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+0.0435%/8h
paid, last 24h+0.090%paid, last 3 days+0.428%to open and close $10k−$29
Long on QFEXShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSTR-USD166.670.0057pay 0.0007% / 1h32m 09s$1.3M$9.2M10x
ShortBloFin MSTR-USDT166.790.0492get 0.0492% / 8h32m 09s$1.1M$1.4M20x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$91.44
Slippage, 4 orders
−$6.89
Fee QFEX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$62.55
Break-even
2.2 days
Slippage from QFEX: live order book, 3 min ago; BloFin: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.072%
Avg gap 7d
+0.020%
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 QFEX live order book, 3 min ago1.80 bp6.8 bp −$76.8 bp −$6811.7 bp −$1,170doesn't fit
Sell BloFin live order book, 2 min ago0.90 bp8.3 bp −$812.3 bp −$12328.4 bp −$2,843doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$4.9M$18.7M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$36K10xas long as short
Injective MSTR/USDC PERP+0.0033%1h$12K$97K30xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.6M25xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$912K$4.6M10xas long as short
Polymarket Perps MSTR-USD+0.0054%1h$408K$2.1M10xas long as short
QFEX MSTR-USDlong+0.0057%1h$1.3M$9.2M10x
Nado MSTR-PERP+0.0060%1h$128K$260K3xas long as short
Extended MSTR_24_5-USD+0.0088%1h$508K$2.2M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica MSTR+0.0100%1h$102K$164K10xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$133K$2.0M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.2M10xas long as short
Paradex MSTR-USD-PERP+0.0127%8h$67—5xas long as short
Lighter MSTR+0.0144%1h$3.6M$2.9M10xas long as short
KuCoin MSTRUSDTM+0.0161%8h$2.6M$2.6M20xas long as short
Phoenix MSTR+0.0216%1h$56K$364K10xas long as short
tradeXYZ xyz:MSTR+0.0226%1h$57.1M$31.6M10xas long as short
Bybit MSTRUSDT+0.0244%8h$15.5M$43.5M50xas long as short
Variational Omni MSTR+0.0312%8h$1.3M$2.2M—as long as short
OKX MSTR-USDT-SWAP+0.0314%8h$22.2M$100.7M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0351%1h$283K$460K10xas long as short
Bitget MSTRUSDT+0.0367%8h$29.1M$110.3M25xas long as short
Binance MSTRUSDT+0.0371%8h$88.9M$533.7M50xas long as short
Aster MSTRUSDT+0.0382%8h$1.3M$5.9M50xas long as short
RISEx MSTR/USDC+0.0486%1h$304K$460K10xas long as short
BloFin MSTR-USDTshort+0.0492%8h$1.1M$1.4M20x
edgeX MSTRUSDC+0.0496%4h$63K$4.6M10xas long as short
Arcus MSTR-USD+0.0705%1h$26K$126K10xas long as short