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 16:00 UTC+0.0242%/8h
paid, last 24h+0.201%paid, last 3 days+0.080%to open and close $10k−$30
Long on BybitShort on RISEx
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MSTRUSDT166.310.0244pay 0.0244% / 8h24m 31s$15.5M$43.7M50x
ShortRISEx MSTR/USDC166.410.0486get 0.0061% / 1h24m 31s$304K$463K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$50.79
Slippage, 4 orders
−$12.62
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee RISEx: 3 bp × 2 orders
−$6
Net
$21.17
Break-even
4.1 days
Slippage from Bybit: live order book, 1 min ago; RISEx: live order book, 25 min ago.

Price risk

price view
Price gap now
+0.057%
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, 1 min ago0.60 bp9.6 bp −$1018.2 bp −$18271.4 bp −$7,140doesn't fit
Sell RISEx live order book, 25 min ago2.97 bp6.0 bp −$66.8 bp −$68doesn'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$18.9M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$36K10xas long as short
Injective MSTR/USDC PERP+0.0033%1h$12K$97K30xas long as short
Nado MSTR-PERP+0.0043%1h$128K$257K3xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.6M25xas long as short
Extended MSTR_24_5-USD+0.0048%1h$505K$2.2M10xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$407K$2.1M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$895K$4.5M10xas long as short
QFEX MSTR-USD+0.0057%1h$1.3M$9.2M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica MSTR+0.0100%1h$102K$153K10xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$132K$1.9M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Lighter MSTR+0.0104%1h$3.6M$2.9M10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.2M10xas long as short
Paradex MSTR-USD-PERP+0.0118%8h$67—5xas long as short
KuCoin MSTRUSDTM+0.0144%8h$2.6M$2.6M20xas long as short
tradeXYZ xyz:MSTR+0.0207%1h$57.0M$31.4M10xas long as short
Phoenix MSTR+0.0216%1h$54K$364K10xas long as short
Bybit MSTRUSDTlong+0.0244%8h$15.5M$43.7M50x
Variational Omni MSTR+0.0295%8h$1.3M$2.2M—as long as short
OKX MSTR-USDT-SWAP+0.0297%8h$22.1M$101.0M50xas long as short
Binance MSTRUSDT+0.0355%8h$88.4M$538.5M50xas long as short
Bitget MSTRUSDT+0.0356%8h$28.9M$110.7M25xas long as short
Aster MSTRUSDT+0.0360%8h$1.3M$5.9M50xas long as short
BloFin MSTR-USDT+0.0477%8h$1.1M$1.4M20xas long as short
RISEx MSTR/USDCshort+0.0486%1h$304K$463K10x
Deribit MSTR_USDC-PERPETUAL+0.0653%1h$283K$461K10xas long as short
Arcus MSTR-USD+0.0705%1h$26K$126K10xas long as short
edgeX MSTRUSDC+0.0756%4h$63K$4.7M10xas long as short