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 14:00 UTC−0.0101%/8h
next payment, per $10,000−$0.13paid, last 24h+0.028%paid, last 3 days−0.408%to open and close $10k−$55
Long on Coinbase InternationalShort on Nado
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MSTR-PERP-INTX164.860.0160pay 0.0020% / 1h37m 12s$1.5M$1.2M10x
ShortNado MSTR-PERP165.230.0059get 0.0007% / 1h37m 12s$154K$249K3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$21.16
Slippage, 4 orders
−$37.9
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$76.07
Break-even
never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Nado: live order book, 17 min ago.

Price risk

price view
Price gap now
+0.226%
Avg gap 7d
+0.043%
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 ago7.27 bp12.3 bp −$1216.8 bp −$168doesn't fitdoesn't fit
Sell Nado live order book, 17 min ago9.06 bp13.7 bp −$1458.5 bp −$585doesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective MSTR/USDC PERP−0.0440%1h$12K$103K30xas long as short
Gate MSTR_USDT0.0000%8h$5.0M$18.4M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$30K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$489K$2.2M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.3M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$418K$1.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$838K$4.3M10xas long as short
QFEX MSTR-USD+0.0057%1h$1.3M$8.9M10xas long as short
Nado MSTR-PERPshort+0.0059%1h$154K$249K3x
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica MSTR+0.0100%1h$101K$176K10xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$131K$2.4M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$14K10xas long as short
Aevo MSTR-PERP+0.0104%1h$137—10xas long as short
Paradex MSTR-USD-PERP+0.0116%8h$66—5xas long as short
KuCoin MSTRUSDTM+0.0120%8h$3.2M$2.1M20xas long as short
Lighter MSTR+0.0144%1h$3.5M$2.9M10xas long as short
Coinbase International MSTR-PERP-INTXlong+0.0160%1h$1.5M$1.2M10x
tradeXYZ xyz:MSTR+0.0160%1h$56.3M$29.5M10xas long as short
Bybit MSTRUSDT+0.0202%8h$15.8M$41.3M50xas long as short
edgeX MSTRUSDC+0.0267%4h$62K$4.1M10xas long as short
Phoenix MSTR+0.0320%1h$54K$334K10xas long as short
Variational Omni MSTR+0.0364%8h$1.3M$2.1M—as long as short
OKX MSTR-USDT-SWAP+0.0372%8h$21.7M$95.4M50xas long as short
Bitget MSTRUSDT+0.0414%8h$28.7M$105.3M25xas long as short
Binance MSTRUSDT+0.0424%8h$85.9M$472.3M50xas long as short
Aster MSTRUSDT+0.0456%8h$1.7M$4.9M50xas long as short
BloFin MSTR-USDT+0.0552%8h$1.1M$1.4M20xas long as short
RISEx MSTR/USDC+0.0566%1h$192K$391K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0596%1h$281K$450K10xas long as short
Arcus MSTR-USD+0.0991%1h$26K$123K10xas long as short