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

MSTR

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Funding spread now, next payment 14:00 UTC+0.0116%/8h
paid, last 24h−0.047%paid, last 3 days−0.438%to open and close $10k−$32
Long on PhoenixShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix MSTR166.210.0320pay 0.0040% / 1h42m 03s$54K$334K10x
ShortBinance MSTRUSDT165.300.0436get 0.0436% / 8h1h 42m$85.7M$470.5M50x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$24.36
Slippage, 4 orders
−$15.05
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Binance: 5 bp × 2 orders
−$10
Net
−$7.69
Break-even
9.2 days
Slippage from Phoenix: live order book, 10 min ago; Binance: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.546%
Avg gap 7d
+0.015%
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 Phoenix live order book, 10 min ago3.02 bp10.0 bp −$1020.3 bp −$203doesn't fitdoesn't fit
Sell Binance live order book, 3 min ago0.30 bp5.9 bp −$69.9 bp −$9930.4 bp −$3,042104.1 bp −$52.0K

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective MSTR/USDC PERP−0.0440%1h$12K$103K30xas long as short
Gate MSTR_USDT0.0000%8h$5.0M$18.4M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$27K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$489K$2.2M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.3M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$418K$1.6M10xas long as short
SoDEX MSTR-USD+0.0050%1h$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$839K$4.3M10xas long as short
QFEX MSTR-USD+0.0057%1h$1.3M$8.9M10xas long as short
Nado MSTR-PERP+0.0061%1h$154K$251K3xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica MSTR+0.0100%1h$101K$176K10xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$131K$2.4M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$14K10xas long as short
Aevo MSTR-PERP+0.0104%1h$137—10xas long as short
KuCoin MSTRUSDTM+0.0116%8h$3.2M$2.1M20xas long as short
Paradex MSTR-USD-PERP+0.0121%8h$66—5xas long as short
Lighter MSTR+0.0144%1h$3.5M$2.9M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0160%1h$1.5M$1.2M10xas long as short
tradeXYZ xyz:MSTR+0.0168%1h$56.1M$29.4M10xas long as short
Bybit MSTRUSDT+0.0212%8h$15.7M$41.5M50xas long as short
edgeX MSTRUSDC+0.0314%4h$61K$4.1M10xas long as short
Phoenix MSTRlong+0.0320%1h$54K$334K10x
Variational Omni MSTR+0.0379%8h$1.3M$2.1M—as long as short
OKX MSTR-USDT-SWAP+0.0382%8h$21.5M$94.3M50xas long as short
Bitget MSTRUSDT+0.0424%8h$28.8M$104.7M25xas long as short
Binance MSTRUSDTshort+0.0436%8h$85.7M$470.5M50x
Aster MSTRUSDT+0.0465%8h$1.9M$4.8M50xas long as short
RISEx MSTR/USDC+0.0566%1h$191K$390K10xas long as short
BloFin MSTR-USDT+0.0569%8h$1.1M$1.4M20xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0718%1h$281K$452K10xas long as short
Arcus MSTR-USD+0.0991%1h$26K$123K10xas long as short