%	$137	—	10x	as long as short
Binance MSTRUSDT	+0.0125%	8h	164.72	−0.091%	$88.0M	$617.8M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0141%	8h	164.60	−0.161%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0159%	8h	164.81	−0.037%	$78K	$770K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.77	−0.061%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.56	−0.189%	$56K	$226K	10x	as long as short
BloFin MSTR-USDT	+0.0244%	8h	164.67	−0.121%	$1.0M	$2.0M	20x	as long as short
tradeXYZ xyz:MSTR	+0.0252%	1h	164.72	−0.091%	$55.0M	$36.9M	10x	as long as short
Nado MSTR-PERP	+0.0281%	1h	164.54	−0.199%	$122K	$148K	3x	as long as short
Bybit MSTRUSDT	+0.0367%	8h	164.81	−0.036%	$17.1M	$40.7M	50x	as long as short
edgeX MSTRUSDC	+0.0537%	4h	164.68	−0.118%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0722%	1h	164.71	−0.097%	$280K	$438K	10x	as long as short