MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.079%

Price spread now: QFEX against tradeXYZ+0.018%7-day average +0.022% · 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−$34as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.134%−$13 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.018%, 7d avg +0.022%

Together, before fees−0.152%+ Points / potential airdroptradeXYZ: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	169.32	0.0080	pay 0.0010% / 1h	24m 04s	$57.1M	$37.7M	10x
Short	QFEX MSTR-USD	169.35	0.0042	get 0.0005% / 1h	24m 04s	$1.5M	$10.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$7.88
Price spread: +0.018% → +0.022%: −$0.38
Slippage, 4 orders: −$5.18
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$41.45
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; QFEX: 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, 6 min ago	0.59 bp	9.6 bp −$10	12.2 bp −$122	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.78 bp	6.8 bp −$7	6.8 bp −$68	12.9 bp −$1,285	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
Nado MSTR-PERP	−0.0103%	1h	169.20	−0.070%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.18	−0.083%	$1.2M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.40	+0.048%	$88.5M	$631.5M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.42	+0.059%	$22.1M	$107.2M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.38	+0.035%	$276K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.31	−0.006%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	168.72	−0.352%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.84	−0.285%	$83K	$935K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.39	+0.041%	$2.9M	$62K	10x	as long as short
BloFin MSTR-USDT	+0.0018%	8h	169.34	+0.012%	$1.1M	$1.8M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	+0.0029%	8h	169.37	+0.030%	$28.9M	$119.9M	25x	as long as short
Lighter MSTR	+0.0032%	1h	169.29	−0.018%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.21	−0.063%	$585K	$1.8M	10x	as long as short
QFEX MSTR-USDshort	+0.0042%	1h	169.35	+0.018%	$1.5M	$10.2M	10x
Vest MSTR-USD-PERP	+0.0046%	1h	169.30	−0.012%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.28	−0.024%	$414K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.33	+0.006%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.95	−0.219%	$744K	$5.2M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.66	−0.390%	$1.5M	$1.2M	10x	as long as short
Bybit MSTRUSDT	+0.0058%	8h	169.43	+0.065%	$15.2M	$41.0M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0075%	8h	169.29	−0.017%	$68	—	5x	as long as short
tradeXYZ xyz:MSTRlong	+0.0080%	1h	169.32	long leg	$57.1M	$37.7M	10x
Pacifica MSTR	+0.0100%	1h	169.33	+0.006%	$104K	$114K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.16	−0.094%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.73	−0.348%	$4K	$552K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.22	−0.059%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.20	−0.069%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	168.76	−0.330%	$56K	$394K	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.29	−0.018%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0351%	4h	168.76	−0.333%	$47K	$5.4M	10x	as long as short
Arcus MSTR-USD	+0.0457%	1h	169.39	+0.041%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1050%	1h	169.42	+0.059%	$288K	$439K	10x	as long as short