Funding you earn now, next payment 08:00 UTC+0.0055%/8h= +6.1% APRpaid last 24h −0.133%
Price spread now: OKX against edgeX+0.166%71s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as 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−$340.342% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 7 days−0.105%−$10 · spread now +0.166%, 7d avg +0.018%
=Together, before fees−0.076%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.147% dearer against edgeX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.018%. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSTRUSDC | 163.64 | 0.0003 | pay 0.0002% / 4h | 2h 52m | $48K | $5.4M | 10x |
| Short | OKX MSTR-USDT-SWAP | 163.91 | 0.0058 | get 0.0058% / 8h | 2h 52m | $20.7M | $99.3M | 50x |
edgeX MSTRUSDC
OKX MSTR-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $11.6
- Price spread: +0.166% → +0.018%
- $14.73
- Slippage, 4 orders
- −$15.25
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$7.91
- Costs to cover
- 0.342%
- Break-even
- 11.8 days
Slippage from edgeX: live order book, 2 min ago; OKX: 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 edgeX live order book, 2 min ago | 5.80 bp | 10.7 bp −$11 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.31 bp | 6.7 bp −$7 | 11.4 bp −$114 | 54.5 bp −$5,445 | 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 | −0.0985% | 8h | 164.00 | +0.221% | $27.1M | $116.9M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.79 | +0.089% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.92 | +0.172% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.00 | +0.221% | $2.8M | $77K | 10x | as long as short |
| edgeX MSTRUSDClong | +0.0003% | 4h | 163.64 | long leg | $48K | $5.4M | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.62 | −0.012% | $596K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.484% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.77 | +0.080% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.50 | −0.085% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.76 | +0.074% | $379K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USD | +0.0050% | 1h | 163.67 | +0.019% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.66 | +0.013% | $817K | $4.0M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 163.80 | +0.098% | $1.4M | $7.2M | 10x | as long as short |
| OKX MSTR-USDT-SWAPshort | +0.0058% | 8h | 163.91 | +0.166% | $20.7M | $99.3M | 50x | |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.84 | +0.125% | $266K | $446K | 10x | as long as short |
| Variational Omni MSTR | +0.0094% | 8h | 163.78 | +0.087% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.80 | +0.101% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.67 | +0.019% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.61 | −0.018% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.77 | +0.080% | $4K | $8K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0100% | 8h | 163.79 | +0.090% | $66 | — | 5x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.81 | +0.104% | $136 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0153% | 8h | 163.82 | +0.111% | $83K | $824K | 10x | as long as short |
| Lighter MSTR | +0.0160% | 1h | 163.74 | +0.062% | $3.5M | $1.9M | 10x | as long as short |
| Binance MSTRUSDT | +0.0166% | 8h | 163.87 | +0.140% | $85.8M | $619.6M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | −0.042% | $1.4M | $1.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0282% | 8h | 163.70 | +0.037% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0324% | 1h | 163.64 | +0.003% | $121K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0327% | 8h | 163.92 | +0.172% | $16.7M | $41.2M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0344% | 1h | 163.78 | +0.086% | $54.5M | $37.1M | 10x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.69 | +0.032% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1156% | 1h | 163.76 | +0.074% | $278K | $438K | 10x | as long as short |
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
RISEx MSTR/USDC
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Paradex MSTR-USD-PERP
Aevo MSTR-PERP
GRVT MSTR_USDT_Perp
Lighter MSTR
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
BloFin MSTR-USDT
Nado MSTR-PERP
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL