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 +0.027%

Price spread now: KuCoin against GRVT−0.078%53s7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as 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−$810.808% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.107%−$11 · spread now −0.078%, 7d avg −0.044%

Together, before fees−0.116%+ Points / potential airdropGRVT: Active · farm board−$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.034% cheaper against GRVT than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.044%). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$3 a day). The two prices were read 53 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	GRVT MSTR_USDT_Perp	168.43	0	get 0.0000% / 8h	7h 32m	$85K	$825K	10x
Short	KuCoin MSTRUSDTM	168.30	0.0100	get 0.0100% / 8h	7h 32m	$2.5M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GRVT. 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 GRVTbpFee KuCoinbpOrdersPrice spread, now −0.078%Rate

Funding earned: $21
Price spread: −0.078% → −0.044%: −$3.41
Slippage, 4 orders: −$59.77
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$63.17
Costs to cover: 0.808%
Break-even: 28.1 days

Slippage from GRVT: live order book, 40 min ago; KuCoin: live order book, 4 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 GRVT live order book, 40 min ago	0.89 bp	8.5 bp −$9	11.7 bp −$117	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.56 bp	21.0 bp −$21	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
Nado MSTR-PERP	−0.0050%	1h	168.13	−0.179%	$139K	$90K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.31	−0.070%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.26	−0.102%	$21.7M	$100.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.31	−0.072%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.39	−0.024%	$28.4M	$114.0M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.67	+0.141%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perplong	0.0000%	8h	168.43	long leg	$85K	$825K	10x
Phemex MSTRUSDT	0.0000%	4h	168.38	−0.030%	$2.8M	$66K	10x	as long as short
Lighter MSTR	+0.0032%	1h	168.26	−0.102%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.15	−0.167%	$582K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0035%	1h	168.28	−0.090%	$1.4M	$9.3M	10x	as long as short
Binance MSTRUSDT	+0.0039%	8h	168.30	−0.075%	$88.8M	$615.7M	50x	as long as short
Arcus MSTR-USD	+0.0040%	1h	168.52	+0.053%	$27K	$117K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.25	−0.107%	—	$1.7M	25x	as long as short
BloFin MSTR-USDT	+0.0047%	8h	168.31	−0.072%	$1.1M	$1.9M	20x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.23	−0.119%	$395K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.24	−0.113%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.17	−0.155%	$761K	$5.0M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	+0.017%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0091%	8h	168.26	−0.100%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.31	−0.074%	$104K	$85K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	168.30	−0.078%	$2.5M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	168.66	+0.136%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.29	−0.084%	$3K	$8K	10x	as long as short
Bybit MSTRUSDT	+0.0103%	8h	168.31	−0.072%	$15.1M	$39.3M	50x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.25	−0.107%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0216%	1h	168.28	−0.090%	$56.8M	$35.3M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.540%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.74	+0.182%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.30	−0.076%	$274K	$434K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0821%	1h	168.30	−0.078%	$286K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0958%	4h	168.47	+0.026%	$47K	$5.5M	10x	as long as short