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 17:00 UTC+0.0082%/8h
paid, last 24h+0.018%paid, last 3 days−0.312%to open and close $10k−$35
Long on Coinbase InternationalShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MSTR-PERP-INTX165.300.0112pay 0.0014% / 1h7m 10s$1.4M$1.1M10x
ShortBinance MSTRUSDT165.590.0194get 0.0194% / 8h6h 07m$88.1M$590.2M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$17.32
Slippage, 4 orders
−$14.69
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$17.38
Break-even
14.0 days
Slippage from Coinbase International: live order book, 3 min ago; Binance: live order book, 8 min ago.

Price risk

price view
Price gap now
+0.174%
Avg gap 7d
+0.179%
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 Coinbase International live order book, 3 min ago6.34 bp11.3 bp −$1116.8 bp −$168doesn't fitdoesn't fit
Sell Binance live order book, 8 min ago0.30 bp5.9 bp −$68.6 bp −$8623.5 bp −$2,34867.8 bp −$33.9K

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$4.8M$18.9M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$44K10xas long as short
RISEx MSTR/USDC+0.0017%1h$285K$465K10xas long as short
Lighter MSTR+0.0032%1h$3.5M$2.6M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$574K$2.1M10xas long as short
QFEX MSTR-USD+0.0041%1h$1.4M$9.6M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.8M25xas long as short
Nado MSTR-PERP+0.0046%1h$123K$242K3xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$401K$2.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$43K$3K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h$778K$4.7M10xas long as short
Paradex MSTR-USD-PERP+0.0096%8h$66—5xas long as short
Pacifica MSTR+0.0100%1h$101K$153K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h$2.5M$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
Aevo MSTR-PERP+0.0104%1h$137—10xas long as short
Coinbase International MSTR-PERP-INTXlong+0.0112%1h$1.4M$1.1M10x
tradeXYZ xyz:MSTR+0.0122%1h$56.0M$32.9M10xas long as short
Variational Omni MSTR+0.0133%8h$1.2M$2.3M—as long as short
OKX MSTR-USDT-SWAP+0.0158%8h$22.2M$101.8M50xas long as short
Aster MSTRUSDT+0.0184%8h$1.3M$6.1M50xas long as short
Binance MSTRUSDTshort+0.0194%8h$88.1M$590.2M50x
Phoenix MSTR+0.0215%1h$55K$388K10xas long as short
Bitget MSTRUSDT+0.0240%8h$28.4M$112.7M25xas long as short
Injective MSTR/USDC PERP+0.0249%1h$12K$68K30xas long as short
Bybit MSTRUSDT+0.0249%8h$15.4M$41.9M50xas long as short
BloFin MSTR-USDT+0.0314%8h$1.1M$1.6M20xas long as short
Arcus MSTR-USD+0.0599%1h$27K$119K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0717%1h$282K$487K10xas long as short
edgeX MSTRUSDC+0.0734%4h$50K$5.1M10xas long as short