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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+0.0426%/8h= +46.6% APRpaid last 24h +0.074%
Price spread now: edgeX against RISEx+0.029%7-day average +0.026% · 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−$33as in the Price arb table
costs, in and out, $10k−$330.331% of the position
Long on RISExShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.201%−$20 on $10k
Price spread, last 4 days (all we have)+0.769%+$77 · spread now +0.029%, 7d avg +0.026%
Together, before fees+0.568%+ Points / potential airdropedgeX: Active · farm board+$57 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.201%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx MSTR/USDC163.940.0231pay 0.0029% / 1h24m 38s$266K$445K10x
ShortedgeX MSTRUSDC163.980.0656get 0.0328% / 4h3h 24m$49K$5.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against RISEx. 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
$89.4
Price spread: +0.029% → +0.026%
$0.37
Slippage, 4 orders
−$18.08
Fee RISEx: 3 bp × 2 orders
−$6
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$56.69
Costs to cover
0.331%
Break-even
2.6 days
Slippage from RISEx: live order book, 29 min ago; edgeX: 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 RISEx live order book, 29 min ago2.73 bp5.7 bp −$66.6 bp −$66doesn't fitdoesn't fit
Sell edgeX live order book, 4 min ago5.79 bp10.8 bp −$1117.8 bp −$178doesn'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−0.0931%8h164.16+0.137%$28.0M$115.5M25xas long as short
Aster MSTRUSDT0.0000%8h163.91−0.013%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.99+0.034%$4.6M$19.1M50xas long as short
Phemex MSTRUSDT0.0000%4h164.01+0.046%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.87−0.040%$3.5M$1.9M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.75−0.116%$591K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.297%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h164.08+0.088%$26K$109K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.69−0.149%—$1.7M25xas long as short
OKX MSTR-USDT-SWAP+0.0047%8h163.98+0.027%$20.7M$99.0M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.85−0.052%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.92−0.009%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.84−0.058%$867K$3.9M10xas long as short
Paradex MSTR-USD-PERP+0.0063%8h163.87−0.041%$66—5xas long as short
QFEX MSTR-USD+0.0067%1h163.88−0.034%$1.4M$7.3M10xas long as short
Pacifica MSTR+0.0100%1h163.94+0.002%$100K$84K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.86−0.046%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.88−0.034%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.91−0.015%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.90−0.019%$136—10xas long as short
Variational Omni MSTR+0.0106%8h163.95+0.012%$1.2M$2.1M—as long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.88−0.034%$1.4M$1.1M10xas long as short
Binance MSTRUSDT+0.0168%8h163.93−0.003%$86.5M$616.5M50xas long as short
GRVT MSTR_USDT_Perp+0.0173%8h164.17+0.144%$75K$825K10xas long as short
RISEx MSTR/USDClong+0.0231%1h163.94long leg$266K$445K10x
tradeXYZ xyz:MSTR+0.0257%1h163.88−0.034%$54.6M$37.0M10xas long as short
Nado MSTR-PERP+0.0257%1h163.80−0.084%$121K$148K3xas long as short
BloFin MSTR-USDT+0.0289%8h164.04+0.064%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0331%8h163.95+0.009%$16.7M$41.0M50xas long as short
Phoenix MSTR+0.0340%1h164.28+0.213%$56K$226K10xas long as short
edgeX MSTRUSDCshort+0.0656%4h163.98+0.029%$49K$5.3M10x
Deribit MSTR_USDC-PERPETUAL+0.0788%1h163.94+0.003%$279K$438K10xas long as short