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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h −0.020%
Price spread now: tradeXYZ against BloFin+0.129%108s7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as 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−$330.326% of the position
Long on BloFinShort on tradeXYZ
What this pair did over the last
the charts below follow
Funding, last 7 days−0.107%−$11 on $10k
Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.129%, 7d avg −0.054%
Together, before fees−0.195%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and tradeXYZ is 0.182% dearer against BloFin than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.054%. Mind the row above: over the last 7 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MSTR-USDT163.340.0384pay 0.0384% / 8h51m 18s$1.0M$2.1M20x
ShorttradeXYZ xyz:MSTR163.550.0552get 0.0069% / 1h51m 18s$54.1M$37.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$35.28
Price spread: +0.129% → −0.054%
$18.25
Slippage, 4 orders
−$2.63
Fee BloFin: 6 bp × 2 orders
−$12
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
$20.9
Costs to cover
0.326%
Break-even
2.9 days
Slippage from BloFin: live order book, 2 min ago; tradeXYZ: live order book, 8 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 BloFin live order book, 2 min ago0.61 bp6.9 bp −$710.4 bp −$10423.5 bp −$2,348doesn't fit
Sell tradeXYZ live order book, 8 min ago0.31 bp9.9 bp −$1013.0 bp −$130doesn'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−0.0556%8h163.58+0.147%$29.2M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h163.59+0.153%$4.7M$19.4M50xas long as short
Phemex MSTRUSDT0.0000%4h163.44+0.061%$2.8M$81K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.38+0.024%$502K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.673%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.52+0.110%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.35+0.006%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.50+0.098%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.33−0.006%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.13−0.129%$857K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0067%1h163.53+0.116%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0069%8h163.36+0.013%$1.8M$8.7M50xas long as short
Lighter MSTR+0.0096%1h163.43+0.055%$3.5M$2.0M10xas long as short
Pacifica MSTR+0.0100%1h163.56+0.134%$100K$88K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.40+0.037%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.14−0.122%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.47+0.080%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.47+0.077%$136—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−1.114%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0175%8h163.44+0.063%$65—5xas long as short
Variational Omni MSTR+0.0193%8h163.27−0.040%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0194%8h163.46+0.073%$20.8M$99.9M50xas long as short
edgeX MSTRUSDC+0.0253%4h163.31−0.020%$46K$5.4M10xas long as short
Binance MSTRUSDT+0.0266%8h163.53+0.116%$84.2M$623.6M50xas long as short
GRVT MSTR_USDT_Perp+0.0277%8h163.49+0.092%$85K$849K10xas long as short
Phoenix MSTR+0.0357%1h163.49+0.093%$56K$223K10xas long as short
Nado MSTR-PERP+0.0382%1h163.32−0.010%$130K$157K3xas long as short
BloFin MSTR-USDTlong+0.0384%8h163.34long leg$1.0M$2.1M20x
Bybit MSTRUSDT+0.0417%8h163.53+0.116%$17.1M$41.7M50xas long as short
RISEx MSTR/USDC+0.0493%1h163.56+0.135%$266K$425K10xas long as short
tradeXYZ xyz:MSTRshort+0.0552%1h163.55+0.129%$54.1M$37.8M10x
Deribit MSTR_USDC-PERPETUAL+0.1160%1h163.40+0.037%$278K$437K10xas long as short