Settings8H · net · $10k
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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0177%/8h= −19.3% APRnext payment −$1.77 per $10,000 · paid last 24h −0.052%
Price spread now: KuCoin against BloFin−0.079%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$670.675% of the position
Long on BloFinShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.321%−$32 on $10k
Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.079%, 7d avg −0.032%
Together, before fees−0.205%−$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.047% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.032%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MSTR-USDT163.880.0277pay 0.0277% / 8h3h 05m$1.0M$2.1M20x
ShortKuCoin MSTRUSDTM163.750.0100get 0.0100% / 8h3h 05m$2.4M$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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
−$37.08
Price spread: −0.079% → −0.032%
−$4.7
Slippage, 4 orders
−$43.5
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$109.28
Costs to cover
0.675%
Break-even
never at this rate
Slippage from BloFin: live order book, 3 min ago; KuCoin: live order book, 7 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 BloFin live order book, 3 min ago0.92 bp6.9 bp −$78.8 bp −$8818.7 bp −$1,866doesn't fit
Sell KuCoin live order book, 7 min ago2.44 bp17.5 bp −$18doesn'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−0.0974%8h164.00+0.073%$27.1M$116.6M25xas long as short
Aster MSTRUSDT0.0000%8h163.85−0.020%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.94+0.037%$4.6M$19.3M50xas long as short
Phemex MSTRUSDT0.0000%4h163.94+0.037%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.87−0.006%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.67−0.128%$599K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.332%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.87−0.006%$26K$110K10xas long as short
OKX MSTR-USDT-SWAP+0.0041%8h163.90+0.012%$20.7M$99.0M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.60−0.171%—$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.80−0.049%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.82−0.037%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.77−0.067%$817K$4.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.78−0.061%$1.4M$7.3M10xas long as short
Paradex MSTR-USD-PERP+0.0074%8h163.83−0.032%$66—5xas long as short
Variational Omni MSTR+0.0091%8h163.89+0.004%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.83−0.031%$100K$83K10xas long as short
KuCoin MSTRUSDTMshort+0.0100%8h163.75−0.079%$2.4M$2.7M20x
ApeX Omni MSTRUSDT+0.0100%1h163.67−0.128%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.86−0.012%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.87−0.009%$136—10xas long as short
GRVT MSTR_USDT_Perp+0.0148%8h163.85−0.016%$83K$837K10xas long as short
Binance MSTRUSDT+0.0157%8h163.84−0.024%$86.0M$619.1M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.189%$1.4M$1.1M10xas long as short
RISEx MSTR/USDC+0.0231%1h163.83−0.028%$266K$445K10xas long as short
Nado MSTR-PERP+0.0240%1h163.72−0.097%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0256%1h163.85−0.018%$54.6M$37.1M10xas long as short
BloFin MSTR-USDTlong+0.0277%8h163.88long leg$1.0M$2.1M20x
Bybit MSTRUSDT+0.0316%8h163.92+0.024%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h163.78−0.061%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0686%4h163.69−0.115%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0788%1h163.93+0.031%$279K$438K10xas long as short