Funding you earn now, next payment 06:00 UTC+0.0298%/8h= +32.6% APRnext payment +$0.37 per $10,000 · paid last 24h +0.048%
Price spread now: tradeXYZ against QFEX−0.055%7-day average −0.023% · 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−$38as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 4 days (all we have)+0.145%+$14 on $10k
+Price spread, last 7 days+0.056%+$6 · spread now −0.055%, 7d avg −0.023%
=Together, before fees+0.201%+ Points / potential airdroptradeXYZ: Active · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.032% cheaper against QFEX than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.023%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day). At the pace of the last 4 days (+0.145% in total) that is about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MSTR-USD | 163.59 | 0.0054 | pay 0.0007% / 1h | 45m 57s | $1.4M | $7.2M | 10x |
| Short | tradeXYZ xyz:MSTR | 163.50 | 0.0351 | get 0.0044% / 1h | 45m 57s | $54.4M | $37.1M | 10x |
QFEX MSTR-USD
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against QFEX. 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
- $62.56
- Price spread: −0.055% → −0.023%
- −$3.24
- Slippage, 4 orders
- −$6.66
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $24.66
- Costs to cover
- 0.347%
- Break-even
- 4.2 days
Slippage from QFEX: live order book, 8 min ago; tradeXYZ: live order book, 4 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 QFEX live order book, 8 min ago | 1.53 bp | 6.5 bp −$7 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 1.22 bp | 11.0 bp −$11 | 13.3 bp −$133 | 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 | −0.0963% | 8h | 163.68 | +0.055% | $27.0M | $117.1M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.42 | −0.103% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.60 | +0.006% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.86 | +0.165% | $2.8M | $77K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.26 | −0.202% | $596K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.515% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.83 | +0.147% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.32 | −0.165% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.47 | −0.073% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.50 | −0.055% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.92 | +0.202% | $829K | $3.9M | 10x | as long as short |
| QFEX MSTR-USDlong | +0.0054% | 1h | 163.59 | long leg | $1.4M | $7.2M | 10x | |
| OKX MSTR-USDT-SWAP | +0.0074% | 8h | 163.46 | −0.079% | $20.8M | $99.7M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.58 | −0.006% | $265K | $446K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.59 | −0.003% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.41 | −0.110% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.69 | +0.061% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.49 | −0.061% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.48 | −0.065% | $136 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0108% | 8h | 163.54 | −0.033% | $1.2M | $2.1M | — | as long as short |
| Paradex MSTR-USD-PERP | +0.0117% | 8h | 163.52 | −0.044% | $65 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0168% | 8h | 163.91 | +0.195% | $79K | $838K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | −0.012% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0175% | 8h | 163.46 | −0.081% | $85.6M | $619.7M | 50x | as long as short |
| Lighter MSTR | +0.0208% | 1h | 163.40 | −0.116% | $3.5M | $1.9M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0294% | 8h | 163.80 | +0.128% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0338% | 8h | 163.51 | −0.049% | $16.7M | $41.2M | 50x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0351% | 1h | 163.50 | −0.055% | $54.4M | $37.1M | 10x | |
| Nado MSTR-PERP | +0.0352% | 1h | 163.37 | −0.132% | $121K | $148K | 3x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.90 | +0.189% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0914% | 1h | 163.46 | −0.079% | $278K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0945% | 4h | 163.74 | +0.093% | $49K | $5.4M | 10x | as long as short |
Ondo Perps MSTR-USD.P
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Variational Omni MSTR
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
Lighter MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Nado MSTR-PERP
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC