Settings8H · net · $10k
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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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Funding you earn now, next payment 05:00 UTC+0.0114%/8h= +12.5% APRnext payment +$0.14 per $10,000 · paid last 24h +0.007%
Price spread now: Coinbase International against QFEX−0.049%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Long on QFEXShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.151%+$15 on $10k
Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.049%, 7d avg −0.074%
Together, before fees+0.185%+$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.025% dearer against QFEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.074%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSTR-USD163.650.0054pay 0.0007% / 1h54m 45s$1.4M$7.2M10x
ShortCoinbase International MSTR-PERP-INTX163.570.0168get 0.0021% / 1h54m 45s$1.4M$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against QFEX. 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
$24.04
Price spread: −0.049% → −0.074%
$2.49
Slippage, 4 orders
−$12.3
Fee QFEX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$5.77
Costs to cover
0.323%
Break-even
8.7 days
Slippage from QFEX: live order book, 4 min ago; Coinbase International: live order book, 4 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 QFEX live order book, 4 min ago1.53 bp6.5 bp −$79.0 bp −$90doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago4.28 bp9.3 bp −$914.4 bp −$144doesn'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−0.0986%8h163.79+0.086%$27.0M$116.9M25xas long as short
Aster MSTRUSDT0.0000%8h163.58−0.043%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.650.000%$4.6M$19.1M50xas long as short
Phemex MSTRUSDT0.0000%4h164.00+0.214%$2.8M$77K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.43−0.134%$599K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.477%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.75+0.061%$26K$109K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.33−0.196%—$1.7M25xas long as short
Lighter MSTR+0.0048%1h163.51−0.086%$3.5M$1.9M10xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.56−0.055%$379K$2.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0050%1h163.64−0.006%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.650.000%$817K$3.9M10xas long as short
OKX MSTR-USDT-SWAP+0.0051%8h163.64−0.006%$20.7M$99.1M50xas long as short
QFEX MSTR-USDlong+0.0054%1h163.65long leg$1.4M$7.2M10x
RISEx MSTR/USDC+0.0088%1h163.63−0.012%$265K$446K10xas long as short
Paradex MSTR-USD-PERP+0.0088%8h163.56−0.055%$65—5xas long as short
Variational Omni MSTR+0.0094%8h163.78+0.080%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.60−0.032%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.47−0.110%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.61−0.024%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.58−0.043%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.58−0.043%$136—10xas long as short
GRVT MSTR_USDT_Perp+0.0153%8h163.82+0.104%$83K$824K10xas long as short
Binance MSTRUSDT+0.0160%8h163.63−0.015%$85.8M$619.4M50xas long as short
Coinbase International MSTR-PERP-INTXshort+0.0168%1h163.57−0.049%$1.4M$1.1M10x
Nado MSTR-PERP+0.0277%1h163.41−0.146%$121K$148K3xas long as short
BloFin MSTR-USDT+0.0280%8h163.68+0.018%$1.0M$2.1M20xas long as short
tradeXYZ xyz:MSTR+0.0299%1h163.57−0.049%$54.5M$37.1M10xas long as short
Bybit MSTRUSDT+0.0321%8h163.67+0.012%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h163.63−0.015%$56K$226K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0668%1h163.58−0.043%$278K$438K10xas long as short
edgeX MSTRUSDC+0.0842%4h163.64−0.007%$48K$5.4M10xas long as short