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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC−0.0012%/8h= −1.4% APRpaid last 24h +0.078%
Price spread now: RISEx against KuCoin+0.086%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$530.531% of the position
Long on KuCoinShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.329%+$33 on $10k
Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.086%, 7d avg +0.041%
Together, before fees+0.285%+$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. RISEx is 0.044% dearer against KuCoin than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of +0.041%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 4 days funding on this pair paid +0.329%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MSTRUSDTM163.680.0100pay 0.0100% / 8h2h 47m$2.4M$2.7M20x
ShortRISEx MSTR/USDC163.820.0088get 0.0011% / 1h47m 24s$266K$446K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
−$2.6
Price spread: +0.086% → +0.041%
$4.41
Slippage, 4 orders
−$35.14
Fee KuCoin: 6 bp × 2 orders
−$12
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$51.33
Costs to cover
0.531%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; RISEx: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 4 min ago2.14 bp28.7 bp −$29doesn't fitdoesn't fitdoesn't fit
Sell RISEx live order book, 1 min ago0.31 bp3.3 bp −$35.4 bp −$54doesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0965%8h163.91+0.141%$27.1M$117.1M25xas long as short
Aster MSTRUSDT0.0000%8h163.74+0.037%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.76+0.049%$4.6M$19.2M50xas long as short
Phemex MSTRUSDT0.0000%4h164.05+0.226%$2.8M$77K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.59−0.055%$596K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.458%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.86+0.110%$26K$109K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.49−0.116%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.69+0.006%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.83+0.092%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h163.92+0.147%$830K$3.9M10xas long as short
QFEX MSTR-USD+0.0054%1h163.73+0.031%$1.4M$7.2M10xas long as short
OKX MSTR-USDT-SWAP+0.0071%8h163.73+0.031%$20.8M$99.7M50xas long as short
RISEx MSTR/USDCshort+0.0088%1h163.82+0.086%$266K$446K10x
Pacifica MSTR+0.0100%1h163.75+0.041%$100K$83K10xas long as short
KuCoin MSTRUSDTMlong+0.0100%8h163.68long leg$2.4M$2.7M20x
ApeX Omni MSTRUSDT+0.0100%1h163.69+0.006%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.70+0.012%$4K$8K10xas long as short
Variational Omni MSTR+0.0103%8h163.88+0.120%$1.2M$2.1M—as long as short
Aevo MSTR-PERP+0.0104%1h163.70+0.012%$136—10xas long as short
Paradex MSTR-USD-PERP+0.0117%8h163.77+0.053%$66—5xas long as short
GRVT MSTR_USDT_Perp+0.0168%8h163.91+0.140%$79K$838K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.067%$1.4M$1.1M10xas long as short
Binance MSTRUSDT+0.0174%8h163.71+0.018%$85.7M$619.4M50xas long as short
Lighter MSTR+0.0216%1h163.75+0.043%$3.5M$1.9M10xas long as short
BloFin MSTR-USDT+0.0291%8h163.79+0.067%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0336%8h163.77+0.055%$16.7M$41.2M50xas long as short
tradeXYZ xyz:MSTR+0.0348%1h163.67−0.006%$54.5M$37.1M10xas long as short
Nado MSTR-PERP+0.0353%1h163.68+0.003%$121K$148K3xas long as short
Phoenix MSTR+0.0362%1h163.90+0.134%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0945%4h163.74+0.038%$49K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1094%1h163.90+0.134%$279K$438K10xas long as short