Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0001%/8hnext payment +$0.01 per $10,000 · paid last 24h +0.037%

Price spread now: Binance against KuCoin+0.030%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$730.734% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 1 day (all we have)−0.026%−$3 · spread now +0.030%, 7d avg +0.022%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSTRUSDTM	168.57	0.0100	pay 0.0100% / 8h	4h 22m	$2.6M	$2.7M	20x
Short	Binance MSTRUSDT	168.62	0.0101	get 0.0101% / 8h	4h 22m	$89.3M	$608.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee KuCoinbpFee BinancebpOrdersPrice spread, now +0.030%Rate

Funding earned: $0.24
Price spread: +0.030% → +0.022%: $0.73
Slippage, 4 orders: −$51.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$72.42
Costs to cover: 0.734%
Break-even: 2162.4 days

Slippage from KuCoin: live order book, 9 min ago; Binance: live order book, 11 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 KuCoin live order book, 9 min ago	2.38 bp	22.8 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.30 bp	6.9 bp −$7	11.1 bp −$111	28.9 bp −$2,893	96.7 bp −$48.3K

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
Nado MSTR-PERP	−0.0087%	1h	168.60	+0.018%	$126K	$184K	3x	as long as short
RISEx MSTR/USDC	0.0000%	1h	168.69	+0.071%	$292K	$470K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.62	+0.030%	$4.8M	$19.0M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.55	−0.012%	$2.9M	$49K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0011%	8h	168.67	+0.059%	$78K	$918K	10x	as long as short
edgeX MSTRUSDC	+0.0022%	4h	168.40	−0.100%	$49K	$5.3M	10x	as long as short
Lighter MSTR	+0.0032%	1h	168.62	+0.030%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.51	−0.036%	$584K	$2.0M	10x	as long as short
Variational Omni MSTR	+0.0033%	8h	168.18	−0.229%	$1.2M	$2.4M	—	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.79	+0.131%	—	$2.0M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0047%	1h	168.67	+0.059%	$1.5M	$10.0M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.56	−0.006%	$412K	$2.4M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.60	+0.018%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.61	+0.024%	$783K	$4.8M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0064%	8h	168.66	+0.052%	$67	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0064%	1h	167.85	−0.427%	$1.5M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0069%	1h	168.56	−0.006%	$58.2M	$34.8M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0091%	8h	168.67	+0.059%	$22.5M	$104.9M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	168.62	+0.031%	$103K	$152K	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0100%	8h	168.57	long leg	$2.6M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	168.55	−0.012%	$4K	$1.3M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.58	+0.006%	$3K	$12K	10x	as long as short
Binance MSTRUSDTshort	+0.0101%	8h	168.62	+0.030%	$89.3M	$608.9M	50x
Aevo MSTR-PERP	+0.0104%	1h	168.60	+0.017%	$140	—	10x	as long as short
Aster MSTRUSDT	+0.0106%	8h	168.55	−0.014%	$1.3M	$6.1M	50x	as long as short
Injective MSTR/USDC PERP	+0.0177%	1h	167.72	−0.504%	$12K	$22K	30x	as long as short
Bitget MSTRUSDT	+0.0191%	8h	168.60	+0.018%	$28.8M	$114.4M	25x	as long as short
Phoenix MSTR	+0.0216%	1h	168.23	−0.204%	$54K	$386K	10x	as long as short
BloFin MSTR-USDT	+0.0223%	8h	168.59	+0.012%	$1.1M	$1.7M	20x	as long as short
Bybit MSTRUSDT	+0.0261%	8h	168.67	+0.059%	$15.7M	$40.7M	50x	as long as short
Arcus MSTR-USD	+0.0493%	1h	168.71	+0.083%	$27K	$125K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0521%	1h	168.65	+0.047%	$287K	$438K	10x	as long as short