MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0338%/8h= +37.0% APRnext payment +$3.38 per $10,000 · paid last 24h +0.056%

Price spread now: BloFin against KuCoin+0.203%65s7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as 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−$640.636% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.348%+$35 on $10k

Price spread, last 4 days (all we have)−0.483%−$48 · spread now +0.203%, 7d avg +0.034%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.169% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.034%. The two prices were read 65 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	KuCoin MSTRUSDTM	162.22	0.0100	pay 0.0100% / 8h	7h 28m	$2.3M	$2.8M	20x
Short	BloFin MSTR-USDT	162.55	0.0438	get 0.0438% / 8h	7h 28m	$1.0M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.203%Rate

Funding earned: $71
Price spread: +0.203% → +0.034%: $16.93
Slippage, 4 orders: −$39.57
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $24.35
Costs to cover: 0.636%
Break-even: 4.6 days

Slippage from KuCoin: live order book, 9 min ago; BloFin: live order book, 5 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, 9 min ago	2.15 bp	26.8 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	1.23 bp	7.2 bp −$7	9.4 bp −$94	19.3 bp −$1,929	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	−0.0002%	8h	162.41	+0.117%	$30.5M	$118.3M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.37	+0.092%	$4.7M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.38	+0.099%	$2.7M	$86K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.12	−0.062%	$590K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	162.61	+0.240%	$7K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.34	+0.074%	$26K	$114K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.16	−0.037%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.00	−0.136%	$375K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.31	+0.055%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.37	+0.092%	$901K	$3.7M	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	+0.0061%	1h	162.30	+0.049%	$1.3M	$7.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.25	+0.019%	$99K	$88K	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0100%	8h	162.22	long leg	$2.3M	$2.8M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	162.55	+0.203%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.31	+0.055%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.33	+0.069%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	162.26	+0.025%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDT	+0.0124%	8h	162.30	+0.047%	$1.7M	$8.7M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0170%	8h	162.32	+0.059%	$65	—	5x	as long as short
Lighter MSTR	+0.0176%	1h	162.35	+0.080%	$3.4M	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0184%	1h	162.12	−0.064%	$124K	$157K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0229%	8h	162.39	+0.105%	$20.7M	$97.5M	50x	as long as short
Variational Omni MSTR	+0.0240%	8h	162.69	+0.289%	$1.2M	$2.0M	—	as long as short
Binance MSTRUSDT	+0.0316%	8h	162.34	+0.073%	$84.2M	$618.0M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0342%	8h	162.74	+0.321%	$84K	$846K	10x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	162.38	+0.099%	$267K	$398K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0414%	1h	162.27	+0.031%	$53.4M	$37.6M	10x	as long as short
BloFin MSTR-USDTshort	+0.0438%	8h	162.55	+0.203%	$1.0M	$2.1M	20x
Phoenix MSTR	+0.0460%	1h	162.62	+0.245%	$55K	$223K	10x	as long as short
Bybit MSTRUSDT	+0.0521%	8h	162.43	+0.129%	$17.0M	$41.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0861%	1h	162.26	+0.025%	$276K	$430K	10x	as long as short
edgeX MSTRUSDC	+0.0901%	4h	162.71	+0.304%	$46K	$5.4M	10x	as long as short