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 13:00 UTC+0.0036%/8h
paid, last 24h+0.044%paid, last 7 days−0.140%to open and close $10k−$43
Long on Coinbase InternationalShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MSTR-PERP-INTX165.030.0176pay 0.0022% / 1h31m 36s$1.5M$1.1M10x
ShortBybit MSTRUSDT164.920.0212get 0.0212% / 8h2h 31m$15.7M$33.4M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$7.58
Slippage, 4 orders
−$21.64
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$35.06
Break-even
39.4 days
Slippage from Coinbase International: live order book, 4 min ago; Bybit: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.067%
Avg gap 7d
+0.071%
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, 4 min ago7.88 bp12.9 bp −$1317.9 bp −$179doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago0.61 bp8.8 bp −$914.6 bp −$14661.6 bp −$6,160doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$5.0M$16.8M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$26K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$495K$2.1M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$943K25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$409K$1.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$924K$4.0M10xas long as short
QFEX MSTR-USD+0.0070%1h$1.3M$8.6M10xas long as short
Pacifica MSTR+0.0100%1h$101K$177K10xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$131K$2.3M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$4K$10K10xas long as short
Lighter MSTR+0.0104%1h$3.5M$2.5M10xas long as short
Aevo MSTR-PERP+0.0104%1h$137—10xas long as short
KuCoin MSTRUSDTM+0.0141%8h$2.5M$1.4M20xas long as short
Paradex MSTR-USD-PERP+0.0146%8h$66—5xas long as short
Coinbase International MSTR-PERP-INTXlong+0.0176%1h$1.5M$1.1M10x
Bybit MSTRUSDTshort+0.0212%8h$15.7M$33.4M50x
Nado MSTR-PERP+0.0250%1h$153K$254K3xas long as short
Phoenix MSTR+0.0342%1h$53K$230K10xas long as short
Variational Omni MSTR+0.0412%8h$1.4M$1.8M—as long as short
tradeXYZ xyz:MSTR+0.0420%1h$58.5M$21.2M10xas long as short
Injective MSTR/USDC PERP+0.0440%1h$13K$130K30xas long as short
OKX MSTR-USDT-SWAP+0.0450%8h$21.5M$74.7M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0477%1h$280K$493K10xas long as short
Bitget MSTRUSDT+0.0494%8h$31.9M$86.4M25xas long as short
Binance MSTRUSDT+0.0509%8h$86.0M$365.3M50xas long as short
Aster MSTRUSDT+0.0548%8h$1.9M$3.5M50xas long as short
Arcus MSTR-USD+0.0549%1h$30K$108K10xas long as short
edgeX MSTRUSDC+0.0574%4h$32K$3.1M10xas long as short
BloFin MSTR-USDT+0.0666%8h$1.1M$1.2M20xas long as short
RISEx MSTR/USDC+0.0870%1h$183K$257K10xas long as short