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 15:00 UTC+0.0056%/8h
next payment, per $10,000+$0.07paid, last 24h+0.033%paid, last 7 days−0.153%to open and close $10k−$32
Long on Coinbase InternationalShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MSTR-PERP-INTX166.860.0112pay 0.0014% / 1h35m 09s$1.5M$1.2M10x
ShortLighter MSTR166.810.0168get 0.0021% / 1h35m 09s$3.6M$2.9M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$11.76
Slippage, 4 orders
−$22.39
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$20.63
Break-even
19.3 days
Slippage from Coinbase International: live order book, 5 min ago; Lighter: live order book, 9 min ago.

Price risk

price view
Price gap now
−0.030%
Avg gap 7d
+0.018%
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 ago6.90 bp11.9 bp −$1217.7 bp −$177doesn't fitdoesn't fit
Sell Lighter live order book, 9 min ago1.20 bp2.6 bp −$37.4 bp −$7433.1 bp −$3,306doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$4.9M$18.7M50xas 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
Vest MSTR-USD-PERP+0.0046%1h—$1.6M25xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$912K$4.6M10xas long as short
QFEX MSTR-USD+0.0057%1h$1.3M$9.2M10xas long as short
Nado MSTR-PERP+0.0060%1h$128K$260K3xas long as short
Polymarket Perps MSTR-USD+0.0065%1h$408K$2.1M10xas long as short
Pacifica MSTR+0.0100%1h$102K$164K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni MSTRUSDT+0.0100%1h$132K$2.0M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$13K10xas long as short
Extended MSTR_24_5-USD+0.0104%1h$508K$2.2M10xas long as short
Aevo MSTR-PERP+0.0104%1h$139—10xas long as short
Coinbase International MSTR-PERP-INTXlong+0.0112%1h$1.5M$1.2M10x
Paradex MSTR-USD-PERP+0.0131%8h$67—5xas long as short
Lighter MSTRshort+0.0168%1h$3.6M$2.9M10x
KuCoin MSTRUSDTM+0.0168%8h$2.6M$2.6M20xas long as short
Phoenix MSTR+0.0216%1h$56K$364K10xas long as short
tradeXYZ xyz:MSTR+0.0238%1h$57.1M$31.5M10xas long as short
Bybit MSTRUSDT+0.0245%8h$15.6M$43.4M50xas long as short
Variational Omni MSTR+0.0312%8h$1.3M$2.2M—as long as short
OKX MSTR-USDT-SWAP+0.0319%8h$22.2M$100.7M50xas long as short
Bitget MSTRUSDT+0.0373%8h$29.1M$110.2M25xas long as short
Binance MSTRUSDT+0.0377%8h$89.3M$532.3M50xas long as short
Aster MSTRUSDT+0.0389%8h$1.3M$5.9M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0470%1h$284K$456K10xas long as short
RISEx MSTR/USDC+0.0486%1h$305K$460K10xas long as short
BloFin MSTR-USDT+0.0497%8h$1.1M$1.4M20xas long as short
Arcus MSTR-USD+0.0705%1h$26K$126K10xas long as short
edgeX MSTRUSDC+0.0895%4h$62K$4.6M10xas long as short