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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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Funding you earn now, next payment 08:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.133%
Price spread now: edgeX against OKX−0.055%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$360.357% of the position
Long on OKXShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 7 days+0.016%+$2 · spread now −0.055%, 7d avg −0.018%
Together, before fees−0.013%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.037% cheaper against OKX than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.018%). If the spread goes back, that is −$4 on $10k: about 29 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MSTR-USDT-SWAP163.340.0120pay 0.0120% / 8h1h 51m$20.7M$100.7M50x
ShortedgeX MSTRUSDC163.250.0223get 0.0111% / 4h1h 51m$46K$5.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$21.52
Price spread: −0.055% → −0.018%
−$3.73
Slippage, 4 orders
−$16.73
Fee OKX: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$17.93
Costs to cover
0.357%
Break-even
12.8 days
Slippage from OKX: live order book, 3 min ago; edgeX: live order book, 3 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, 3 min ago0.31 bp8.5 bp −$912.6 bp −$126doesn't fitdoesn't fit
Sell edgeX live order book, 3 min ago5.51 bp10.4 bp −$1017.1 bp −$171doesn'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−0.0894%8h163.51+0.104%$28.7M$119.1M25xas long as short
Gate MSTR_USDT0.0000%8h163.35+0.006%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.37+0.018%$2.8M$78K10xas long as short
Aster MSTRUSDT+0.0017%8h163.22−0.073%$1.8M$8.7M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.09−0.150%$503K$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%1h163.35+0.006%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.00−0.208%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.13−0.129%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.17−0.104%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h163.16−0.110%$842K$3.9M10xas long as short
QFEX MSTR-USD+0.0057%1h163.14−0.122%$1.3M$7.3M10xas long as short
Pacifica MSTR+0.0100%1h163.11−0.142%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.20−0.086%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.11−0.141%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.22−0.073%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.23−0.065%$135—10xas long as short
OKX MSTR-USDT-SWAPlong+0.0120%8h163.34long leg$20.7M$100.7M50x
Paradex MSTR-USD-PERP+0.0141%8h163.11−0.141%$65—5xas long as short
Variational Omni MSTR+0.0143%8h163.37+0.016%$1.2M$2.1M—as long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.114%$1.4M$1.1M10xas long as short
tradeXYZ xyz:MSTR+0.0185%1h163.18−0.098%$54.1M$37.3M10xas long as short
Lighter MSTR+0.0192%1h163.21−0.080%$3.5M$2.0M10xas long as short
Binance MSTRUSDT+0.0217%8h163.22−0.071%$83.8M$628.7M50xas long as short
edgeX MSTRUSDCshort+0.0223%4h163.25−0.055%$46K$5.4M10x
GRVT MSTR_USDT_Perp+0.0229%8h163.32−0.013%$83K$865K10xas long as short
Nado MSTR-PERP+0.0302%1h163.03−0.187%$130K$157K3xas long as short
Phoenix MSTR+0.0328%1h163.31−0.020%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0337%8h163.32−0.012%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0374%8h163.27−0.043%$16.8M$41.8M50xas long as short
RISEx MSTR/USDC+0.0381%1h163.16−0.109%$262K$437K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0670%1h163.24−0.061%$278K$437K10xas long as short