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Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
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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.

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 07:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.010%
Price spread now: SoDEX against KuCoin+0.061%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.061% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MSTRUSDTM163.590.0100pay 0.0100% / 8h1h 21m$2.4M$2.7M20x
ShortSoDEX MSTR-USD163.690.0102get 0.0013% / 1h21m 02s$43K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$0.45
Price spread: +0.061% → 0.000%
$6.11
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$13.43
Costs to cover
0.200%
Break-even
213.9 days
Slippage unknown: KuCoin: live order book, 6 min ago; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 6 min ago2.76 bp31.1 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell SoDEX no order-book sample—————
SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0858%8h163.91+0.196%$29.0M$118.8M25xas long as short
Gate MSTR_USDT0.0000%8h163.83+0.147%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.83+0.147%$2.8M$79K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.59+0.003%$511K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.515%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.47−0.073%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.61+0.012%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.69+0.061%$379K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.48−0.067%$840K$3.9M10xas long as short
Aster MSTRUSDT+0.0050%8h163.62+0.021%$1.8M$8.7M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.78+0.116%$1.3M$7.2M10xas long as short
Pacifica MSTR+0.0100%1h163.73+0.084%$100K$83K10xas long as short
KuCoin MSTRUSDTMlong+0.0100%8h163.59long leg$2.4M$2.7M20x
ApeX Omni MSTRUSDT+0.0100%1h163.29−0.183%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.80+0.128%$2K$13K10xas long as short
SoDEX MSTR-USDshort+0.0102%1h163.69+0.061%$43K$3K10x
Aevo MSTR-PERP+0.0104%1h163.78+0.115%$136—10xas long as short
Lighter MSTR+0.0144%1h163.60+0.006%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.265%$1.4M$1.1M10xas long as short
Variational Omni MSTR+0.0158%8h163.34−0.155%$1.2M$2.1M—as long as short
OKX MSTR-USDT-SWAP+0.0165%8h163.81+0.134%$20.8M$100.7M50xas long as short
Paradex MSTR-USD-PERP+0.0169%8h163.63+0.026%$65—5xas long as short
Binance MSTRUSDT+0.0245%8h163.77+0.110%$84.0M$627.4M50xas long as short
tradeXYZ xyz:MSTR+0.0259%1h163.67+0.049%$54.2M$37.2M10xas long as short
GRVT MSTR_USDT_Perp+0.0259%8h163.42−0.104%$83K$878K10xas long as short
Phoenix MSTR+0.0328%1h163.43−0.098%$55K$223K10xas long as short
Nado MSTR-PERP+0.0361%1h163.49−0.062%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0365%8h163.80+0.128%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.78+0.116%$265K$428K10xas long as short
Bybit MSTRUSDT+0.0389%8h163.82+0.141%$16.9M$41.8M50xas long as short
edgeX MSTRUSDC+0.0831%4h163.42−0.103%$46K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1463%1h163.75+0.098%$278K$437K10xas long as short