Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.013%

Price spread now: KuCoin against Extended+0.033%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$670.667% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.158%−$16 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.033%, 7d avg +0.056%

Together, before fees−0.180%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.023% cheaper against Extended than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.056%). If the spread goes back, that is −$2 on $10k: about 27 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.158%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	165.39	0.0032	pay 0.0004% / 1h	8m 34s	$598K	$1.9M	10x
Short	KuCoin MSTRUSDTM	165.45	0.0100	get 0.0100% / 8h	5h 08m	$2.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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

Position, each leg$Hold fordaysFee ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.033%Rate

Funding earned: $14.28
Price spread: +0.033% → +0.056%: −$2.27
Slippage, 4 orders: −$49.71
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$54.7
Costs to cover: 0.667%
Break-even: 33.8 days

Slippage from Extended: live order book, 5 min ago; KuCoin: live order book, 8 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 Extended live order book, 5 min ago	0.61 bp	4.6 bp −$5	34.9 bp −$349	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	1.81 bp	20.0 bp −$20	doesn't fit	doesn't fit	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	−0.0868%	8h	165.62	+0.136%	$27.8M	$114.7M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	165.42	+0.015%	$1.8M	$8.5M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	165.52	+0.076%	$20.7M	$100.2M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	165.60	+0.124%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.71	+0.190%	$2.8M	$73K	10x	as long as short
Lighter MSTR	+0.0032%	1h	165.43	+0.021%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	165.39	long leg	$598K	$1.9M	10x
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.385%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.68	+0.172%	$27K	$110K	10x	as long as short
Variational Omni MSTR	+0.0040%	8h	165.63	+0.144%	$1.2M	$2.1M	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	165.88	+0.293%	—	$1.7M	25x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	165.40	+0.003%	$55.0M	$36.8M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.60	+0.124%	$383K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.37	−0.015%	$882K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	165.50	+0.063%	$1.4M	$7.5M	10x	as long as short
SoDEX MSTR-USD	+0.0078%	1h	165.63	+0.142%	$44K	$3K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.44	+0.028%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	165.45	+0.033%	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	165.39	−0.003%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.67	+0.166%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.63	+0.143%	$137	—	10x	as long as short
Binance MSTRUSDT	+0.0111%	8h	165.54	+0.088%	$88.2M	$616.8M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0132%	8h	165.42	+0.017%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0166%	8h	165.80	+0.245%	$79K	$758K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	165.51	+0.070%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0215%	1h	165.38	−0.009%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0231%	8h	165.61	+0.130%	$1.0M	$2.0M	20x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	165.56	+0.100%	$271K	$447K	10x	as long as short
Phoenix MSTR	+0.0336%	1h	165.63	+0.141%	$56K	$227K	10x	as long as short
Bybit MSTRUSDT	+0.0339%	8h	165.65	+0.154%	$17.2M	$40.6M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0475%	1h	165.71	+0.190%	$282K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0485%	4h	165.62	+0.139%	$51K	$5.4M	10x	as long as short