Funding you earn now, next payment 21:00 UTC−0.0488%/8h= −53.4% APRpaid last 24h +0.024%
Price spread now: Arcus against edgeX+0.213%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$410.412% of the position
Funding, last 3 days (all we have)+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)−1.595%−$160 · spread now +0.213%, 7d avg −0.041%
=Together, before fees−1.494%+ Points / potential airdropedgeX: Active · farm board−$149 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.254% dearer against edgeX than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of −0.041%): +$25 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 42 hours. Mind the row above: over the last 3 days funding on this pair paid +0.101%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.101% in total (about 11.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSTRUSDC | 169.75 | 0.0938 | pay 0.0469% / 4h | 3h 31m | $50K | $5.4M | 10x |
| Short | Arcus MSTR-USD | 170.11 | 0.0451 | get 0.0056% / 1h | 31m 22s | $27K | $129K | 10x |
edgeX MSTRUSDC
Arcus MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against edgeX. 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
- −$102.4
- Price spread: +0.213% → −0.041%
- $25.4
- Slippage, 4 orders
- −$27.66
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$118.16
- Costs to cover
- 0.412%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 3 min ago; Arcus: live order book, 17 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 edgeX live order book, 3 min ago | 5.59 bp | 10.5 bp −$11 | 17.1 bp −$171 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 17 min ago | 3.83 bp | 7.1 bp −$7 | 33.5 bp −$335 | doesn't fit | doesn't fit |
MSTR on 32 venues
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0035% | 1h | 169.92 | +0.101% | $140K | $107K | 3x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 170.04 | +0.172% | $295K | $474K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.96 | +0.125% | $4.9M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 170.04 | +0.172% | $2.9M | $52K | 10x | as long as short |
| Variational Omni MSTR | +0.0013% | 8h | 169.83 | +0.047% | $1.2M | $2.4M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 169.96 | +0.125% | $3.6M | $2.6M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.92 | +0.102% | $584K | $1.9M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0041% | 8h | 170.03 | +0.168% | $80K | $950K | 10x | as long as short |
| QFEX MSTR-USD | +0.0044% | 1h | 170.00 | +0.149% | $1.5M | $10.1M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 170.35 | +0.355% | — | $2.0M | 25x | as long as short |
Nado MSTR-PERP
RISEx MSTR/USDC
Gate MSTR_USDT
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Extended MSTR_24_5-USD
GRVT MSTR_USDT_Perp
QFEX MSTR-USD
Vest MSTR-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSTR-PERP-INTX | +0.0048% | 1h | 170.00 | +0.149% | $1.5M | $1.1M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.94 | +0.113% | $410K | $2.5M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.79 | +0.025% | $822K | $4.9M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0068% | 8h | 170.08 | +0.196% | $1.1M | $1.7M | 20x | as long as short |
| Paradex MSTR-USD-PERP | +0.0075% | 8h | 170.00 | +0.151% | $68 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0078% | 8h | 170.01 | +0.155% | $22.3M | $108.3M | 50x | as long as short |
| SoDEX MSTR-USD | +0.0079% | 1h | 169.99 | +0.143% | $45K | $3K | 10x | as long as short |
| Aster MSTRUSDT | +0.0081% | 8h | 170.00 | +0.150% | $1.3M | $6.2M | 50x | as long as short |
| Phoenix MSTR | +0.0090% | 1h | 169.79 | +0.024% | $57K | $389K | 10x | as long as short |
| Binance MSTRUSDT | +0.0095% | 8h | 169.99 | +0.140% | $89.3M | $625.1M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0099% | 1h | 169.93 | +0.107% | $57.2M | $37.0M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.94 | +0.116% | $104K | $153K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.93 | +0.107% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.76 | +0.007% | $4K | $1.3M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 170.01 | +0.155% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 170.09 | +0.202% | $141 | — | 10x | as long as short |
| Bitget MSTRUSDT | +0.0156% | 8h | 170.01 | +0.155% | $29.0M | $118.4M | 25x | as long as short |
| Injective MSTR/USDC PERP | +0.0171% | 1h | 169.97 | +0.131% | $13K | $22K | 30x | as long as short |
| Bybit MSTRUSDT | +0.0234% | 8h | 170.06 | +0.184% | $15.6M | $42.3M | 50x | as long as short |
| Arcus MSTR-USDshort | +0.0451% | 1h | 170.11 | +0.213% | $27K | $129K | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.0633% | 1h | 170.03 | +0.166% | $289K | $439K | 10x | as long as short |
| edgeX MSTRUSDClong | +0.0938% | 4h | 169.75 | long leg | $50K | $5.4M | 10x |
Coinbase International MSTR-PERP-INTX
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
BloFin MSTR-USDT
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
SoDEX MSTR-USD
Aster MSTRUSDT
Phoenix MSTR
Binance MSTRUSDT
tradeXYZ xyz:MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Bitget MSTRUSDT
Injective MSTR/USDC PERP
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL