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−0.0112%/8h
paid, last 24h+0.039%paid, last 7 days+0.046%to open and close $10k−$44
Long on Coinbase InternationalShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MSTR-PERP-INTX167.240.0112pay 0.0014% / 1h59m 47s$1.5M$1.1M10x
ShortGate MSTR_USDT167.110get 0.0000% / 8h6h 59m$4.9M$19.3M50x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$23.52
Slippage, 4 orders
−$18.91
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$67.43
Break-even
never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Gate: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.078%
Avg gap 7d
+0.062%
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, 5 min ago3.59 bp8.6 bp −$916.5 bp −$165doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago2.09 bp12.6 bp −$1335.4 bp −$354109.3 bp −$10.9Kdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDTshort0.0000%8h$4.9M$19.3M50x
Phemex MSTRUSDT0.0000%4h$2.8M$41K10xas long as short
Lighter MSTR+0.0032%1h$3.6M$2.8M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$495K$2.1M10xas long as short
QFEX MSTR-USD+0.0041%1h$1.3M$9.4M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$405K$2.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$826K$4.6M10xas long as short
Nado MSTR-PERP+0.0079%1h$126K$247K3xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Paradex MSTR-USD-PERP+0.0084%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$131K$1.7M50xas 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-INTXlong+0.0112%1h$1.5M$1.1M10x
tradeXYZ xyz:MSTR+0.0120%1h$57.1M$32.0M10xas long as short
Variational Omni MSTR+0.0207%8h$1.3M$2.3M—as long as short
OKX MSTR-USDT-SWAP+0.0218%8h$22.6M$101.7M50xas long as short
Phoenix MSTR+0.0226%1h$56K$380K10xas long as short
edgeX MSTRUSDC+0.0240%4h$49K$5.0M10xas long as short
Binance MSTRUSDT+0.0256%8h$91.4M$566.5M50xas long as short
Aster MSTRUSDT+0.0257%8h$1.3M$6.0M50xas long as short
Bybit MSTRUSDT+0.0264%8h$15.5M$41.5M50xas long as short
RISEx MSTR/USDC+0.0277%1h$296K$467K10xas long as short
Bitget MSTRUSDT+0.0282%8h$28.8M$111.6M25xas long as short
Injective MSTR/USDC PERP+0.0312%1h$12K$93K30xas long as short
BloFin MSTR-USDT+0.0379%8h$1.1M$1.5M20xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0409%1h$284K$455K10xas long as short
Arcus MSTR-USD+0.0612%1h$26K$130K10xas long as short