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 17:00 UTC−0.0183%/8h
next payment, per $10,000−$0.23paid, last 24h+0.003%paid, last 7 days−0.195%to open and close $10k−$34
Long on PhoenixShort on Extended
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix MSTR167.160.0215pay 0.0027% / 1h54m 37s$55K$379K10x
ShortExtended MSTR_24_5-USD166.520.0032get 0.0004% / 1h54m 37s$495K$2.1M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$38.53
Slippage, 4 orders
−$21.92
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$72.45
Break-even
never at this rate
Slippage from Phoenix: live order book, 48 min ago; Extended: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.382%
Avg gap 7d
−0.099%
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, 48 min ago3.01 bp10.0 bp −$1020.2 bp −$202doesn't fitdoesn't fit
Sell Extended live order book, 5 min ago2.10 bp7.4 bp −$720.2 bp −$202doesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Nado MSTR-PERP−0.0046%1h$125K$247K3xas long as short
Gate MSTR_USDT0.0000%8h$4.8M$18.2M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$42K10xas long as short
RISEx MSTR/USDC+0.0017%1h$295K$467K10xas long as short
Lighter MSTR+0.0032%1h$3.6M$2.6M10xas long as short
Extended MSTR_24_5-USDshort+0.0032%1h$495K$2.1M10x
QFEX MSTR-USD+0.0041%1h$1.3M$9.4M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$404K$2.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h$824K$4.6M10xas long as short
tradeXYZ xyz:MSTR+0.0056%1h$56.6M$32.0M10xas long as short
Paradex MSTR-USD-PERP+0.0080%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$130K$1.6M50xas 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
edgeX MSTRUSDC+0.0197%4h$49K$5.0M10xas long as short
Variational Omni MSTR+0.0197%8h$1.3M$2.2M—as long as short
OKX MSTR-USDT-SWAP+0.0208%8h$22.5M$101.5M50xas long as short
Phoenix MSTRlong+0.0215%1h$55K$379K10x
Aster MSTRUSDT+0.0241%8h$1.3M$6.0M50xas long as short
Binance MSTRUSDT+0.0241%8h$90.9M$567.6M50xas long as short
Injective MSTR/USDC PERP+0.0249%1h$12K$68K30xas long as short
Bybit MSTRUSDT+0.0254%8h$15.4M$41.5M50xas long as short
Bitget MSTRUSDT+0.0271%8h$28.7M$111.7M25xas long as short
BloFin MSTR-USDT+0.0364%8h$1.1M$1.5M20xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0471%1h$283K$455K10xas long as short
Arcus MSTR-USD+0.0599%1h$26K$130K10xas long as short