Funding you earn now, next payment 12:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h +0.146%
Price spread now: edgeX against Bybit−0.129%101s7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as 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−$390.395% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 7 days+0.129%+$13 · spread now −0.129%, 7d avg −0.016%
=Together, before fees+0.138%+ Points / potential airdropedgeX: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and edgeX is 0.113% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.016%). Swap the legs. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment. 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 | Bybit MSTRUSDT | 167.07 | 0.0589 | pay 0.0589% / 8h | 7h 03m | $17.3M | $40.4M | 50x |
| Short | edgeX MSTRUSDC | 166.85 | 0.0305 | get 0.0152% / 4h | 3h 03m | $49K | $5.4M | 10x |
Bybit MSTRUSDT
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bybit. 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
- −$59.72
- Price spread: −0.129% → −0.016%
- −$11.34
- Slippage, 4 orders
- −$19.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$110.53
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; edgeX: live order book, 5 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 Bybit live order book, 5 min ago | 1.20 bp | 9.1 bp −$9 | 13.9 bp −$139 | 107.9 bp −$10.8K | doesn't fit |
| Sell edgeX live order book, 5 min ago | 3.30 bp | 8.2 bp −$8 | 14.9 bp −$149 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | 0.0000% | 8h | 167.08 | +0.006% | $4.9M | $19.3M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 167.03 | −0.024% | $31.4M | $113.8M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 167.05 | −0.012% | $2.8M | $83K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 167.00 | −0.045% | $544K | $1.8M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 162.61 | −2.670% | $7K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 167.14 | +0.042% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 167.29 | +0.132% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 166.96 | −0.066% | $386K | $2.5M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 166.92 | −0.090% | $927K | $3.5M | 10x | as long as short |
| QFEX MSTR-USD | +0.0061% | 1h | 167.02 | −0.030% | $1.3M | $6.8M | 10x | as long as short |
Gate MSTR_USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MSTR | +0.0100% | 1h | 166.97 | −0.060% | $102K | $88K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 166.93 | −0.084% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 166.72 | −0.209% | $6K | $178K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 167.13 | +0.036% | $3K | $10K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 167.14 | +0.043% | $139 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 166.72 | −0.209% | $1.4M | $644K | 10x | as long as short |
| Lighter MSTR | +0.0168% | 1h | 167.09 | +0.012% | $3.6M | $1.8M | 10x | as long as short |
| Nado MSTR-PERP | +0.0182% | 1h | 166.92 | −0.088% | $128K | $143K | 3x | as long as short |
| Aster MSTRUSDT | +0.0192% | 8h | 167.04 | −0.018% | $1.8M | $8.6M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0195% | 8h | 167.02 | −0.031% | $67 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0278% | 8h | 167.04 | −0.018% | $21.6M | $93.1M | 50x | as long as short |
| Variational Omni MSTR | +0.0305% | 8h | 167.24 | +0.100% | $1.2M | $1.8M | — | as long as short |
| edgeX MSTRUSDCshort | +0.0305% | 4h | 166.85 | −0.129% | $49K | $5.4M | 10x | |
| tradeXYZ xyz:MSTR | +0.0373% | 1h | 166.88 | −0.114% | $55.2M | $36.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0385% | 8h | 167.06 | −0.006% | $87.3M | $591.2M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0400% | 1h | 167.10 | +0.021% | $272K | $387K | 10x | as long as short |
| Phoenix MSTR | +0.0460% | 1h | 167.10 | +0.016% | $57K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0505% | 8h | 166.98 | −0.054% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDTlong | +0.0589% | 8h | 167.07 | long leg | $17.3M | $40.4M | 50x | |
| GRVT MSTR_USDT_Perp | +0.0709% | 8h | 166.96 | −0.067% | $82K | $844K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0768% | 1h | 167.16 | +0.054% | $284K | $293K | 10x | as long as short |
| SoDEX MSTR-USD | +0.1334% | 1h | 167.08 | +0.006% | $44K | $3K | 10x | as long as short |
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Lighter MSTR
Nado MSTR-PERP
Aster MSTRUSDT
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
tradeXYZ xyz:MSTR
Binance MSTRUSDT
RISEx MSTR/USDC
Phoenix MSTR
BloFin MSTR-USDT
GRVT MSTR_USDT_Perp
Deribit MSTR_USDC-PERPETUAL
SoDEX MSTR-USD