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 16:00 UTC+0.0226%/8h
paid, last 24h+0.134%paid, last 7 days+0.496%to open and closeno order book
Long on PhemexShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex MSTRUSDT166.170get 0.0000% / 4h3h 38m$2.8M$39K10x
ShortPhoenix MSTR165.760.0226get 0.0028% / 1h38m 34s$55K$380K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$47.42
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$28.42
Break-even
2.8 days
Slippage unknown: Phemex: live order book, 2 min ago; Phoenix: live order book, 4 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.247%
Avg gap 7d
−0.028%
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 ago5.42 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Phoenix live order book, 4 min ago3.01 bp10.0 bp −$1020.3 bp −$203doesn'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 MSTRUSDTlong0.0000%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$101K$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$129K$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+0.0110%8h$66—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.2M10xas long as short
Nado MSTR-PERP+0.0141%1h$125K$257K3xas long as short
tradeXYZ xyz:MSTR+0.0164%1h$56.7M$31.2M10xas long as short
Phoenix MSTRshort+0.0226%1h$55K$380K10x
Variational Omni MSTR+0.0254%8h$1.2M$2.2M—as long as short
OKX MSTR-USDT-SWAP+0.0265%8h$22.2M$100.8M50xas long as short
RISEx MSTR/USDC+0.0277%1h$293K$478K10xas long as short
Aster MSTRUSDT+0.0300%8h$1.3M$6.0M50xas long as short
Binance MSTRUSDT+0.0307%8h$89.4M$555.2M50xas long as short
Injective MSTR/USDC PERP+0.0312%1h$12K$93K30xas long as short
Bitget MSTRUSDT+0.0324%8h$28.9M$110.7M25xas long as short
Bybit MSTRUSDT+0.0386%8h$15.4M$41.7M50xas long as short
BloFin MSTR-USDT+0.0429%8h$1.1M$1.4M20xas long as short
Arcus MSTR-USD+0.0612%1h$26K$126K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0774%1h$282K$454K10xas long as short
edgeX MSTRUSDC+0.0922%4h$44K$4.9M10xas long as short