MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0235%/8h= +25.7% APRnext payment +$2.35 per $10,000 · paid last 24h +0.012%

Price spread now: Bybit against KuCoin+0.037%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 7 days−0.005%$0 · spread now +0.037%, 7d avg +0.034%

Together, before fees+0.134%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSTRUSDTM	164.25	0.0100	pay 0.0100% / 8h	3h 44m	$2.4M	$2.7M	20x
Short	Bybit MSTRUSDT	164.31	0.0335	get 0.0335% / 8h	3h 44m	$16.8M	$40.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.037%Rate

Funding earned: $49.26
Price spread: +0.037% → +0.034%: $0.24
Slippage, 4 orders: −$34.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$7.5
Costs to cover: 0.570%
Break-even: 8.1 days

Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 4 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, 2 min ago	3.04 bp	22.4 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.91 bp	9.2 bp −$9	15.4 bp −$154	141.4 bp −$14.1K	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	−0.0882%	8h	164.42	+0.104%	$27.8M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.33	+0.046%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.34	+0.055%	$4.6M	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.42	+0.104%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.14	−0.064%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.099%	$8K	$26K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0034%	8h	164.28	+0.018%	$20.7M	$99.5M	50x	as long as short
edgeX MSTRUSDC	+0.0038%	4h	164.50	+0.150%	$49K	$5.3M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.48	+0.140%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.25	0.000%	—	$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	164.30	+0.030%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.37	+0.073%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.27	+0.012%	$855K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.27	+0.012%	$1.4M	$7.3M	10x	as long as short
Lighter MSTR	+0.0072%	1h	164.22	−0.018%	$3.5M	$1.9M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.22	−0.021%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0100%	8h	164.25	long leg	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	164.39	+0.085%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.38	+0.079%	$4K	$8K	10x	as long as short
Variational Omni MSTR	+0.0101%	8h	164.45	+0.119%	$1.2M	$2.1M	—	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.40	+0.094%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0137%	8h	164.21	−0.023%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0160%	8h	164.27	+0.012%	$86.8M	$615.8M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.21	−0.024%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0172%	8h	164.40	+0.091%	$75K	$803K	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.32	+0.046%	$266K	$445K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0244%	1h	164.22	−0.018%	$54.7M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0251%	1h	164.26	+0.004%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0281%	8h	164.36	+0.067%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDTshort	+0.0335%	8h	164.31	+0.037%	$16.8M	$40.8M	50x
Phoenix MSTR	+0.0340%	1h	164.53	+0.172%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0907%	1h	164.40	+0.091%	$280K	$438K	10x	as long as short