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 19:00 UTC+0.0521%/8h
next payment, per $10,000+$0.65paid, last 24h+0.041%paid, last 3 days−0.197%to open and close $10k−$38
Long on ExtendedShort on Arcus
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MSTR_24_5-USD165.880.0032pay 0.0004% / 1h9m 00s$577K$2.1M10x
ShortArcus MSTR-USD166.230.0553get 0.0069% / 1h9m 00s$27K$122K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$109.37
Slippage, 4 orders
−$28.87
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$71
Break-even
2.5 days
Slippage from Extended: live order book, 1 min ago; Arcus: live order book, 61 min ago.

Price risk

price view
Price gap now
+0.211%
Avg gap 7d
+0.092%
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 Extended live order book, 1 min ago2.11 bp8.4 bp −$835.1 bp −$351doesn't fitdoesn't fit
Sell Arcus live order book, 61 min ago9.05 bp12.0 bp −$1232.5 bp −$325doesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
RISEx MSTR/USDC0.0000%1h$286K$469K10xas long as short
Gate MSTR_USDT0.0000%8h$4.8M$18.8M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$47K10xas long as short
Nado MSTR-PERP+0.0023%1h$124K$227K3xas long as short
Lighter MSTR+0.0032%1h$3.5M$2.6M10xas long as short
Extended MSTR_24_5-USDlong+0.0032%1h$577K$2.1M10x
Vest MSTR-USD-PERP+0.0046%1h—$1.9M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$405K$2.4M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$777K$4.7M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
QFEX MSTR-USD+0.0065%1h$1.4M$9.8M10xas long as short
Paradex MSTR-USD-PERP+0.0077%8h$66—5xas long as short
Variational Omni MSTR+0.0080%8h$1.2M$2.4M—as long as short
tradeXYZ xyz:MSTR+0.0092%1h$56.4M$34.0M10xas long as short
Pacifica MSTR+0.0100%1h$102K$152K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h$2.6M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$4K$1.4M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0104%1h$1.4M$1.1M10xas long as short
OKX MSTR-USDT-SWAP+0.0109%8h$22.1M$102.4M50xas long as short
Aster MSTRUSDT+0.0127%8h$1.3M$6.1M50xas long as short
Binance MSTRUSDT+0.0142%8h$87.4M$600.0M50xas long as short
Injective MSTR/USDC PERP+0.0188%1h$12K$48K30xas long as short
Bitget MSTRUSDT+0.0220%8h$28.5M$113.3M25xas long as short
Phoenix MSTR+0.0237%1h$55K$384K10xas long as short
BloFin MSTR-USDT+0.0262%8h$1.1M$1.6M20xas long as short
Bybit MSTRUSDT+0.0285%8h$15.4M$40.3M50xas long as short
edgeX MSTRUSDC+0.0325%4h$45K$5.2M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0534%1h$282K$439K10xas long as short
Arcus MSTR-USDshort+0.0553%1h$27K$122K10x