Funding you earn now, next payment 10:00 UTC+0.0662%/8h= +72.5% APRpaid last 24h +0.177%
Price spread now: edgeX against Coinbase International+0.304%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$410.406% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)−0.228%−$23 · spread now +0.304%, 7d avg +0.111%
=Together, before fees−0.280%+ Points / potential airdropedgeX: Active · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and edgeX is 0.192% dearer against Coinbase International than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.111%. Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.052% in total (about -2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MSTR-PERP-INTX | 165.78 | 0.0072 | pay 0.0009% / 1h | 47m 00s | $1.4M | $364K | 10x |
| Short | edgeX MSTRUSDC | 166.28 | 0.0734 | get 0.0367% / 4h | 1h 47m | $48K | $4.9M | 10x |
Coinbase International MSTR-PERP-INTX
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $139.08
- Price spread: +0.304% → +0.111%
- $19.21
- Slippage, 4 orders
- −$21.64
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $117.66
- Costs to cover
- 0.406%
- Break-even
- 1.1 days
Slippage from Coinbase International: live order book, 5 min ago; edgeX: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International live order book, 5 min ago | 4.21 bp | 10.0 bp −$10 | 16.6 bp −$166 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 5 min ago | 5.72 bp | 10.8 bp −$11 | 17.2 bp −$172 | doesn't fit | doesn't fit |
MSTR on 32 exchanges
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −0.0263% | 1h | 165.22 | −0.338% | $7K | $28K | 30x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 166.24 | +0.277% | $4.9M | $17.6M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 166.27 | +0.296% | $32.0M | $105.2M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 166.16 | +0.229% | $2.8M | $86K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 166.12 | +0.205% | $3.5M | $1.7M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 166.07 | +0.176% | $509K | $1.8M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 166.34 | +0.338% | — | $1.7M | 25x | as long as short |
| QFEX MSTR-USD | +0.0050% | 1h | 166.17 | +0.235% | $1.3M | $6.1M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 166.10 | +0.193% | $383K | $2.3M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 166.15 | +0.223% | $44K | $3K | 10x | as long as short |
Injective MSTR/USDC PERP
Gate MSTR_USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Vest MSTR-USD-PERP
QFEX MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 165.96 | +0.109% | $875K | $3.3M | 10x | as long as short |
| Nado MSTR-PERP | +0.0059% | 1h | 166.12 | +0.204% | $127K | $127K | 3x | as long as short |
| Coinbase International MSTR-PERP-INTXlong | +0.0072% | 1h | 165.78 | long leg | $1.4M | $364K | 10x | |
| Pacifica MSTR | +0.0100% | 1h | 166.25 | +0.281% | $102K | $74K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 166.17 | +0.235% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 166.16 | +0.229% | $6K | $151K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 166.22 | +0.265% | $3K | $10K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 166.22 | +0.265% | $138 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0118% | 8h | 166.20 | +0.254% | $66 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0208% | 1h | 166.19 | +0.247% | $54.9M | $34.4M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0211% | 8h | 166.26 | +0.290% | $17.1M | $37.9M | 50x | as long as short |
| Aster MSTRUSDT | +0.0280% | 8h | 166.19 | +0.247% | $1.8M | $7.0M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0292% | 1h | 166.18 | +0.241% | $283K | $209K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0296% | 8h | 166.24 | +0.277% | $21.6M | $83.4M | 50x | as long as short |
| Phoenix MSTR | +0.0322% | 1h | 166.31 | +0.321% | $56K | $213K | 10x | as long as short |
| Variational Omni MSTR | +0.0364% | 8h | 166.38 | +0.363% | $1.2M | $1.7M | — | as long as short |
| RISEx MSTR/USDC | +0.0436% | 1h | 166.23 | +0.271% | $274K | $350K | 10x | as long as short |
| Binance MSTRUSDT | +0.0466% | 8h | 166.20 | +0.256% | $87.2M | $535.0M | 50x | as long as short |
| BloFin MSTR-USDT | +0.0601% | 8h | 166.14 | +0.217% | $1.1M | $2.0M | 20x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0635% | 8h | 166.33 | +0.332% | $79K | $853K | 10x | as long as short |
| edgeX MSTRUSDCshort | +0.0734% | 4h | 166.28 | +0.304% | $48K | $4.9M | 10x | |
| Arcus MSTR-USD | +0.0824% | 1h | 166.25 | +0.284% | $26K | $71K | 10x | as long as short |
Ondo Perps MSTR-USD.P
Nado MSTR-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
Bybit MSTRUSDT
Aster MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
OKX MSTR-USDT-SWAP
Phoenix MSTR
Variational Omni MSTR
RISEx MSTR/USDC
Binance MSTRUSDT
BloFin MSTR-USDT
GRVT MSTR_USDT_Perp
Arcus MSTR-USD