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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0780%/8h= +85.4% APRpaid last 24h +0.146%
Price spread now: edgeX against Gate+0.069%82s7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$650.651% of the position
Long on GateShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.202%−$20 on $10k
Price spread, last 7 days−0.112%−$11 · spread now +0.069%, 7d avg −0.024%
Together, before fees−0.314%+ Points / potential airdropedgeX: Active · farm board−$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and edgeX is 0.093% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.024%. Mind the row above: over the last 7 days funding on this pair cost −0.202%, so the current rate has only just turned in your favour. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.202% in total (about -10.5% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MSTR_USDT163.590get 0.0000% / 8h1h 12m$4.7M$19.7M50x
ShortedgeX MSTRUSDC163.700.0780get 0.0390% / 4h1h 12m$46K$5.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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

Funding earned
$163.77
Price spread: +0.069% → −0.024%
$9.33
Slippage, 4 orders
−$41.11
Fee Gate: 7.5 bp × 2 orders
−$15
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$107.98
Costs to cover
0.651%
Break-even
2.4 days
Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago2.75 bp13.8 bp −$1439.0 bp −$390doesn't fitdoesn't fit
Sell edgeX live order book, 2 min ago6.11 bp11.1 bp −$1118.2 bp −$182doesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0706%8h163.65+0.037%$29.1M$118.7M25xas long as short
Gate MSTR_USDTlong0.0000%8h163.59long leg$4.7M$19.7M50x
Phemex MSTRUSDT0.0000%4h163.67+0.049%$2.8M$79K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.37−0.134%$508K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.515%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.71+0.073%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.51−0.049%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.47−0.073%$378K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.52−0.043%$850K$3.9M10xas long as short
Aster MSTRUSDT+0.0053%8h163.43−0.098%$1.8M$8.7M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.56−0.018%$1.3M$7.1M10xas long as short
SoDEX MSTR-USD+0.0067%1h163.57−0.012%$43K$3K10xas long as short
Pacifica MSTR+0.0100%1h163.54−0.028%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.51−0.049%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.61+0.012%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.52−0.043%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.55−0.026%$136—10xas long as short
Lighter MSTR+0.0112%1h163.48−0.067%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.265%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0164%8h163.52−0.042%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0168%8h163.50−0.055%$20.8M$100.1M50xas long as short
Variational Omni MSTR+0.0175%8h163.69+0.059%$1.2M$2.1M—as long as short
tradeXYZ xyz:MSTR+0.0244%1h163.43−0.098%$54.1M$37.2M10xas long as short
Binance MSTRUSDT+0.0251%8h163.55−0.024%$84.1M$626.0M50xas long as short
GRVT MSTR_USDT_Perp+0.0265%8h163.76+0.102%$84K$867K10xas long as short
Phoenix MSTR+0.0328%1h163.77+0.109%$56K$223K10xas long as short
Nado MSTR-PERP+0.0358%1h163.39−0.119%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0369%8h163.62+0.018%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.65+0.036%$265K$425K10xas long as short
Bybit MSTRUSDT+0.0387%8h163.63+0.024%$17.1M$41.8M50xas long as short
edgeX MSTRUSDCshort+0.0780%4h163.70+0.069%$46K$5.4M10x
Deribit MSTR_USDC-PERPETUAL+0.0913%1h163.590.000%$278K$437K10xas long as short