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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−0.0028%/8h= −3.1% APRnext payment −$0.28 per $10,000 · paid last 24h +0.017%
Price spread now: Aster against KuCoin−0.091%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$600.604% of the position
Long on KuCoinShort on Aster
What this pair did over the last
the charts below follow
Funding, last 7 days+0.015%+$1 on $10k
Price spread, last 7 days+0.065%+$7 · spread now −0.091%, 7d avg +0.016%
Together, before fees+0.080%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.107% cheaper against KuCoin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MSTRUSDTM163.380.0100pay 0.0100% / 8h50m 29s$2.4M$2.7M20x
ShortAster MSTRUSDT163.230.0072get 0.0072% / 8h50m 29s$1.8M$8.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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
−$5.85
Price spread: −0.091% → +0.016%
−$10.7
Slippage, 4 orders
−$40.37
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$76.93
Costs to cover
0.604%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; Aster: live order book, 3 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 KuCoin live order book, 6 min ago2.14 bp25.5 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 3 min ago1.84 bp5.8 bp −$677.0 bp −$770doesn'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−0.0549%8h163.58+0.122%$29.2M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h163.49+0.067%$4.7M$19.4M50xas long as short
Phemex MSTRUSDT0.0000%4h163.46+0.049%$2.8M$81K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.24−0.089%$502K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.648%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.53+0.092%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.29−0.055%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.34−0.024%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.46+0.049%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.21−0.104%$857K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0067%1h163.40+0.012%$1.3M$7.1M10xas long as short
Aster MSTRUSDTshort+0.0072%8h163.23−0.091%$1.8M$8.7M50x
Pacifica MSTR+0.0100%1h163.44+0.038%$100K$88K10xas long as short
KuCoin MSTRUSDTMlong+0.0100%8h163.38long leg$2.4M$2.7M20x
ApeX Omni MSTRUSDT+0.0100%1h163.14−0.147%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.47+0.055%$2K$13K10xas long as short
Lighter MSTR+0.0104%1h163.32−0.037%$3.5M$2.0M10xas long as short
Aevo MSTR-PERP+0.0104%1h163.47+0.053%$136—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−1.138%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0179%8h163.34−0.025%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0194%8h163.44+0.037%$20.8M$99.9M50xas long as short
Variational Omni MSTR+0.0197%8h163.42+0.026%$1.2M$2.0M—as long as short
edgeX MSTRUSDC+0.0253%4h163.31−0.045%$46K$5.4M10xas long as short
Binance MSTRUSDT+0.0269%8h163.44+0.037%$84.2M$623.3M50xas long as short
GRVT MSTR_USDT_Perp+0.0277%8h163.49+0.067%$85K$849K10xas long as short
Phoenix MSTR+0.0357%1h163.49+0.069%$56K$223K10xas long as short
BloFin MSTR-USDT+0.0386%8h163.45+0.043%$1.0M$2.1M20xas long as short
Nado MSTR-PERP+0.0403%1h163.21−0.102%$130K$157K3xas long as short
Bybit MSTRUSDT+0.0419%8h163.48+0.061%$17.1M$41.7M50xas long as short
RISEx MSTR/USDC+0.0493%1h163.42+0.025%$266K$425K10xas long as short
tradeXYZ xyz:MSTR+0.0555%1h163.44+0.037%$54.1M$37.8M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1097%1h163.56+0.110%$278K$437K10xas long as short