MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.027%

Price spread now: GRVT against KuCoin+0.078%53s7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as 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−$810.808% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 3 days (all we have)+0.107%+$11 · spread now +0.078%, 7d avg +0.044%

Together, before fees+0.116%+ Points / potential airdropGRVT: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.034% dearer against KuCoin than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of +0.044%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours. The two prices were read 53 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	168.30	0.0100	pay 0.0100% / 8h	7h 32m	$2.5M	$2.7M	20x
Short	GRVT MSTR_USDT_Perp	168.43	0	get 0.0000% / 8h	7h 32m	$85K	$825K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$21
Price spread: +0.078% → +0.044%: $3.41
Slippage, 4 orders: −$59.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$98.35
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; GRVT: live order book, 40 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	3.56 bp	41.8 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 40 min ago	0.89 bp	9.5 bp −$9	14.8 bp −$148	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	−0.0050%	1h	168.13	−0.101%	$139K	$90K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.31	+0.008%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.26	−0.024%	$21.7M	$100.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.31	+0.006%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.39	+0.053%	$28.4M	$114.0M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.67	+0.219%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perpshort	0.0000%	8h	168.43	+0.078%	$85K	$825K	10x
Phemex MSTRUSDT	0.0000%	4h	168.38	+0.048%	$2.8M	$66K	10x	as long as short
Lighter MSTR	+0.0032%	1h	168.26	−0.024%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.15	−0.089%	$582K	$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
QFEX MSTR-USD	+0.0035%	1h	168.28	−0.012%	$1.4M	$9.3M	10x	as long as short
Binance MSTRUSDT	+0.0039%	8h	168.30	+0.003%	$88.8M	$615.7M	50x	as long as short
Arcus MSTR-USD	+0.0040%	1h	168.52	+0.131%	$27K	$117K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.25	−0.030%	—	$1.7M	25x	as long as short
BloFin MSTR-USDT	+0.0047%	8h	168.31	+0.006%	$1.1M	$1.9M	20x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.23	−0.042%	$395K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.24	−0.036%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.17	−0.077%	$761K	$5.0M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	+0.095%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0091%	8h	168.26	−0.022%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.31	+0.004%	$104K	$85K	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0100%	8h	168.30	long leg	$2.5M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	168.66	+0.214%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.29	−0.006%	$3K	$8K	10x	as long as short
Bybit MSTRUSDT	+0.0103%	8h	168.31	+0.006%	$15.1M	$39.3M	50x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.25	−0.029%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0216%	1h	168.28	−0.012%	$56.8M	$35.3M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.618%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.74	+0.260%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.30	+0.002%	$274K	$434K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0821%	1h	168.30	0.000%	$286K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0958%	4h	168.47	+0.104%	$47K	$5.5M	10x	as long as short