Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.013%

Price spread now: KuCoin against Extended+0.061%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$550.545% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.158%−$16 on $10k

Price spread, last 7 days−0.060%−$6 · spread now +0.061%, 7d avg +0.056%

Together, before fees−0.217%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.158%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	163.98	0.0032	pay 0.0004% / 1h	41m 57s	$593K	$1.9M	10x
Short	KuCoin MSTRUSDTM	164.08	0.0100	get 0.0100% / 8h	3h 41m	$2.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.061%Rate

Funding earned: $14.28
Price spread: +0.061% → +0.056%: $0.53
Slippage, 4 orders: −$37.53
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.71
Costs to cover: 0.545%
Break-even: 26.5 days

Slippage from Extended: live order book, 2 min ago; KuCoin: live order book, 5 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 Extended live order book, 2 min ago	3.05 bp	6.5 bp −$7	23.3 bp −$233	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	3.04 bp	16.5 bp −$17	doesn't fit	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
Bitget MSTRUSDT	−0.0885%	8h	164.27	+0.177%	$27.8M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.97	−0.005%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.18	+0.122%	$4.6M	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.12	+0.085%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	163.98	long leg	$593K	$1.9M	10x
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.269%	$8K	$26K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0037%	8h	164.15	+0.104%	$20.6M	$99.4M	50x	as long as short
edgeX MSTRUSDC	+0.0038%	4h	164.50	+0.315%	$49K	$5.3M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.40	+0.256%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.97	−0.006%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.00	+0.012%	$379K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.08	+0.061%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.27	+0.177%	$855K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.10	+0.073%	$1.4M	$7.3M	10x	as long as short
Lighter MSTR	+0.0072%	1h	164.02	+0.024%	$3.5M	$1.9M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.14	+0.098%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	164.08	+0.061%	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	164.28	+0.183%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.99	+0.006%	$4K	$8K	10x	as long as short
Variational Omni MSTR	+0.0101%	8h	164.45	+0.284%	$1.2M	$2.1M	—	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.02	+0.025%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0137%	8h	164.08	+0.062%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.15	+0.101%	$86.8M	$615.9M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0167%	8h	164.42	+0.267%	$75K	$803K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.96	−0.012%	$1.4M	$1.1M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.10	+0.076%	$266K	$445K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0247%	1h	164.09	+0.067%	$54.7M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0256%	1h	164.09	+0.064%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0278%	8h	164.32	+0.207%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0332%	8h	164.19	+0.128%	$16.7M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.53	+0.337%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0787%	1h	164.08	+0.061%	$279K	$438K	10x	as long as short