data as of
Settings8H · net · $10k
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Funding arb /

MSTR

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 17:00 UTC−0.0137%/8h
paid, last 24h−0.087%paid, last 3 days+0.013%to open and closeno order book
Long on NadoShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MSTR-PERP165.930.0137pay 0.0017% / 1h35m 54s$125K$257K3x
ShortPhemex MSTRUSDT166.070get 0.0000% / 4h3h 35m$2.8M$39K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$28.76
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$47.76
Break-even
never at this rate
Slippage unknown: Nado: live order book, 8 min ago; Phemex: live order book, 4 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.087%
Avg gap 7d
+0.048%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 8 min ago7.22 bp22.1 bp −$2273.0 bp −$730doesn't fitdoesn't fit
Sell Phemex live order book, 4 min ago5.42 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$4.8M$18.8M50xas long as short
Phemex MSTRUSDTshort0.0000%4h$2.8M$39K10x
Extended MSTR_24_5-USD+0.0032%1h$499K$2.2M10xas long as short
QFEX MSTR-USD+0.0041%1h$1.3M$9.3M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$409K$2.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$884K$4.4M10xas long as short
Lighter MSTR+0.0056%1h$3.6M$2.8M10xas long as short
Pacifica MSTR+0.0100%1h$102K$152K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin MSTRUSDTM+0.0100%8h$2.5M$2.6M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$130K$1.8M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Paradex MSTR-USD-PERP+0.0109%8h$66—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.2M10xas long as short
Nado MSTR-PERPlong+0.0137%1h$125K$257K3x
tradeXYZ xyz:MSTR+0.0153%1h$57.1M$31.5M10xas long as short
edgeX MSTRUSDC+0.0205%4h$45K$4.9M10xas long as short
Phoenix MSTR+0.0226%1h$56K$380K10xas long as short
Variational Omni MSTR+0.0254%8h$1.2M$2.2M—as long as short
OKX MSTR-USDT-SWAP+0.0263%8h$22.2M$100.8M50xas long as short
RISEx MSTR/USDC+0.0277%1h$293K$478K10xas long as short
Aster MSTRUSDT+0.0294%8h$1.3M$6.0M50xas long as short
Binance MSTRUSDT+0.0301%8h$89.7M$555.6M50xas long as short
Injective MSTR/USDC PERP+0.0312%1h$12K$93K30xas long as short
Bitget MSTRUSDT+0.0323%8h$28.9M$110.8M25xas long as short
Bybit MSTRUSDT+0.0393%8h$15.4M$41.8M50xas long as short
BloFin MSTR-USDT+0.0423%8h$1.1M$1.4M20xas long as short
Arcus MSTR-USD+0.0612%1h$26K$126K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0654%1h$282K$454K10xas long as short