data as of
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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 00:00 UTC−0.0010%/8h
next payment, per $10,000−$0.10paid, last 24h−0.043%paid, last 7 days−0.197%to open and close $10k−$32
Long on BloFinShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MSTR-USDT165.430.0306pay 0.0306% / 8h5h 54m$1.1M$1.6M20x
ShortBybit MSTRUSDT165.620.0296get 0.0296% / 8h5h 54m$15.4M$40.3M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$2.15
Slippage, 4 orders
−$8.98
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$34.13
Break-even
never at this rate
Slippage from BloFin: live order book, 4 min ago; Bybit: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.115%
Avg gap 7d
−0.003%
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 BloFin live order book, 4 min ago1.51 bp7.6 bp −$89.9 bp −$9921.3 bp −$2,13444.2 bp −$22.1K
Sell Bybit live order book, 5 min ago0.60 bp8.2 bp −$813.7 bp −$13766.5 bp −$6,654doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
RISEx MSTR/USDC0.0000%1h$284K$464K10xas long as short
Gate MSTR_USDT0.0000%8h$4.8M$18.4M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$45K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$574K$2.1M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.8M25xas long as short
SoDEX MSTR-USD+0.0050%1h$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$775K$4.7M10xas long as short
Polymarket Perps MSTR-USD+0.0061%1h$399K$2.3M10xas long as short
QFEX MSTR-USD+0.0065%1h$1.4M$9.7M10xas long as short
Lighter MSTR+0.0096%1h$3.5M$2.6M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica MSTR+0.0100%1h$101K$153K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h$2.6M$2.6M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$4K$1.4M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Paradex MSTR-USD-PERP+0.0102%8h$66—5xas long as short
Aevo MSTR-PERP+0.0104%1h$137—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0104%1h$1.4M$1.1M10xas long as short
Variational Omni MSTR+0.0132%8h$1.2M$2.4M—as long as short
OKX MSTR-USDT-SWAP+0.0150%8h$21.9M$101.9M50xas long as short
Nado MSTR-PERP+0.0163%1h$123K$240K3xas long as short
Aster MSTRUSDT+0.0172%8h$1.3M$6.1M50xas long as short
tradeXYZ xyz:MSTR+0.0182%1h$56.0M$33.4M10xas long as short
edgeX MSTRUSDC+0.0183%4h$44K$5.2M10xas long as short
Binance MSTRUSDT+0.0186%8h$88.0M$592.5M50xas long as short
Injective MSTR/USDC PERP+0.0188%1h$12K$48K30xas long as short
Phoenix MSTR+0.0237%1h$54K$379K10xas long as short
Bitget MSTRUSDT+0.0241%8h$28.4M$112.7M25xas long as short
Bybit MSTRUSDTshort+0.0296%8h$15.4M$40.3M50x
BloFin MSTR-USDTlong+0.0306%8h$1.1M$1.6M20x
Arcus MSTR-USD+0.0553%1h$27K$119K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0779%1h$281K$488K10xas long as short