Funding you earn now, next payment 12:00 UTC−0.0407%/8h= −44.6% APRpaid last 24h −0.129%
Price spread now: BloFin against edgeX−0.011%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 4 days (all we have)−0.369%−$37 · spread now −0.011%, 7d avg +0.017%
=Together, before fees−0.208%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and BloFin is 0.028% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.017%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.161%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.161% in total (about 8.4% 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 | edgeX MSTRUSDC | 163.62 | 0.0834 | pay 0.0417% / 4h | 3h 48m | $47K | $5.4M | 10x |
| Short | BloFin MSTR-USDT | 163.60 | 0.0426 | get 0.0426% / 8h | 7h 48m | $1.0M | $2.1M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against edgeX. 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
- −$85.57
- Price spread: −0.011% → +0.017%
- −$2.8
- Slippage, 4 orders
- −$15.26
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$124.63
- Costs to cover
- 0.363%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 1 min ago; BloFin: live order book, 4 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 edgeX live order book, 1 min ago | 5.20 bp | 10.7 bp −$11 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.61 bp | 7.3 bp −$7 | 10.4 bp −$104 | 25.7 bp −$2,566 | 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 | −0.0238% | 8h | 163.66 | +0.025% | $30.1M | $118.5M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.58 | −0.024% | $2.8M | $85K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.31 | −0.187% | $592K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.497% | $8K | $25K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.64 | +0.013% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.47 | −0.091% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.35 | −0.164% | $378K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.53 | −0.054% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.77 | +0.092% | $892K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0061% | 1h | 163.48 | −0.085% | $1.3M | $7.1M | 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 | +0.0072% | 1h | 163.47 | −0.091% | $3.5M | $1.7M | 10x | as long as short |
| Gate MSTR_USDT | +0.0084% | 8h | 163.67 | +0.031% | $4.7M | $18.4M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.48 | −0.087% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.52 | −0.060% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.46 | −0.097% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.64 | +0.013% | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.57 | −0.031% | $136 | — | 10x | as long as short |
| Aster MSTRUSDT | +0.0117% | 8h | 163.60 | −0.009% | $1.8M | $8.7M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.62 | −0.610% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0151% | 1h | 163.31 | −0.188% | $125K | $165K | 3x | as long as short |
| Paradex MSTR-USD-PERP | +0.0153% | 8h | 163.52 | −0.062% | $65 | — | 5x | as long as short |
| Variational Omni MSTR | +0.0218% | 8h | 163.95 | +0.201% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0224% | 8h | 163.62 | +0.001% | $20.9M | $99.4M | 50x | as long as short |
| Binance MSTRUSDT | +0.0310% | 8h | 163.61 | −0.008% | $84.3M | $619.0M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0400% | 1h | 163.53 | −0.053% | $269K | $417K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0408% | 1h | 163.59 | −0.018% | $53.9M | $37.5M | 10x | as long as short |
| BloFin MSTR-USDTshort | +0.0426% | 8h | 163.60 | −0.011% | $1.0M | $2.1M | 20x | |
| Phoenix MSTR | +0.0460% | 1h | 163.66 | +0.028% | $56K | $223K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0618% | 8h | 163.59 | −0.018% | $17.2M | $41.3M | 50x | as long as short |
| edgeX MSTRUSDClong | +0.0834% | 4h | 163.62 | long leg | $47K | $5.4M | 10x | |
| GRVT MSTR_USDT_Perp | +0.0900% | 8h | 163.72 | +0.063% | $80K | $838K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1097% | 1h | 163.50 | −0.073% | $278K | $432K | 10x | as long as short |
edgeX MSTRUSDC
BloFin MSTR-USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Lighter MSTR
Gate MSTR_USDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aster MSTRUSDT
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
Binance MSTRUSDT
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
Phoenix MSTR
Bybit MSTRUSDT
GRVT MSTR_USDT_Perp
Deribit MSTR_USDC-PERPETUAL