Funding you earn now, next payment 10:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.015%
Price spread now: Injective against KuCoin−1.419%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Injective is 1.419% cheaper against KuCoin than usual: you would sell low and buy high (spread −1.419% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$142 on $10k: about 14 days of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.037% in total) that is about 9 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSTRUSDTM | 164.95 | 0.0100 | pay 0.0100% / 8h | 6h 54m | $2.4M | $2.7M | 20x |
| Short | Injective MSTR/USDC PERP | 162.61 | 0.0440 | get 0.0055% / 1h | 54m 49s | $7K | $26K | 30x |
KuCoin MSTRUSDTM
Injective MSTR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $71.4
- Price spread: −1.419% → 0.000%
- −$141.86
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$82.48
- Costs to cover
- 0.120%
- Break-even
- 15.1 days
Slippage unknown: KuCoin: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.
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, 2 min ago | 2.11 bp | 27.6 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.0082% | 1h | 165.18 | +0.139% | $923K | $3.5M | 10x | as long as short |
| SoDEX MSTR-USD | −0.0022% | 1h | 165.09 | +0.085% | $43K | $3K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.96 | +0.006% | $4.9M | $17.8M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 164.87 | −0.048% | $31.2M | $113.1M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 165.14 | +0.115% | $2.8M | $84K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.81 | −0.086% | $512K | $1.9M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 165.22 | +0.164% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 165.00 | +0.030% | $380K | $2.5M | 10x | as long as short |
| QFEX MSTR-USD | +0.0076% | 1h | 165.06 | +0.067% | $1.3M | $6.8M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 165.13 | +0.106% | $101K | $88K | 10x | as long as short |
Ondo Perps MSTR-USD.P
SoDEX MSTR-USD
Gate MSTR_USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
QFEX MSTR-USD
Pacifica MSTRShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MSTRUSDTMlong | +0.0100% | 8h | 164.95 | long leg | $2.4M | $2.7M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 166.07 | +0.679% | $6K | $178K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 165.38 | +0.261% | $3K | $10K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 165.34 | +0.238% | $137 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0112% | 1h | 164.98 | +0.018% | $1.4M | $634K | 10x | as long as short |
| Lighter MSTR | +0.0120% | 1h | 164.73 | −0.133% | $3.5M | $1.7M | 10x | as long as short |
| Nado MSTR-PERP | +0.0136% | 1h | 165.06 | +0.068% | $126K | $140K | 3x | as long as short |
| Paradex MSTR-USD-PERP | +0.0181% | 8h | 164.97 | +0.012% | $66 | — | 5x | as long as short |
| Aster MSTRUSDT | +0.0189% | 8h | 165.10 | +0.093% | $1.8M | $8.4M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0218% | 1h | 164.83 | −0.073% | $54.5M | $35.9M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0274% | 8h | 164.90 | −0.030% | $21.4M | $91.6M | 50x | as long as short |
| Variational Omni MSTR | +0.0298% | 8h | 165.92 | +0.590% | $1.2M | $1.8M | — | as long as short |
| Binance MSTRUSDT | +0.0374% | 8h | 164.88 | −0.042% | $86.0M | $589.0M | 50x | as long as short |
| Injective MSTR/USDC PERPshort | +0.0440% | 1h | 162.61 | −1.419% | $7K | $26K | 30x | |
| Phoenix MSTR | +0.0460% | 1h | 166.22 | +0.770% | $56K | $217K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0477% | 1h | 165.10 | +0.091% | $281K | $276K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0491% | 8h | 164.91 | −0.024% | $16.9M | $40.4M | 50x | as long as short |
| BloFin MSTR-USDT | +0.0494% | 8h | 165.03 | +0.048% | $1.1M | $2.1M | 20x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0590% | 8h | 166.34 | +0.843% | $82K | $854K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0598% | 1h | 165.26 | +0.188% | $269K | $382K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0686% | 4h | 166.14 | +0.723% | $49K | $5.4M | 10x | as long as short |
| Arcus MSTR-USD | +0.0942% | 1h | 165.13 | +0.109% | $26K | $102K | 10x | as long as short |
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Lighter MSTR
Nado MSTR-PERP
Paradex MSTR-USD-PERP
Aster MSTRUSDT
tradeXYZ xyz:MSTR
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Binance MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
Bybit MSTRUSDT
BloFin MSTR-USDT
GRVT MSTR_USDT_Perp
RISEx MSTR/USDC
edgeX MSTRUSDC
Arcus MSTR-USD