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 13:00 UTC−0.0193%/8h
paid, last 24h−0.082%paid, last 7 days−0.346%to open and close $10k−$66
Long on PhoenixShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix MSTR164.930.0342pay 0.0043% / 1h27m 28s$55K$230K10x
ShortKuCoin MSTRUSDTM166.400.0149get 0.0149% / 8h2h 27m$2.5M$1.4M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$40.44
Slippage, 4 orders
−$47.32
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$106.76
Break-even
never at this rate
Slippage from Phoenix: live order book, 30 min ago; KuCoin: live order book, 6 min ago.

Price risk

price view
Price gap now
+0.891%
Avg gap 7d
−0.026%
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, 30 min ago3.90 bp11.9 bp −$1225.2 bp −$252doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago2.12 bp19.1 bp −$19doesn't fitdoesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$5.1M$17.0M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$26K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$505K$2.2M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.0M25xas long as short
SoDEX MSTR-USD+0.0050%1h$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$924K$4.1M10xas long as short
Polymarket Perps MSTR-USD+0.0059%1h$421K$1.4M10xas long as short
QFEX MSTR-USD+0.0070%1h$1.4M$8.7M10xas long as short
Lighter MSTR+0.0096%1h$3.6M$2.6M10xas long as short
Pacifica MSTR+0.0100%1h$103K$176K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni MSTRUSDT+0.0100%1h$132K$2.3M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$4K$10K10xas long as short
Aevo MSTR-PERP+0.0104%1h$137—10xas long as short
KuCoin MSTRUSDTMshort+0.0149%8h$2.5M$1.4M20x
Paradex MSTR-USD-PERP+0.0154%8h$67—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0176%1h$1.5M$1.2M10xas long as short
Bybit MSTRUSDT+0.0216%8h$16.3M$35.2M50xas long as short
Nado MSTR-PERP+0.0243%1h$154K$254K3xas long as short
Phoenix MSTRlong+0.0342%1h$55K$230K10x
Variational Omni MSTR+0.0414%8h$1.4M$1.8M—as long as short
Deribit MSTR_USDC-PERPETUAL+0.0415%1h$281K$518K10xas long as short
tradeXYZ xyz:MSTR+0.0416%1h$59.4M$22.0M10xas long as short
Injective MSTR/USDC PERP+0.0440%1h$12K$130K30xas long as short
OKX MSTR-USDT-SWAP+0.0449%8h$21.9M$80.2M50xas long as short
Bitget MSTRUSDT+0.0498%8h$32.9M$89.2M25xas long as short
Binance MSTRUSDT+0.0508%8h$88.6M$382.3M50xas long as short
Arcus MSTR-USD+0.0549%1h$30K$113K10xas long as short
Aster MSTRUSDT+0.0553%8h$1.9M$3.6M50xas long as short
BloFin MSTR-USDT+0.0662%8h$1.1M$1.2M20xas long as short
RISEx MSTR/USDC+0.0870%1h$250K$352K10xas long as short
edgeX MSTRUSDC+0.0946%4h$41K$3.1M10xas long as short