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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+0.0586%/8h= +64.1% APRpaid last 24h +0.154%
Price spread now: edgeX against KuCoin−0.097%98s7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as 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−$740.744% of the position
Long on KuCoinShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.096%+$10 on $10k
Price spread, last 7 days+0.102%+$10 · spread now −0.097%, 7d avg +0.020%
Together, before fees+0.197%+ Points / potential airdropedgeX: Active · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.117% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of +0.020%). If the spread goes back, that is −$12 on $10k: about 16 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.096% in total) that is about 8.5 days. The two prices were read 98 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 0.096% in total (about 5.0% 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
LongKuCoin MSTRUSDTM163.850.0100pay 0.0100% / 8h3h 03m$2.4M$2.7M20x
ShortedgeX MSTRUSDC163.690.0686get 0.0343% / 4h3h 03m$48K$5.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$123.01
Price spread: −0.097% → +0.020%
−$11.67
Slippage, 4 orders
−$53.37
Fee KuCoin: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$36.97
Costs to cover
0.744%
Break-even
4.9 days
Slippage from KuCoin: live order book, 8 min ago; edgeX: live order book, 5 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, 8 min ago2.44 bp34.8 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 5 min ago6.11 bp11.1 bp −$1118.0 bp −$180doesn'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−0.0973%8h164.08+0.140%$27.1M$116.6M25xas long as short
Aster MSTRUSDT0.0000%8h163.94+0.057%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h164.01+0.098%$4.6M$19.3M50xas long as short
Phemex MSTRUSDT0.0000%4h164.03+0.110%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.96+0.067%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.81−0.021%$599K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.351%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.89+0.024%$26K$110K10xas long as short
OKX MSTR-USDT-SWAP+0.0041%8h163.94+0.055%$20.7M$99.1M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.67−0.110%—$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.90+0.031%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.93+0.049%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.77−0.049%$817K$4.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.88+0.018%$1.4M$7.3M10xas long as short
Paradex MSTR-USD-PERP+0.0075%8h163.86+0.009%$66—5xas long as short
Variational Omni MSTR+0.0091%8h163.89+0.022%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.91+0.035%$100K$83K10xas long as short
KuCoin MSTRUSDTMlong+0.0100%8h163.85long leg$2.4M$2.7M20x
ApeX Omni MSTRUSDT+0.0100%1h163.67−0.110%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.88+0.018%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.93+0.050%$136—10xas long as short
GRVT MSTR_USDT_Perp+0.0148%8h163.85+0.003%$83K$837K10xas long as short
Binance MSTRUSDT+0.0157%8h163.95+0.061%$86.1M$619.2M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.171%$1.4M$1.1M10xas long as short
RISEx MSTR/USDC+0.0231%1h163.95+0.062%$266K$445K10xas long as short
Nado MSTR-PERP+0.0239%1h163.78−0.043%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0255%1h163.93+0.049%$54.6M$37.1M10xas long as short
BloFin MSTR-USDT+0.0277%8h163.88+0.018%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0316%8h163.98+0.079%$16.6M$41.1M50xas long as short
Phoenix MSTR+0.0340%1h163.78−0.043%$56K$226K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0665%1h164.01+0.098%$279K$438K10xas long as short
edgeX MSTRUSDCshort+0.0686%4h163.69−0.097%$48K$5.4M10x