data as of
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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 18:00 UTC+0.0032%/8h
paid, last 24h+0.032%paid, last 7 days+0.242%to open and closeno order book
Long on PhemexShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex MSTRUSDT166.550get 0.0000% / 4h2h 42m$2.8M$42K10x
ShortLighter MSTR166.530.0032get 0.0004% / 1h42m 50s$3.6M$2.6M10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$6.72
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$5.28
Break-even
12.5 days
Slippage unknown: Phemex: live order book, 2 min ago; Lighter: live order book, 6 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.012%
Avg gap 7d
−0.069%
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 Phemex live order book, 2 min ago7.19 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 6 min ago1.20 bp2.9 bp −$35.1 bp −$5134.8 bp −$3,485doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Nado MSTR-PERP−0.0047%1h$125K$243K3xas long as short
Gate MSTR_USDT0.0000%8h$4.8M$18.3M50xas long as short
Phemex MSTRUSDTlong0.0000%4h$2.8M$42K10x
RISEx MSTR/USDC+0.0017%1h$295K$467K10xas long as short
edgeX MSTRUSDC+0.0029%4h$48K$5.0M10xas long as short
Lighter MSTRshort+0.0032%1h$3.6M$2.6M10x
Extended MSTR_24_5-USD+0.0032%1h$496K$2.0M10xas long as short
QFEX MSTR-USD+0.0041%1h$1.3M$9.5M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.8M25xas long as short
tradeXYZ xyz:MSTR+0.0050%1h$56.5M$32.1M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h$404K$2.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$817K$4.7M10xas long as short
Paradex MSTR-USD-PERP+0.0073%8h$67—5xas long as short
Pacifica MSTR+0.0100%1h$102K$152K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h$2.5M$2.6M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$31K$1.5M50xas 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
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.1M10xas long as short
Bybit MSTRUSDT+0.0171%8h$15.4M$41.5M50xas long as short
Variational Omni MSTR+0.0177%8h$1.3M$2.2M—as long as short
OKX MSTR-USDT-SWAP+0.0182%8h$22.5M$101.4M50xas long as short
Phoenix MSTR+0.0215%1h$54K$388K10xas long as short
Binance MSTRUSDT+0.0220%8h$91.1M$574.1M50xas long as short
Aster MSTRUSDT+0.0220%8h$1.3M$6.0M50xas long as short
Injective MSTR/USDC PERP+0.0249%1h$12K$68K30xas long as short
Bitget MSTRUSDT+0.0253%8h$28.7M$111.7M25xas long as short
BloFin MSTR-USDT+0.0340%8h$1.1M$1.5M20xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0411%1h$283K$455K10xas long as short
Arcus MSTR-USD+0.0599%1h$26K$130K10xas long as short