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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
Measured
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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.

Alert: spread
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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 you earn now, next payment 07:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.06 per $10,000 · paid last 24h +0.014%
Price spread now: Aevo against QFEX+0.018%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on QFEXShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSTR-USD163.690.0057pay 0.0007% / 1h14m 36s$1.3M$7.2M10x
ShortAevo MSTR-PERP163.720.0104get 0.0013% / 1h14m 36s$136—10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against QFEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$9.93
Price spread: +0.018% → 0.000%
$1.77
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$14.3
Costs to cover
0.260%
Break-even
17.1 days
Slippage unknown: QFEX: live order book, 4 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 4 min ago1.22 bp6.2 bp −$67.0 bp −$70doesn't fitdoesn't fit
Sell Aevo no order-book sample—————
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0730%8h163.77+0.049%$29.2M$118.7M25xas long as short
Gate MSTR_USDT0.0000%8h163.67−0.012%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.77+0.049%$2.8M$79K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.47−0.134%$511K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.452%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.77+0.049%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.70+0.006%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.64−0.031%$379K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.56−0.079%$850K$3.9M10xas long as short
Aster MSTRUSDT+0.0053%8h163.52−0.102%$1.8M$8.7M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USDlong+0.0057%1h163.69long leg$1.3M$7.2M10x
Pacifica MSTR+0.0100%1h163.63−0.037%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.59−0.061%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.74+0.031%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.72+0.018%$2K$13K10xas long as short
Aevo MSTR-PERPshort+0.0104%1h163.72+0.018%$136—10x
SoDEX MSTR-USD+0.0108%1h163.690.000%$43K$3K10xas long as short
Lighter MSTR+0.0112%1h163.58−0.067%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.326%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0163%8h163.59−0.063%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0165%8h163.64−0.031%$20.8M$100.3M50xas long as short
Variational Omni MSTR+0.0175%8h163.69−0.002%$1.2M$2.1M—as long as short
tradeXYZ xyz:MSTR+0.0245%1h163.57−0.073%$54.2M$37.2M10xas long as short
Binance MSTRUSDT+0.0250%8h163.63−0.036%$84.1M$626.7M50xas long as short
GRVT MSTR_USDT_Perp+0.0267%8h163.79+0.063%$84K$878K10xas long as short
Phoenix MSTR+0.0328%1h163.73+0.023%$56K$223K10xas long as short
Nado MSTR-PERP+0.0361%1h163.66−0.021%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0370%8h163.77+0.049%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.67−0.012%$265K$425K10xas long as short
Bybit MSTRUSDT+0.0386%8h163.66−0.018%$17.1M$41.9M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0422%1h163.72+0.018%$278K$437K10xas long as short
edgeX MSTRUSDC+0.0874%4h163.79+0.062%$46K$5.4M10xas long as short