Funding you earn now, next payment 04:00 UTC−0.0313%/8h= −34.2% APRpaid last 24h −0.026%
Price spread now: QFEX against Bybit−0.067%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 4 days (all we have)−0.150%−$15 on $10k
+Price spread, last 7 days+0.057%+$6 · spread now −0.067%, 7d avg −0.048%
=The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MSTRUSDT | 164.79 | 0.0367 | pay 0.0367% / 8h | 4h 43m | $17.1M | $40.7M | 50x |
| Short | QFEX MSTR-USD | 164.68 | 0.0054 | get 0.0007% / 1h | 43m 50s | $1.4M | $7.5M | 10x |
Bybit MSTRUSDT
QFEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$65.63
- Price spread: −0.067% → −0.048%
- −$1.87
- Slippage, 4 orders
- −$9.58
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$98.08
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; QFEX: 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 | 0.30 bp | 9.0 bp −$9 | 12.9 bp −$129 | 128.1 bp −$12.8K | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.52 bp | 6.5 bp −$7 | 7.4 bp −$74 | 15.7 bp −$1,568 | 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 MSTRUSDT | −0.0836% | 8h | 164.87 | +0.049% | $27.7M | $115.1M | 25x | as long as short |
| Gate MSTR_USDT | −0.0044% | 8h | 164.76 | −0.018% | $4.6M | $18.4M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.71 | −0.049% | $1.8M | $8.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.76 | −0.018% | $2.8M | $72K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0010% | 8h | 164.72 | −0.042% | $20.6M | $99.8M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.63 | −0.097% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.53 | −0.158% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.761% | $8K | $26K | 30x | as long as short |
| RISEx MSTR/USDC | +0.0034% | 1h | 164.71 | −0.049% | $267K | $449K | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.78 | −0.006% | $26K | $109K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
RISEx MSTR/USDC
Arcus MSTR-USDShow 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 | −0.085% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.70 | −0.055% | $381K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.69 | −0.061% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.52 | −0.164% | $866K | $4.1M | 10x | as long as short |
| QFEX MSTR-USDshort | +0.0054% | 1h | 164.68 | −0.067% | $1.4M | $7.5M | 10x | |
| Variational Omni MSTR | +0.0063% | 8h | 164.69 | −0.058% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.68 | −0.064% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.63 | −0.097% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.45 | −0.206% | $6K | $185K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.73 | −0.036% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.72 | −0.043% | $137 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0125% | 8h | 164.73 | −0.039% | $88.0M | $617.8M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0141% | 8h | 164.60 | −0.113% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0159% | 8h | 164.81 | +0.011% | $78K | $770K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.77 | −0.012% | $1.4M | $1.1M | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.56 | −0.141% | $56K | $226K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0244% | 8h | 164.67 | −0.073% | $1.0M | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0251% | 1h | 164.69 | −0.061% | $55.0M | $36.9M | 10x | as long as short |
| Nado MSTR-PERP | +0.0281% | 1h | 164.54 | −0.150% | $122K | $148K | 3x | as long as short |
| Bybit MSTRUSDTlong | +0.0367% | 8h | 164.79 | long leg | $17.1M | $40.7M | 50x | |
| edgeX MSTRUSDC | +0.0537% | 4h | 164.68 | −0.070% | $49K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0722% | 1h | 164.71 | −0.049% | $280K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Binance MSTRUSDT
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Nado MSTR-PERP
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL