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 20:00 UTC−0.0202%/8h
paid, last 24h−0.065%paid, last 7 days−0.276%to open and closeno order book
Long on BybitShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MSTRUSDT166.820.0202pay 0.0202% / 8h6h 45m$15.5M$41.5M50x
ShortPhemex MSTRUSDT166.870get 0.0000% / 4h2h 45m$2.8M$42K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$42.32
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$65.32
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 4 min ago; Phemex: live order book, 4 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.030%
Avg gap 7d
+0.017%
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 Bybit live order book, 4 min ago0.90 bp8.6 bp −$914.4 bp −$14475.4 bp −$7,542doesn't fit
Sell Phemex live order book, 4 min ago14.37 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Nado MSTR-PERP−0.0034%1h$126K$243K3xas long as short
Gate MSTR_USDT0.0000%8h$4.8M$18.3M50xas long as short
Phemex MSTRUSDTshort0.0000%4h$2.8M$42K10x
RISEx MSTR/USDC+0.0017%1h$295K$467K10xas long as short
Lighter MSTR+0.0032%1h$3.6M$2.6M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$495K$2.0M10xas long as short
QFEX MSTR-USD+0.0041%1h$1.3M$9.5M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.8M25xas long as short
tradeXYZ xyz:MSTR+0.0050%1h$56.7M$32.1M10xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$405K$2.3M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$817K$4.6M10xas long as short
Paradex MSTR-USD-PERP+0.0075%8h$67—5xas long as short
Pacifica MSTR+0.0100%1h$102K$152K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h$2.6M$2.6M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$130K$1.5M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Aevo MSTR-PERP+0.0104%1h$139—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.1M10xas long as short
Variational Omni MSTR+0.0177%8h$1.3M$2.2M—as long as short
OKX MSTR-USDT-SWAP+0.0189%8h$22.5M$101.5M50xas long as short
Bybit MSTRUSDTlong+0.0202%8h$15.5M$41.5M50x
Phoenix MSTR+0.0215%1h$55K$388K10xas long as short
Binance MSTRUSDT+0.0224%8h$91.2M$570.7M50xas long as short
Aster MSTRUSDT+0.0227%8h$1.3M$6.0M50xas long as short
Injective MSTR/USDC PERP+0.0249%1h$12K$68K30xas long as short
Bitget MSTRUSDT+0.0259%8h$28.7M$111.6M25xas long as short
BloFin MSTR-USDT+0.0350%8h$1.1M$1.5M20xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0469%1h$284K$455K10xas long as short
Arcus MSTR-USD+0.0599%1h$26K$130K10xas long as short
edgeX MSTRUSDC+0.0876%4h$50K$5.0M10xas long as short