Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.007%
Price spread now: Gate against KuCoin+0.116%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$820.816% of the position
Funding, last 7 days+0.297%+$30 on $10k
+Price spread, last 7 days−0.045%−$5 · spread now +0.116%, 7d avg +0.045%
=The price spread pays, funding is against you. Gate is 0.071% dearer against KuCoin than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.045%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.297%, 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 | 163.64 | 0.0100 | pay 0.0100% / 8h | 2h 53m | $2.4M | $2.7M | 20x |
| Short | Gate MSTR_USDT | 163.83 | 0 | get 0.0000% / 8h | 2h 53m | $4.6M | $19.1M | 50x |
KuCoin MSTRUSDTM
Gate MSTR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$21
- Price spread: +0.116% → +0.045%
- $7.07
- Slippage, 4 orders
- −$54.6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$95.52
- Costs to cover
- 0.816%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; Gate: 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 | 3.06 bp | 30.8 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 1.53 bp | 19.2 bp −$19 | 36.3 bp −$363 | 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 | −0.0988% | 8h | 163.93 | +0.177% | $27.1M | $116.9M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.70 | +0.037% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDTshort | 0.0000% | 8h | 163.83 | +0.116% | $4.6M | $19.1M | 50x | |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.00 | +0.220% | $2.8M | $77K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0003% | 4h | 163.64 | −0.001% | $48K | $5.4M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.56 | −0.046% | $599K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.483% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.73 | +0.055% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.36 | −0.171% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.63 | −0.006% | $379K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Phemex MSTRUSDT
edgeX MSTRUSDC
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USD | +0.0050% | 1h | 163.67 | +0.018% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.65 | +0.006% | $817K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 163.63 | −0.006% | $1.4M | $7.2M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0055% | 8h | 163.79 | +0.092% | $20.7M | $99.2M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.70 | +0.037% | $265K | $446K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0094% | 8h | 163.64 | +0.003% | $65 | — | 5x | as long as short |
| Variational Omni MSTR | +0.0094% | 8h | 163.78 | +0.086% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.67 | +0.020% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTMlong | +0.0100% | 8h | 163.64 | long leg | $2.4M | $2.7M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.61 | −0.018% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.70 | +0.037% | $4K | $8K | 10x | as long as short |
| Lighter MSTR | +0.0104% | 1h | 163.65 | +0.006% | $3.5M | $1.9M | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.72 | +0.049% | $136 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0153% | 8h | 163.82 | +0.110% | $83K | $824K | 10x | as long as short |
| Binance MSTRUSDT | +0.0162% | 8h | 163.79 | +0.092% | $85.9M | $619.5M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | −0.043% | $1.4M | $1.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0282% | 8h | 163.70 | +0.037% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0304% | 1h | 163.48 | −0.095% | $121K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0325% | 8h | 163.82 | +0.110% | $16.7M | $41.2M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0329% | 1h | 163.74 | +0.061% | $54.5M | $37.1M | 10x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.69 | +0.032% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1156% | 1h | 163.76 | +0.073% | $278K | $438K | 10x | as long as short |
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Paradex MSTR-USD-PERP
Variational Omni MSTR
Pacifica MSTR
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Lighter MSTR
Aevo MSTR-PERP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
BloFin MSTR-USDT
Nado MSTR-PERP
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL