data as of
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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+0.0236%/8h
paid, last 24h+0.001%paid, last 3 days−0.355%to open and closeno order book
Long on Coinbase InternationalShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MSTR-PERP-INTX165.030.0176pay 0.0022% / 1h34m 25s$1.5M$1.1M10x
ShortVariational Omni MSTR165.330.0412get 0.0412% / 8h2h 34m$1.4M$1.8M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$49.6
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$39.6
Break-even
1.4 days
Slippage unknown: Coinbase International: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.182%
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, 1 min ago7.88 bp12.9 bp −$1317.9 bp −$179doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 1 min ago3.18 bpdoesn't fit7.5 bp −$75doesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$5.0M$16.7M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$26K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$496K$2.1M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$943K25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$413K$1.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$927K$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
Aevo MSTR-PERP+0.0104%1h$137—10xas long as short
Lighter MSTR+0.0112%1h$3.5M$2.5M10xas long as short
KuCoin MSTRUSDTM+0.0145%8h$2.5M$1.3M20xas long as short
Paradex MSTR-USD-PERP+0.0149%8h$66—5xas long as short
Coinbase International MSTR-PERP-INTXlong+0.0176%1h$1.5M$1.1M10x
Bybit MSTRUSDT+0.0211%8h$15.8M$33.0M50xas long as short
Nado MSTR-PERP+0.0255%1h$153K$254K3xas long as short
Phoenix MSTR+0.0342%1h$53K$230K10xas long as short
Variational Omni MSTRshort+0.0412%8h$1.4M$1.8M—
tradeXYZ xyz:MSTR+0.0436%1h$58.5M$21.1M10xas long as short
Injective MSTR/USDC PERP+0.0440%1h$13K$130K30xas long as short
OKX MSTR-USDT-SWAP+0.0452%8h$21.6M$74.0M50xas long as short
Bitget MSTRUSDT+0.0498%8h$32.2M$85.7M25xas long as short
Binance MSTRUSDT+0.0514%8h$86.0M$361.3M50xas long as short
Arcus MSTR-USD+0.0549%1h$30K$95K10xas long as short
Aster MSTRUSDT+0.0552%8h$1.9M$3.5M50xas long as short
BloFin MSTR-USDT+0.0672%8h$1.1M$1.2M20xas long as short
edgeX MSTRUSDC+0.0706%4h$33K$3.0M10xas long as short
RISEx MSTR/USDC+0.0870%1h$183K$256K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0902%1h$280K$493K10xas long as short