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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 08:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h −0.082%
Price spread now: KuCoin against Arcus−0.263%7-day average −0.035% · 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−$91as in the Price arb table
costs, in and out, $10k−$680.682% of the position
Long on ArcusShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.123%−$12 on $10k
Price spread, last 4 days (all we have)+0.291%+$29 · spread now −0.263%, 7d avg −0.035%
Together, before fees+0.169%+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.228% cheaper against Arcus than usual: you would sell low and buy high (spread −0.263% now, against its 7-day average of −0.035%). If the spread goes back, that is −$23 on $10k: about 13 days of funding at the current rate (+$2 a day). Mind the row above: over the last 4 days funding on this pair cost −0.123%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus MSTR-USD163.560.0040pay 0.0005% / 1h34m 39s$26K$113K10x
ShortKuCoin MSTRUSDTM163.130.0100get 0.0100% / 8h34m 39s$2.4M$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Arcus. 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
$12.54
Price spread: −0.263% → −0.035%
−$22.79
Slippage, 4 orders
−$51.7
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$78.45
Costs to cover
0.682%
Break-even
50.8 days
Slippage from Arcus: live order book, 3 min ago; KuCoin: live order book, 2 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 Arcus live order book, 3 min ago8.25 bp11.6 bp −$1243.8 bp −$438doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago1.53 bp20.7 bp −$21doesn't fitdoesn'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−0.0384%8h163.42−0.086%$29.4M$119.0M25xas long as short
Gate MSTR_USDT0.0000%8h163.26−0.183%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.30−0.159%$2.7M$82K10xas long as short
edgeX MSTRUSDC+0.0005%4h163.47−0.052%$46K$5.4M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.05−0.312%$502K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.534%$8K$26K30xas long as short
Arcus MSTR-USDlong+0.0040%1h163.56long leg$26K$113K10x
Vest MSTR-USD-PERP+0.0046%1h163.18−0.232%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.18−0.232%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.20−0.220%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h163.03−0.324%$864K$3.7M10xas long as short
QFEX MSTR-USD+0.0067%1h163.12−0.269%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0080%8h163.20−0.220%$1.8M$8.7M50xas long as short
Lighter MSTR+0.0088%1h163.14−0.257%$3.5M$2.0M10xas long as short
Pacifica MSTR+0.0100%1h163.18−0.232%$100K$89K10xas long as short
KuCoin MSTRUSDTMshort+0.0100%8h163.13−0.263%$2.4M$2.7M20x
ApeX Omni MSTRUSDT+0.0100%1h163.31−0.153%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.19−0.226%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.08−0.293%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−1.247%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0166%8h163.09−0.288%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0201%8h163.27−0.177%$20.8M$99.9M50xas long as short
Variational Omni MSTR+0.0203%8h163.25−0.188%$1.2M$2.0M—as long as short
Binance MSTRUSDT+0.0274%8h163.23−0.205%$84.1M$621.3M50xas long as short
Nado MSTR-PERP+0.0280%1h163.20−0.223%$125K$165K3xas long as short
GRVT MSTR_USDT_Perp+0.0282%8h163.75+0.115%$85K$849K10xas long as short
Phoenix MSTR+0.0357%1h163.61+0.028%$56K$223K10xas long as short
BloFin MSTR-USDT+0.0393%8h163.23−0.202%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0413%8h163.24−0.196%$17.1M$41.7M50xas long as short
RISEx MSTR/USDC+0.0493%1h163.29−0.166%$265K$417K10xas long as short
tradeXYZ xyz:MSTR+0.0509%1h163.21−0.214%$53.9M$37.6M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0793%1h163.19−0.226%$278K$437K10xas long as short