data as of
Settings8H · net · $10k
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Funding arb /

MSTR

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 13:00 UTC−0.0214%/8h
paid, last 24h+0.065%paid, last 7 days+0.359%to open and close $10k−$39
Long on AsterShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MSTRUSDT165.180.0556pay 0.0556% / 8h2h 35m$1.9M$3.5M50x
ShortPhoenix MSTR165.340.0342get 0.0043% / 1h35m 01s$53K$230K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$45
Slippage, 4 orders
−$23.7
Fee Aster: 4 bp × 2 orders
−$8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$83.71
Break-even
never at this rate
Slippage from Aster: live order book, 5 min ago; Phoenix: live order book, 22 min ago.

Price risk

price view
Price gap now
+0.101%
Avg gap 7d
+0.020%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 5 min ago0.91 bp5.6 bp −$634.6 bp −$346doesn't fitdoesn't fit
Sell Phoenix live order book, 22 min ago3.90 bp11.9 bp −$1225.2 bp −$252doesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$4.9M$16.7M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$26K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$495K$2.1M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$943K25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$399K$1.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$927K$4.0M10xas long as short
QFEX MSTR-USD+0.0070%1h$1.3M$8.6M10xas long as short
Pacifica MSTR+0.0100%1h$101K$177K10xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$131K$2.3M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$4K$10K10xas long as short
Aevo MSTR-PERP+0.0104%1h$137—10xas long as short
Lighter MSTR+0.0112%1h$3.5M$2.5M10xas long as short
KuCoin MSTRUSDTM+0.0148%8h$2.5M$1.3M20xas long as short
Paradex MSTR-USD-PERP+0.0150%8h$66—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0176%1h$1.5M$1.1M10xas long as short
Bybit MSTRUSDT+0.0214%8h$15.8M$32.9M50xas long as short
Nado MSTR-PERP+0.0255%1h$154K$254K3xas long as short
Phoenix MSTRshort+0.0342%1h$53K$230K10x
Variational Omni MSTR+0.0412%8h$1.4M$1.8M—as long as short
Injective MSTR/USDC PERP+0.0440%1h$13K$130K30xas long as short
tradeXYZ xyz:MSTR+0.0440%1h$58.5M$21.1M10xas long as short
OKX MSTR-USDT-SWAP+0.0455%8h$21.5M$73.4M50xas long as short
Bitget MSTRUSDT+0.0498%8h$31.9M$85.2M25xas long as short
Binance MSTRUSDT+0.0517%8h$86.0M$360.2M50xas long as short
Arcus MSTR-USD+0.0549%1h$30K$95K10xas long as short
Aster MSTRUSDTlong+0.0556%8h$1.9M$3.5M50x
BloFin MSTR-USDT+0.0672%8h$1.1M$1.2M20xas long as short
edgeX MSTRUSDC+0.0706%4h$33K$3.0M10xas long as short
RISEx MSTR/USDC+0.0870%1h$183K$256K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0902%1h$280K$480K10xas long as short