MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.007%

Price spread now: KuCoin against Gate−0.024%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.297%−$30 on $10k

Price spread, last 7 days−0.045%−$5 · spread now −0.024%, 7d avg −0.045%

Together, before fees−0.343%−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.020% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.045%. Mind the row above: over the last 7 days funding on this pair cost −0.297%, 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	Gate MSTR_USDT	164.41	0	get 0.0000% / 8h	3h 51m	$4.6M	$18.7M	50x
Short	KuCoin MSTRUSDTM	164.37	0.0100	get 0.0100% / 8h	3h 51m	$2.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now −0.024%Rate

Funding earned: $21
Price spread: −0.024% → −0.045%: $2.03
Slippage, 4 orders: −$40.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.02
Costs to cover: 0.671%
Break-even: 21.7 days

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 6 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 Gate live order book, 3 min ago	0.91 bp	11.7 bp −$12	34.3 bp −$343	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	1.52 bp	18.9 bp −$19	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	−0.0884%	8h	164.55	+0.085%	$27.9M	$115.3M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.44	+0.016%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDTlong	0.0000%	8h	164.41	long leg	$4.6M	$18.7M	50x
Phemex MSTRUSDT	0.0000%	4h	164.50	+0.055%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0028%	8h	164.45	+0.024%	$20.7M	$99.5M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.32	−0.055%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.26	−0.091%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.999%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.66	+0.152%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.36	−0.030%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.41	0.000%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.42	+0.006%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.47	+0.036%	$858K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.41	0.000%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0100%	8h	164.47	+0.034%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.43	+0.014%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	164.37	−0.024%	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	164.55	+0.085%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.43	+0.012%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.45	+0.024%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0137%	8h	164.38	−0.017%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.41	+0.001%	$86.8M	$615.8M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.176%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0171%	8h	164.74	+0.201%	$82K	$792K	10x	as long as short
edgeX MSTRUSDC	+0.0179%	4h	164.56	+0.092%	$49K	$5.3M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0215%	1h	164.37	−0.024%	$54.7M	$37.0M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.42	+0.007%	$267K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0232%	1h	164.37	−0.027%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	164.44	+0.018%	$1.0M	$2.0M	20x	as long as short
Phoenix MSTR	+0.0340%	1h	164.59	+0.108%	$56K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0343%	8h	164.46	+0.030%	$16.9M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0845%	1h	164.51	+0.061%	$280K	$438K	10x	as long as short