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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 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against KuCoin+0.032%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$710.709% of the position
Long on KuCoinShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.148%+$15 on $10k
Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.032%, 7d avg +0.006%
Together, before fees+0.059%+ Points / potential airdropPacifica: Active · farm board+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.026% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MSTRUSDTM163.340.0100pay 0.0100% / 8h56m 30s$2.4M$2.7M20x
ShortPacifica MSTR163.390.0100get 0.0013% / 1h56m 30s$100K$88K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.032% → +0.006%
$2.55
Slippage, 4 orders
−$50.88
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$68.32
Costs to cover
0.709%
Break-even
never at this rate
Slippage from KuCoin: live order book, 10 min ago; Pacifica: live order book, 27 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, 10 min ago1.53 bp35.1 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell Pacifica live order book, 27 min ago1.50 bp9.8 bp −$10doesn't fitdoesn'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−0.0567%8h163.53+0.116%$29.1M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h163.45+0.067%$4.7M$19.4M50xas long as short
Phemex MSTRUSDT0.0000%4h163.47+0.080%$2.8M$80K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.17−0.104%$507K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.673%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.54+0.122%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.22−0.073%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.30−0.024%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.38+0.024%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.25−0.055%$857K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MSTRUSDT+0.0067%8h163.23−0.068%$1.8M$8.7M50xas long as short
QFEX MSTR-USD+0.0067%1h163.36+0.012%$1.3M$7.2M10xas long as short
Pacifica MSTRshort+0.0100%1h163.39+0.032%$100K$88K10x
KuCoin MSTRUSDTMlong+0.0100%8h163.34long leg$2.4M$2.7M20x
ApeX Omni MSTRUSDT+0.0100%1h163.20−0.086%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.46+0.073%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.47+0.080%$136—10xas long as short
Lighter MSTR+0.0128%1h163.340.000%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−1.114%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0172%8h163.33−0.006%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0186%8h163.38+0.024%$20.8M$99.9M50xas long as short
Variational Omni MSTR+0.0187%8h163.34−0.002%$1.2M$2.1M—as long as short
Binance MSTRUSDT+0.0263%8h163.37+0.018%$84.1M$624.2M50xas long as short
GRVT MSTR_USDT_Perp+0.0274%8h163.40+0.037%$76K$865K10xas long as short
Phoenix MSTR+0.0328%1h163.46+0.071%$56K$223K10xas long as short
Nado MSTR-PERP+0.0363%1h163.25−0.057%$130K$157K3xas long as short
BloFin MSTR-USDT+0.0382%8h163.46+0.073%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0410%8h163.42+0.049%$17.1M$41.8M50xas long as short
RISEx MSTR/USDC+0.0493%1h163.40+0.037%$266K$425K10xas long as short
tradeXYZ xyz:MSTR+0.0545%1h163.42+0.049%$54.0M$37.8M10xas long as short
edgeX MSTRUSDC+0.0637%4h163.44+0.063%$46K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0791%1h163.48+0.086%$278K$437K10xas long as short