MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.1% APRnext payment +$0.64 per $10,000 · paid last 24h −0.078%

Price spread now: KuCoin against BloFin−0.024%110s7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$710.705% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.332%−$33 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now −0.024%, 7d avg −0.033%

Together, before fees−0.294%−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.332%, so the current rate has only just turned in your favour. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSTR-USDT	168.82	0.0036	pay 0.0036% / 8h	19m 16s	$1.1M	$1.9M	20x
Short	KuCoin MSTRUSDTM	168.78	0.0100	get 0.0100% / 8h	19m 16s	$2.5M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now −0.024%Rate

Funding earned: $13.52
Price spread: −0.024% → −0.033%: $0.89
Slippage, 4 orders: −$46.51
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$56.09
Costs to cover: 0.705%
Break-even: 36.0 days

Slippage from BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.30 bp	6.6 bp −$7	8.1 bp −$81	17.8 bp −$1,778	50.9 bp −$25.4K
Sell KuCoin live order book, 3 min ago	2.96 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
Nado MSTR-PERP	−0.0037%	1h	168.81	−0.005%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.84	+0.010%	$1.2M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.84	+0.012%	$4.7M	$19.5M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	168.80	−0.011%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.85	+0.018%	$2.9M	$66K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	168.88	+0.033%	$275K	$441K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0002%	8h	168.86	+0.024%	$21.9M	$106.2M	50x	as long as short
Lighter MSTR	+0.0032%	1h	168.80	−0.012%	$3.6M	$2.4M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.79	−0.015%	$581K	$1.8M	10x	as long as short
BloFin MSTR-USDTlong	+0.0036%	8h	168.82	long leg	$1.1M	$1.9M	20x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	+0.0040%	8h	168.90	+0.047%	$28.6M	$120.0M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0043%	8h	168.83	+0.006%	$77K	$871K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.88	+0.036%	—	$2.1M	25x	as long as short
QFEX MSTR-USD	+0.0049%	1h	168.82	0.000%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.72	−0.059%	$394K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.83	+0.006%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.71	−0.065%	$772K	$5.2M	10x	as long as short
Binance MSTRUSDT	+0.0054%	8h	168.85	+0.019%	$89.1M	$629.2M	50x	as long as short
Bybit MSTRUSDT	+0.0076%	8h	168.90	+0.047%	$15.1M	$40.4M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.041%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	168.79	−0.015%	$104K	$87K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	168.78	−0.024%	$2.5M	$2.8M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	168.77	−0.030%	$4K	$321K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.82	0.000%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.21	+0.231%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.83	+0.004%	$140	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0110%	8h	168.82	+0.001%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0149%	1h	168.82	0.000%	$57.0M	$37.2M	10x	as long as short
edgeX MSTRUSDC	+0.0231%	4h	168.79	−0.016%	$47K	$5.5M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	168.92	+0.058%	$56K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0402%	1h	168.91	+0.053%	$287K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	168.91	+0.053%	$27K	$129K	10x	as long as short