MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.15 per $10,000 · paid last 24h +0.031%

Price spread now: Binance against KuCoin+0.029%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 2 days (all we have)−0.025%−$3 · spread now +0.029%, 7d avg +0.027%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSTRUSDTM	164.19	0.0100	pay 0.0100% / 8h	5h 59m	$2.4M	$2.7M	20x
Short	Binance MSTRUSDT	164.24	0.0085	get 0.0085% / 8h	5h 59m	$87.6M	$619.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.029%Rate

Funding earned: −$3.08
Price spread: +0.029% → +0.027%: $0.14
Slippage, 4 orders: −$29.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$54.64
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 14 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 KuCoin live order book, 2 min ago	1.52 bp	21.9 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.30 bp	5.4 bp −$5	9.5 bp −$95	30.4 bp −$3,045	85.9 bp −$42.9K

MSTR on 31 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	−0.1169%	8h	164.48	+0.177%	$27.5M	$114.8M	25x	as long as short
Gate MSTR_USDT	−0.0137%	8h	164.29	+0.061%	$4.6M	$19.2M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.22	+0.018%	$1.2M	$7.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.35	+0.097%	$20.8M	$99.3M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.40	+0.128%	$269K	$447K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.31	+0.073%	$2.8M	$69K	10x	as long as short
Variational Omni MSTR	+0.0016%	8h	164.41	+0.132%	$1.2M	$2.0M	—	as long as short
Lighter MSTR	+0.0032%	1h	164.21	+0.012%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.20	+0.009%	$594K	$1.9M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.53	+0.207%	$26K	$112K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.26	+0.043%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.29	+0.061%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.28	+0.055%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.25	+0.037%	$895K	$4.3M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.37	+0.110%	$1.4M	$7.9M	10x	as long as short
Binance MSTRUSDTshort	+0.0085%	8h	164.24	+0.029%	$87.6M	$619.0M	50x
Pacifica MSTR	+0.0100%	1h	164.38	+0.116%	$100K	$86K	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0100%	8h	164.19	long leg	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	164.40	+0.128%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.28	+0.055%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.28	+0.053%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0154%	8h	164.38	+0.114%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.31	+0.073%	$1.4M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0182%	1h	164.21	+0.012%	$55.0M	$36.6M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0202%	8h	164.53	+0.208%	$79K	$760K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0298%	1h	164.31	+0.073%	$279K	$438K	10x	as long as short
Nado MSTR-PERP	+0.0329%	1h	164.32	+0.078%	$122K	$149K	3x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+3.137%	$8K	$26K	30x	as long as short
Bybit MSTRUSDT	+0.0350%	8h	164.32	+0.079%	$17.0M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0381%	1h	164.51	+0.192%	$55K	$219K	10x	as long as short
edgeX MSTRUSDC	+0.0780%	4h	164.55	+0.219%	$50K	$5.5M	10x	as long as short