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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
Measured
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Alert: spread
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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 you earn now, next payment 08:00 UTC+0.0101%/8h= +11.0% APRnext payment +$1.01 per $10,000 · paid last 24h +0.010%
Price spread now: Binance against OKX−0.018%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Long on OKXShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.022%−$2 on $10k
Price spread, last 7 days+0.009%+$1 · spread now −0.018%, 7d avg +0.022%
Together, before fees−0.012%−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.040% cheaper against OKX than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.022%). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MSTR-USDT-SWAP163.930.0119pay 0.0119% / 8h2h 04m$20.8M$101.1M50x
ShortBinance MSTRUSDT163.900.0220get 0.0220% / 8h2h 04m$84.1M$629.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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
$21.18
Price spread: −0.018% → +0.022%
−$3.99
Slippage, 4 orders
−$6.13
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$8.94
Costs to cover
0.261%
Break-even
10.0 days
Slippage from OKX: live order book, 5 min ago; Binance: live order book, 10 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 OKX live order book, 5 min ago0.31 bp7.8 bp −$811.4 bp −$114doesn't fitdoesn't fit
Sell Binance live order book, 10 min ago0.31 bp6.4 bp −$610.9 bp −$10932.3 bp −$3,233137.3 bp −$68.6K

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−0.1014%8h164.13+0.122%$28.4M$119.0M25xas long as short
Gate MSTR_USDT0.0000%8h164.00+0.043%$4.7M$19.8M50xas long as short
Phemex MSTRUSDT0.0000%4h163.64−0.177%$2.8M$78K10xas long as short
Aster MSTRUSDT+0.0018%8h163.90−0.021%$1.8M$8.7M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.85−0.046%$511K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.300%$8K$26K30xas long as short
Vest MSTR-USD-PERP+0.0035%1h163.95+0.012%—$1.8M25xas long as short
Arcus MSTR-USD+0.0040%1h164.03+0.061%$26K$113K10xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.89−0.024%$378K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.92−0.006%$853K$4.0M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0054%1h163.90−0.018%$1.3M$7.3M10xas long as short
RISEx MSTR/USDC+0.0088%1h163.97+0.024%$264K$442K10xas long as short
Pacifica MSTR+0.0100%1h163.86−0.043%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.88−0.031%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.94+0.006%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.95+0.012%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.95+0.009%$136—10xas long as short
OKX MSTR-USDT-SWAPlong+0.0119%8h163.93long leg$20.8M$101.1M50x
Lighter MSTR+0.0120%1h163.86−0.043%$3.5M$2.0M10xas long as short
Paradex MSTR-USD-PERP+0.0144%8h163.95+0.014%$66—5xas long as short
Variational Omni MSTR+0.0147%8h164.18+0.150%$1.2M$2.1M—as long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h161.52−1.470%$1.4M$1.1M10xas long as short
Binance MSTRUSDTshort+0.0220%8h163.90−0.018%$84.1M$629.1M50x
tradeXYZ xyz:MSTR+0.0234%1h163.84−0.055%$54.3M$37.4M10xas long as short
GRVT MSTR_USDT_Perp+0.0236%8h164.07+0.087%$79K$854K10xas long as short
Nado MSTR-PERP+0.0333%1h163.95+0.010%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0341%8h163.97+0.024%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0362%1h163.88−0.031%$56K$226K10xas long as short
Bybit MSTRUSDT+0.0372%8h163.95+0.012%$16.9M$41.9M50xas long as short
SoDEX MSTR-USD+0.0395%1h163.85−0.049%$43K$3K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0421%1h163.930.000%$279K$438K10xas long as short
edgeX MSTRUSDC+0.0838%4h164.00+0.045%$46K$5.4M10xas long as short