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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 06:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h −0.020%
Price spread now: QFEX against Gate−0.043%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$430.434% of the position
Long on GateShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.246%−$25 on $10k
Price spread, last 7 days−0.024%−$2 · spread now −0.043%, 7d avg −0.060%
Together, before fees−0.270%−$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.060%, 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 4 days funding on this pair cost −0.246%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MSTR_USDT163.880get 0.0000% / 8h2h 02m$4.7M$19.8M50x
ShortQFEX MSTR-USD163.810.0054get 0.0007% / 1h2m 41s$1.3M$7.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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
$11.24
Price spread: −0.043% → −0.060%
$1.68
Slippage, 4 orders
−$18.39
Fee Gate: 7.5 bp × 2 orders
−$15
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$30.47
Costs to cover
0.434%
Break-even
26.0 days
Slippage from Gate: live order book, 1 min ago; QFEX: live order book, 6 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, 1 min ago2.13 bp15.0 bp −$1545.6 bp −$456doesn't fitdoesn't fit
Sell QFEX live order book, 6 min ago2.13 bp7.1 bp −$78.0 bp −$80doesn'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−0.0974%8h164.02+0.085%$28.4M$119.1M25xas long as short
Gate MSTR_USDTlong0.0000%8h163.88long leg$4.7M$19.8M50x
Phemex MSTRUSDT0.0000%4h163.51−0.226%$2.8M$78K10xas long as short
Aster MSTRUSDT+0.0016%8h163.80−0.048%$1.8M$8.7M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.69−0.119%$511K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.332%$8K$26K30xas long as short
Vest MSTR-USD-PERP+0.0036%1h163.87−0.006%—$1.8M25xas long as short
Arcus MSTR-USD+0.0040%1h163.98+0.061%$26K$113K10xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.81−0.043%$378K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.64−0.146%$853K$3.9M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USDshort+0.0054%1h163.81−0.043%$1.3M$7.3M10x
RISEx MSTR/USDC+0.0088%1h163.90+0.009%$263K$442K10xas long as short
Pacifica MSTR+0.0100%1h163.80−0.051%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.80−0.049%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.95+0.043%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.90+0.012%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.90+0.015%$136—10xas long as short
OKX MSTR-USDT-SWAP+0.0119%8h163.880.000%$20.8M$101.1M50xas long as short
Lighter MSTR+0.0120%1h163.79−0.055%$3.5M$2.0M10xas long as short
Paradex MSTR-USD-PERP+0.0140%8h163.77−0.070%$66—5xas long as short
Variational Omni MSTR+0.0147%8h164.18+0.181%$1.2M$2.1M—as long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h161.52−1.440%$1.4M$1.1M10xas long as short
Binance MSTRUSDT+0.0215%8h163.85−0.016%$84.1M$629.1M50xas long as short
tradeXYZ xyz:MSTR+0.0226%1h163.71−0.104%$54.3M$37.4M10xas long as short
GRVT MSTR_USDT_Perp+0.0236%8h164.07+0.118%$79K$854K10xas long as short
edgeX MSTRUSDC+0.0279%4h164.13+0.152%$46K$5.4M10xas long as short
Nado MSTR-PERP+0.0332%1h163.78−0.059%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0338%8h163.94+0.037%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0362%1h163.89+0.008%$56K$226K10xas long as short
Bybit MSTRUSDT+0.0370%8h163.87−0.006%$16.9M$41.9M50xas long as short
SoDEX MSTR-USD+0.0372%1h163.86−0.012%$43K$3K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0544%1h163.90+0.012%$279K$438K10xas long as short