Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.095%

Price spread now: edgeX against KuCoin−0.086%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$810.811% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days+0.093%+$9 · spread now −0.086%, 7d avg +0.018%

Together, before fees+0.054%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.103% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of +0.018%). If the spread goes back, that is −$10 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSTRUSDTM	168.73	0.0100	pay 0.0100% / 8h	7h 28m	$2.5M	$2.7M	20x
Short	edgeX MSTRUSDC	168.59	0.0123	get 0.0062% / 4h	3h 28m	$47K	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.086%Rate

Funding earned: $4.88
Price spread: −0.086% → +0.018%: −$10.32
Slippage, 4 orders: −$60.06
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$86.5
Costs to cover: 0.811%
Break-even: 131.1 days

Slippage from KuCoin: live order book, 3 min ago; edgeX: 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, 3 min ago	2.97 bp	36.8 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	5.64 bp	10.6 bp −$11	17.3 bp −$173	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	−0.0043%	1h	168.69	−0.026%	$139K	$90K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.83	+0.060%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.93	+0.119%	$21.7M	$101.3M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.86	+0.077%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.96	+0.136%	$28.5M	$113.9M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.68	−0.030%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.69	−0.024%	$85K	$825K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.77	+0.024%	$2.8M	$66K	10x	as long as short
Lighter MSTR	+0.0032%	1h	168.76	+0.018%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.77	+0.027%	$579K	$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
BloFin MSTR-USDT	+0.0032%	8h	168.82	+0.053%	$1.1M	$1.9M	20x	as long as short
Binance MSTRUSDT	+0.0035%	8h	168.85	+0.069%	$89.0M	$615.4M	50x	as long as short
QFEX MSTR-USD	+0.0035%	1h	168.70	−0.018%	$1.4M	$9.2M	10x	as long as short
Bybit MSTRUSDT	+0.0039%	8h	168.89	+0.095%	$15.2M	$39.2M	50x	as long as short
Arcus MSTR-USD	+0.0040%	1h	168.67	−0.036%	$27K	$117K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.82	+0.053%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.72	−0.006%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.76	+0.018%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.59	−0.083%	$756K	$5.0M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	−0.160%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0092%	8h	168.73	−0.002%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.75	+0.013%	$105K	$85K	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0100%	8h	168.73	long leg	$2.5M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	168.29	−0.261%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.79	+0.036%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.78	+0.029%	$140	—	10x	as long as short
edgeX MSTRUSDCshort	+0.0123%	4h	168.59	−0.086%	$47K	$5.5M	10x
tradeXYZ xyz:MSTR	+0.0208%	1h	168.75	+0.012%	$56.9M	$35.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.362%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.64	−0.056%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.81	+0.045%	$275K	$433K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0461%	1h	168.83	+0.059%	$287K	$438K	10x	as long as short