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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 05:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h −0.001%
Price spread now: QFEX against Extended+0.049%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Long on ExtendedShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.140%−$14 on $10k
Price spread, last 7 days−0.026%−$3 · spread now +0.049%, 7d avg +0.042%
Together, before fees−0.166%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MSTR_24_5-USD163.480.0032pay 0.0004% / 1h0m 35s$599K$1.9M10x
ShortQFEX MSTR-USD163.560.0067get 0.0008% / 1h0m 35s$1.4M$7.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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

Funding earned
$7.26
Price spread: +0.049% → +0.042%
$0.73
Slippage, 4 orders
−$11.13
Fee Extended: 2.5 bp × 2 orders
−$5
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$18.15
Costs to cover
0.261%
Break-even
24.5 days
Slippage from Extended: live order book, 3 min ago; QFEX: 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 Extended live order book, 3 min ago2.44 bp5.4 bp −$519.0 bp −$190doesn't fitdoesn't fit
Sell QFEX live order book, 3 min ago1.83 bp6.8 bp −$78.0 bp −$8015.8 bp −$1,578doesn'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−0.0978%8h163.75+0.165%$27.1M$116.6M25xas long as short
Aster MSTRUSDT0.0000%8h163.57+0.055%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.68+0.122%$4.6M$19.3M50xas long as short
Phemex MSTRUSDT0.0000%4h163.91+0.263%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.55+0.043%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USDlong+0.0032%1h163.48long leg$599K$1.9M10x
Injective MSTR/USDC PERP+0.0033%1h169.34+3.585%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.79+0.190%$26K$109K10xas long as short
OKX MSTR-USDT-SWAP+0.0042%8h163.62+0.086%$20.7M$98.9M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.34−0.086%—$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.53+0.031%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.64+0.098%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.41−0.043%$817K$4.0M10xas long as short
QFEX MSTR-USDshort+0.0067%1h163.56+0.049%$1.4M$7.2M10x
Paradex MSTR-USD-PERP+0.0076%8h163.56+0.047%$65—5xas long as short
Variational Omni MSTR+0.0089%8h163.65+0.102%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.60+0.073%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.57+0.055%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.60+0.073%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.58+0.061%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.61+0.079%$136—10xas long as short
GRVT MSTR_USDT_Perp+0.0149%8h163.93+0.277%$83K$824K10xas long as short
Binance MSTRUSDT+0.0156%8h163.61+0.080%$85.8M$618.8M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57+0.055%$1.4M$1.1M10xas long as short
RISEx MSTR/USDC+0.0231%1h163.62+0.083%$265K$445K10xas long as short
Nado MSTR-PERP+0.0239%1h163.53+0.033%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0252%1h163.56+0.049%$54.5M$37.1M10xas long as short
BloFin MSTR-USDT+0.0275%8h163.73+0.153%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0309%8h163.65+0.104%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h163.67+0.118%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0595%4h163.80+0.196%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0851%1h163.65+0.104%$278K$438K10xas long as short