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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0963%/8h= −105.4% APRpaid last 24h −0.146%
Price spread now: Gate against edgeX+0.022%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$540.536% of the position
Long on edgeXShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.202%+$20 on $10k
Price spread, last 7 days+0.028%+$3 · spread now +0.022%, 7d avg +0.024%
Together, before fees+0.230%+ Points / potential airdropedgeX: Active · farm board+$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$29 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.202%, 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 0.202% in total (about 10.5% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX MSTRUSDC163.300.0963pay 0.0481% / 4h0m 51s$46K$5.4M10x
ShortGate MSTR_USDT163.340get 0.0000% / 8h0m 51s$4.7M$19.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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
−$202.16
Price spread: +0.022% → +0.024%
−$0.19
Slippage, 4 orders
−$29.57
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$255.92
Costs to cover
0.536%
Break-even
never at this rate
Slippage from edgeX: live order book, 3 min ago; Gate: live order book, 3 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 edgeX live order book, 3 min ago5.51 bp10.4 bp −$1017.7 bp −$177doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago2.76 bp16.3 bp −$1629.4 bp −$294doesn'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−0.0397%8h163.42+0.071%$29.5M$119.3M25xas long as short
Gate MSTR_USDTshort0.0000%8h163.34+0.022%$4.7M$19.7M50x
Phemex MSTRUSDT0.0000%4h163.33+0.016%$2.7M$84K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.22−0.048%$589K$2.1M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.697%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.33+0.016%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.08−0.137%—$1.8M25xas long as short
Lighter MSTR+0.0048%1h163.25−0.033%$3.5M$2.0M10xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.16−0.088%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.24−0.039%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h163.14−0.100%$895K$3.7M10xas long as short
QFEX MSTR-USD+0.0067%1h163.15−0.094%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0079%8h163.25−0.030%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.13−0.103%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.19−0.069%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.16−0.088%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.27−0.020%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.29−0.006%$136—10xas long as short
Paradex MSTR-USD-PERP+0.0130%8h163.19−0.072%$65—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h162.62−0.418%$1.4M$1.1M10xas long as short
Nado MSTR-PERP+0.0161%1h163.12−0.113%$125K$165K3xas long as short
Variational Omni MSTR+0.0196%8h163.14−0.098%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0203%8h163.29−0.008%$20.8M$99.9M50xas long as short
GRVT MSTR_USDT_Perp+0.0266%8h163.41+0.065%$82K$859K10xas long as short
Binance MSTRUSDT+0.0273%8h163.29−0.008%$84.1M$620.6M50xas long as short
Phoenix MSTR+0.0357%1h163.27−0.021%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0393%8h163.29−0.008%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0397%8h163.32+0.010%$17.1M$41.7M50xas long as short
tradeXYZ xyz:MSTR+0.0415%1h163.26−0.026%$53.9M$37.7M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0485%1h163.32+0.010%$278K$437K10xas long as short
RISEx MSTR/USDC+0.0493%1h163.24−0.036%$268K$419K10xas long as short
edgeX MSTRUSDClong+0.0963%4h163.30long leg$46K$5.4M10x