Funding you earn now, next payment 03:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h +0.039%
Price spread now: tradeXYZ against KuCoin−0.024%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$670.671% of the position
Funding, last 7 days+0.209%+$21 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now −0.024%, 7d avg −0.037%
=Together, before fees+0.249%+ Points / potential airdroptradeXYZ: Active · farm board+$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.209%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSTRUSDTM | 163.79 | 0.0100 | pay 0.0100% / 8h | 5h 46m | $2.4M | $2.7M | 20x |
| Short | tradeXYZ xyz:MSTR | 163.75 | 0.0063 | get 0.0008% / 1h | 46m 54s | $54.8M | $36.6M | 10x |
KuCoin MSTRUSDTM
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$7.8
- Price spread: −0.024% → −0.037%
- $1.21
- Slippage, 4 orders
- −$37.1
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$73.69
- Costs to cover
- 0.671%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; tradeXYZ: live order book, 3 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, 5 min ago | 2.43 bp | 28.5 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.31 bp | 9.7 bp −$10 | 14.1 bp −$141 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.1249% | 8h | 164.08 | +0.177% | $27.5M | $114.4M | 25x | as long as short |
| Gate MSTR_USDT | −0.0011% | 8h | 163.89 | +0.061% | $4.6M | $18.4M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.73 | −0.037% | $1.4M | $8.0M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 163.84 | +0.031% | $20.8M | $98.8M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.08 | +0.177% | $2.8M | $70K | 10x | as long as short |
| Variational Omni MSTR | +0.0011% | 8h | 164.49 | +0.429% | $1.2M | $2.0M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.84 | +0.031% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.75 | −0.024% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.388% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.29 | +0.305% | $26K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.91 | +0.073% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.94 | +0.092% | $382K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.93 | +0.085% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.01 | +0.134% | $880K | $4.3M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.05 | +0.159% | $1.4M | $7.8M | 10x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0063% | 1h | 163.75 | −0.024% | $54.8M | $36.6M | 10x | |
| edgeX MSTRUSDC | +0.0074% | 4h | 164.22 | +0.264% | $50K | $5.4M | 10x | as long as short |
| Binance MSTRUSDT | +0.0081% | 8h | 163.82 | +0.018% | $87.7M | $618.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.06 | +0.167% | $100K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTMlong | +0.0100% | 8h | 163.79 | long leg | $2.4M | $2.7M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.09 | +0.183% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.94 | +0.092% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.92 | +0.079% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0136% | 8h | 163.99 | +0.121% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0154% | 8h | 164.57 | +0.475% | $77K | $772K | 10x | as long as short |
| Nado MSTR-PERP | +0.0196% | 1h | 163.95 | +0.099% | $122K | $149K | 3x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | +0.183% | $1.4M | $1.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0201% | 8h | 163.97 | +0.110% | — | $1.9M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 164.06 | +0.167% | $269K | $447K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0327% | 8h | 163.92 | +0.079% | $17.0M | $40.7M | 50x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 164.28 | +0.297% | $55K | $227K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0543% | 1h | 163.97 | +0.110% | $279K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
edgeX MSTRUSDC
Binance MSTRUSDT
Pacifica MSTR
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Nado MSTR-PERP
Coinbase International MSTR-PERP-INTX
BloFin MSTR-USDT
RISEx MSTR/USDC
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL