Funding you earn now, next payment 23:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.188%
Price spread now: Deribit against KuCoin+0.036%7-day average +0.050% · 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−$74as in the Price arb table
costs, in and out, $10k−$720.724% of the position
Funding, last 5 days (all we have)+0.583%+$58 on $10k
+Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.036%, 7d avg +0.050%
=The price spread sits at its 7-day average of +0.050%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSTRUSDTM | 169.01 | 0.0100 | pay 0.0100% / 8h | 1h 13m | $2.6M | $2.8M | 20x |
| Short | Deribit MSTR_USDC-PERPETUAL | 169.07 | 0.0342 | get 0.0043% / 1h | 13m 12s | $287K | $439K | 10x |
KuCoin MSTRUSDTM
Deribit MSTR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.78
- Price spread: +0.036% → +0.050%
- −$1.47
- Slippage, 4 orders
- −$53.43
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$23.12
- Costs to cover
- 0.724%
- Break-even
- 10.2 days
Slippage from KuCoin: live order book, 4 min ago; Deribit: 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 KuCoin live order book, 4 min ago | 3.25 bp | 29.4 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 6 min ago | 6.49 bp | 12.9 bp −$13 | 15.8 bp −$158 | 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 | −0.0073% | 1h | 169.03 | +0.012% | $139K | $97K | 3x | as long as short |
| BloFin MSTR-USDT | −0.0013% | 8h | 169.09 | +0.047% | $1.1M | $1.8M | 20x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.10 | +0.054% | $1.2M | $6.1M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.08 | +0.043% | $89.2M | $628.8M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.08 | +0.041% | $22.1M | $106.8M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.15 | +0.083% | $275K | $442K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.01 | 0.000% | $4.8M | $19.4M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.28 | +0.162% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.35 | +0.204% | $83K | $889K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.13 | +0.071% | $2.9M | $63K | 10x | as long as short |
Nado MSTR-PERP
BloFin MSTR-USDT
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 169.02 | +0.006% | $3.6M | $2.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.01 | 0.000% | $585K | $1.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0033% | 8h | 169.01 | 0.000% | $28.8M | $119.5M | 25x | as long as short |
| QFEX MSTR-USD | +0.0042% | 1h | 169.18 | +0.101% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.16 | +0.089% | — | $2.1M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.02 | +0.006% | $399K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.07 | +0.036% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.10 | +0.053% | $781K | $5.1M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.66 | −0.207% | $1.5M | $1.2M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0063% | 8h | 169.07 | +0.036% | $15.2M | $40.6M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0080% | 8h | 169.19 | +0.106% | $68 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0089% | 1h | 168.95 | −0.036% | $56.9M | $37.7M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.15 | +0.082% | $104K | $105K | 10x | as long as short |
| KuCoin MSTRUSDTMlong | +0.0100% | 8h | 169.01 | long leg | $2.6M | $2.8M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.10 | +0.053% | $4K | $406K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.07 | +0.036% | $3K | $11K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.10 | +0.052% | $140 | — | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.27 | +0.152% | $57K | $394K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.32 | +0.183% | $13K | $22K | 30x | as long as short |
| Deribit MSTR_USDC-PERPETUALshort | +0.0342% | 1h | 169.07 | +0.036% | $287K | $439K | 10x | |
| edgeX MSTRUSDC | +0.0348% | 4h | 169.33 | +0.190% | $48K | $5.5M | 10x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.19 | +0.107% | $27K | $129K | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
Bitget MSTRUSDT
QFEX MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Coinbase International MSTR-PERP-INTX
Bybit MSTRUSDT
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
Pacifica MSTR
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Phoenix MSTR
Injective MSTR/USDC PERP
edgeX MSTRUSDC
Arcus MSTR-USD