MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0159%/8h= +17.4% APRnext payment +$1.59 per $10,000 · paid last 24h +0.017%

Price spread now: OKX against KuCoin+0.169%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.169%, 7d avg +0.038%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.131% dearer against KuCoin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSTRUSDTM	165.89	0.0100	pay 0.0100% / 8h	5h 06m	$2.3M	$2.7M	20x
Short	OKX MSTR-USDT-SWAP	166.17	0.0259	get 0.0259% / 8h	5h 06m	$21.8M	$80.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.169%Rate

Funding earned: $33.44
Price spread: +0.169% → +0.038%: $13.06
Slippage, 4 orders: −$20.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $4.06
Costs to cover: 0.424%
Break-even: 6.1 days

Slippage from KuCoin: live order book, 3 min ago; OKX: 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	0.60 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.30 bp	6.7 bp −$7	11.2 bp −$112	58.3 bp −$5,826	doesn't fit

MSTR on 32 exchanges

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
Injective MSTR/USDC PERP	−0.0263%	1h	165.22	−0.404%	$7K	$28K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	166.20	+0.187%	$4.9M	$17.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.17	+0.169%	$32.3M	$103.1M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.09	+0.121%	$2.8M	$83K	10x	as long as short
Lighter MSTR	+0.0032%	1h	166.03	+0.084%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.88	−0.007%	$564K	$1.9M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.07	+0.109%	—	$1.7M	25x	as long as short
QFEX MSTR-USD	+0.0050%	1h	165.97	+0.048%	$1.3M	$5.8M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.00	+0.066%	$391K	$2.4M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	166.03	+0.084%	$44K	$3K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.65	−0.145%	$858K	$3.2M	10x	as long as short
Nado MSTR-PERP	+0.0068%	1h	165.93	+0.024%	$127K	$127K	3x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0072%	1h	165.58	−0.187%	$1.4M	$356K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0091%	8h	166.02	+0.079%	$66	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	165.94	+0.032%	$101K	$74K	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0100%	8h	165.89	long leg	$2.3M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	165.90	+0.006%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.00	+0.066%	$2K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.02	+0.080%	$138	—	10x	as long as short
Bybit MSTRUSDT	+0.0171%	8h	166.20	+0.187%	$16.6M	$37.9M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0222%	1h	166.00	+0.066%	$54.8M	$33.5M	10x	as long as short
Aster MSTRUSDT	+0.0257%	8h	166.04	+0.090%	$1.8M	$6.3M	50x	as long as short
OKX MSTR-USDT-SWAPshort	+0.0259%	8h	166.17	+0.169%	$21.8M	$80.5M	50x
Phoenix MSTR	+0.0322%	1h	165.93	+0.025%	$55K	$213K	10x	as long as short
Variational Omni MSTR	+0.0351%	8h	165.80	−0.052%	$1.2M	$1.6M	—	as long as short
GRVT MSTR_USDT_Perp	+0.0433%	8h	166.02	+0.080%	$85K	$922K	10x	as long as short
Binance MSTRUSDT	+0.0435%	8h	166.12	+0.139%	$87.1M	$519.6M	50x	as long as short
RISEx MSTR/USDC	+0.0436%	1h	166.04	+0.093%	$274K	$348K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0534%	1h	166.04	+0.090%	$282K	$184K	10x	as long as short
BloFin MSTR-USDT	+0.0567%	8h	166.06	+0.102%	$1.1M	$2.0M	20x	as long as short
edgeX MSTRUSDC	+0.0632%	4h	165.87	−0.015%	$49K	$4.6M	10x	as long as short
Arcus MSTR-USD	+0.0824%	1h	166.10	+0.127%	$26K	$63K	10x	as long as short