MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.36 per $10,000 · paid last 24h −0.035%

Price spread now: KuCoin against Bybit−0.065%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$670.673% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.065%, 7d avg −0.031%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.034% cheaper against Bybit than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.031%). If the spread goes back, that is −$3 on $10k: about 3.2 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.134%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MSTRUSDT	169.21	0.0064	pay 0.0064% / 8h	1h 14m	$15.2M	$40.6M	50x
Short	KuCoin MSTRUSDTM	169.10	0.0100	get 0.0100% / 8h	1h 14m	$2.6M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.065%Rate

Funding earned: $7.47
Price spread: −0.065% → −0.031%: −$3.4
Slippage, 4 orders: −$44.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$63.2
Costs to cover: 0.673%
Break-even: 66.2 days

Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 2 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, 4 min ago	0.59 bp	8.8 bp −$9	14.6 bp −$146	110.6 bp −$11.1K	doesn't fit
Sell KuCoin live order book, 2 min ago	3.25 bp	20.1 bp −$20	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	−0.0070%	1h	169.10	−0.062%	$139K	$97K	3x	as long as short
BloFin MSTR-USDT	−0.0028%	8h	169.28	+0.041%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.12	−0.053%	$1.2M	$6.1M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.18	−0.018%	$89.3M	$628.8M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.20	−0.006%	$22.1M	$106.9M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.21	0.000%	$276K	$442K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.14	−0.041%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.28	+0.044%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.35	+0.086%	$83K	$889K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.19	−0.012%	$2.9M	$63K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.16	−0.030%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.10	−0.065%	$585K	$1.8M	10x	as long as short
Bitget MSTRUSDT	+0.0034%	8h	169.18	−0.018%	$28.8M	$119.5M	25x	as long as short
QFEX MSTR-USD	+0.0042%	1h	169.19	−0.012%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.25	+0.024%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.14	−0.041%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.18	−0.018%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.10	−0.065%	$781K	$5.1M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.66	−0.325%	$1.5M	$1.2M	10x	as long as short
Bybit MSTRUSDTlong	+0.0064%	8h	169.21	long leg	$15.2M	$40.6M	50x
Paradex MSTR-USD-PERP	+0.0081%	8h	169.14	−0.039%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0094%	1h	169.18	−0.018%	$57.0M	$37.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.15	−0.038%	$104K	$105K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	169.10	−0.065%	$2.6M	$2.8M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	169.10	−0.065%	$4K	$406K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.19	−0.012%	$3K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.20	−0.008%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.37	+0.095%	$57K	$394K	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.32	+0.065%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0348%	4h	169.33	+0.072%	$48K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0401%	1h	169.14	−0.041%	$287K	$439K	10x	as long as short
Arcus MSTR-USD	+0.0457%	1h	169.25	+0.024%	$27K	$129K	10x	as long as short