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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC−0.0710%/8h= −77.7% APRpaid last 24h −0.120%
Price spread now: tradeXYZ against edgeX−0.017%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$430.426% of the position
Long on edgeXShort on tradeXYZ
What this pair did over the last
the charts below follow
Funding, last 7 days+0.118%+$12 on $10k
Price spread, last 7 days−0.032%−$3 · spread now −0.017%, 7d avg −0.058%
Together, before fees+0.086%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.041% dearer against edgeX than usual: you sell high and buy low (spread −0.017% now, against its 7-day average of −0.058%): +$4 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.118%, 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 0.118% in total (about 6.2% 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 MSTRUSDC163.780.0965pay 0.0483% / 4h1h 17m$46K$5.4M10x
ShorttradeXYZ xyz:MSTR163.750.0255get 0.0032% / 1h17m 08s$54.2M$37.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
−$149.08
Price spread: −0.017% → −0.058%
$4.12
Slippage, 4 orders
−$15.59
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$187.54
Costs to cover
0.426%
Break-even
never at this rate
Slippage from edgeX: live order book, 2 min ago; tradeXYZ: live order book, 2 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, 2 min ago5.50 bp11.0 bp −$1118.1 bp −$181doesn't fitdoesn't fit
Sell tradeXYZ live order book, 2 min ago0.61 bp10.6 bp −$1113.2 bp −$132doesn'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−0.0779%8h163.98+0.123%$29.2M$118.8M25xas long as short
Gate MSTR_USDT0.0000%8h163.89+0.068%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.88+0.062%$2.8M$79K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.66−0.075%$511K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.396%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.76−0.011%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.73−0.029%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.73−0.029%$379K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.61−0.103%$840K$3.9M10xas long as short
Aster MSTRUSDT+0.0054%8h163.74−0.023%$1.8M$8.7M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.78+0.001%$1.3M$7.2M10xas long as short
Pacifica MSTR+0.0100%1h163.72−0.035%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.73−0.029%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.62−0.096%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.82+0.026%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.80+0.014%$136—10xas long as short
Lighter MSTR+0.0128%1h163.79+0.007%$3.5M$2.0M10xas long as short
SoDEX MSTR-USD+0.0137%1h163.81+0.020%$43K$3K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.379%$1.4M$1.1M10xas long as short
OKX MSTR-USDT-SWAP+0.0165%8h163.86+0.050%$20.9M$100.7M50xas long as short
Variational Omni MSTR+0.0166%8h163.76−0.013%$1.2M$2.1M—as long as short
Paradex MSTR-USD-PERP+0.0169%8h163.75−0.017%$65—5xas long as short
Binance MSTRUSDT+0.0251%8h163.85+0.044%$84.1M$627.3M50xas long as short
tradeXYZ xyz:MSTRshort+0.0255%1h163.75−0.017%$54.2M$37.2M10x
GRVT MSTR_USDT_Perp+0.0267%8h163.79+0.010%$84K$878K10xas long as short
Phoenix MSTR+0.0328%1h163.73−0.031%$56K$223K10xas long as short
Nado MSTR-PERP+0.0365%1h163.66−0.072%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0371%8h163.87+0.056%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.86+0.049%$266K$427K10xas long as short
Bybit MSTRUSDT+0.0393%8h163.82+0.026%$17.2M$41.9M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0912%1h163.77−0.005%$279K$437K10xas long as short
edgeX MSTRUSDClong+0.0965%4h163.78long leg$46K$5.4M10x