Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.013%

Price spread now: Extended against KuCoin−0.030%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$670.667% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.158%+$16 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.030%, 7d avg −0.056%

Together, before fees+0.177%+ Points / potential airdropExtended: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.026% dearer against KuCoin than usual: you sell high and buy low (spread −0.030% now, against its 7-day average of −0.056%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 30 hours. Mind the row above: over the last 7 days funding on this pair paid +0.158%, 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	165.69	0.0100	pay 0.0100% / 8h	5h 10m	$2.4M	$2.7M	20x
Short	Extended MSTR_24_5-USD	165.64	0.0032	get 0.0004% / 1h	10m 05s	$598K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$14.28
Price spread: −0.030% → −0.056%: $2.58
Slippage, 4 orders: −$49.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$78.42
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Extended: live order book, 3 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, 7 min ago	1.81 bp	34.9 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.61 bp	7.2 bp −$7	42.7 bp −$427	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
Bitget MSTRUSDT	−0.0900%	8h	165.80	+0.066%	$27.8M	$114.7M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	165.69	+0.002%	$1.9M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	165.82	+0.078%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.81	+0.072%	$2.8M	$72K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0001%	8h	165.77	+0.048%	$20.8M	$100.3M	50x	as long as short
Lighter MSTR	+0.0032%	1h	165.71	+0.012%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USDshort	+0.0032%	1h	165.64	−0.030%	$598K	$1.9M	10x
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.203%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.65	−0.024%	$27K	$110K	10x	as long as short
Variational Omni MSTR	+0.0040%	8h	165.63	−0.035%	$1.2M	$2.1M	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	165.95	+0.157%	—	$1.7M	25x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	165.69	0.000%	$55.1M	$36.8M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.75	+0.036%	$384K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.55	−0.084%	$882K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	165.83	+0.084%	$1.4M	$7.5M	10x	as long as short
SoDEX MSTR-USD	+0.0088%	1h	165.80	+0.066%	$44K	$3K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.75	+0.033%	$101K	$84K	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0100%	8h	165.69	long leg	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	165.39	−0.181%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.80	+0.066%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.74	+0.031%	$138	—	10x	as long as short
Binance MSTRUSDT	+0.0110%	8h	165.79	+0.060%	$88.3M	$616.6M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0136%	8h	165.84	+0.090%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0163%	8h	165.50	−0.112%	$75K	$749K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	165.51	−0.109%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0216%	1h	165.72	+0.019%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0229%	8h	165.79	+0.060%	$1.0M	$2.0M	20x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	165.88	+0.115%	$272K	$447K	10x	as long as short
Phoenix MSTR	+0.0336%	1h	165.57	−0.074%	$56K	$227K	10x	as long as short
Bybit MSTRUSDT	+0.0352%	8h	165.85	+0.097%	$17.3M	$40.6M	50x	as long as short
edgeX MSTRUSDC	+0.0721%	4h	165.59	−0.059%	$51K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0837%	1h	165.81	+0.072%	$282K	$438K	10x	as long as short