Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.038%

Price spread now: KuCoin against tradeXYZ+0.073%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$720.720% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$20 on $10k

Price spread, last 7 days−0.098%−$10 · spread now +0.073%, 7d avg +0.036%

Together, before fees−0.302%+ Points / potential airdroptradeXYZ: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.036% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.036%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	165.17	0.0213	pay 0.0027% / 1h	56m 30s	$55.6M	$36.1M	10x
Short	KuCoin MSTRUSDTM	165.29	0.0100	get 0.0100% / 8h	6h 56m	$2.5M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. 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

Position, each leg$Hold fordaysFee tradeXYZbpFee KuCoinbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$23.77
Price spread: +0.073% → +0.036%: $3.62
Slippage, 4 orders: −$41.98
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$92.13
Costs to cover: 0.720%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; KuCoin: live order book, 5 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 tradeXYZ live order book, 3 min ago	0.30 bp	9.3 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.81 bp	19.6 bp −$20	doesn't fit	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
Gate MSTR_USDT	−0.0275%	8h	165.27	+0.061%	$4.6M	$18.6M	50x	as long as short
Bitget MSTRUSDT	−0.0063%	8h	165.32	+0.091%	$27.1M	$114.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	165.38	+0.128%	$1.2M	$6.1M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	165.21	+0.024%	$87.1M	$618.7M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	165.24	+0.042%	$21.1M	$100.0M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	165.28	+0.068%	$271K	$436K	10x	as long as short
Variational Omni MSTR	0.0000%	8h	166.01	+0.506%	$1.2M	$2.0M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	166.23	+0.642%	$84K	$812K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.00	+0.503%	$2.8M	$67K	10x	as long as short
BloFin MSTR-USDT	+0.0016%	8h	165.40	+0.139%	$1.0M	$1.9M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USD	+0.0032%	1h	165.09	−0.051%	$570K	$1.9M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.86	+0.418%	$27K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	165.11	−0.036%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.18	+0.006%	$388K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.44	+0.163%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.12	−0.030%	$773K	$4.7M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	165.22	+0.030%	$1.4M	$8.5M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.31	+0.085%	$102K	$85K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	165.29	+0.073%	$2.5M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	166.10	+0.563%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.48	+0.188%	$3K	$7K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.42	+0.151%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0115%	8h	165.20	+0.019%	$66	—	5x	as long as short
Lighter MSTR	+0.0136%	1h	165.22	+0.030%	$3.5M	$1.9M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	165.71	+0.327%	$1.4M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTRlong	+0.0213%	1h	165.17	long leg	$55.6M	$36.1M	10x
Phoenix MSTR	+0.0259%	1h	166.44	+0.771%	$56K	$219K	10x	as long as short
Bybit MSTRUSDT	+0.0316%	8h	165.32	+0.091%	$17.2M	$40.9M	50x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.525%	$8K	$26K	30x	as long as short
Nado MSTR-PERP	+0.0357%	1h	165.10	−0.043%	$134K	$129K	3x	as long as short
edgeX MSTRUSDC	+0.0459%	4h	166.09	+0.558%	$43K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0839%	1h	165.42	+0.151%	$281K	$438K	10x	as long as short