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 18:00 UTC+0.0039%/8h
next payment, per $10,000+$0.05paid, last 24h+0.023%paid, last 3 days+0.380%to open and close $10k−$31
Long on QFEXShort on Coinbase International
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSTR-USD165.870.0065pay 0.0008% / 1h50m 46s$1.4M$9.7M10x
ShortCoinbase International MSTR-PERP-INTX164.720.0104get 0.0013% / 1h50m 46s$1.4M$1.1M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$8.11
Slippage, 4 orders
−$11.19
Fee QFEX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$23.08
Break-even
26.9 days
Slippage from QFEX: live order book, 5 min ago; Coinbase International: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.693%
Avg gap 7d
−0.052%
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, 5 min ago1.51 bp6.5 bp −$78.1 bp −$8111.2 bp −$1,118doesn't fit
Sell Coinbase International live order book, 4 min ago3.92 bp8.9 bp −$914.0 bp −$140doesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
RISEx MSTR/USDC0.0000%1h$285K$464K10xas long as short
Gate MSTR_USDT0.0000%8h$4.8M$18.5M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$45K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$574K$2.1M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$400K$2.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$779K$4.7M10xas long as short
Lighter MSTR+0.0056%1h$3.5M$2.6M10xas long as short
QFEX MSTR-USDlong+0.0065%1h$1.4M$9.7M10x
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica MSTR+0.0100%1h$101K$153K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h$2.6M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$4K$1.4M50xas 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-INTXshort+0.0104%1h$1.4M$1.1M10x
Paradex MSTR-USD-PERP+0.0105%8h$66—5xas long as short
tradeXYZ xyz:MSTR+0.0124%1h$56.2M$33.7M10xas long as short
Variational Omni MSTR+0.0132%8h$1.2M$2.4M—as long as short
Nado MSTR-PERP+0.0134%1h$124K$240K3xas long as short
OKX MSTR-USDT-SWAP+0.0148%8h$22.0M$101.9M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0172%1h$282K$488K10xas long as short
Aster MSTRUSDT+0.0176%8h$1.3M$6.1M50xas long as short
Injective MSTR/USDC PERP+0.0188%1h$12K$48K30xas long as short
Binance MSTRUSDT+0.0188%8h$88.0M$596.4M50xas long as short
Phoenix MSTR+0.0237%1h$55K$384K10xas long as short
Bitget MSTRUSDT+0.0242%8h$28.4M$112.9M25xas long as short
Bybit MSTRUSDT+0.0304%8h$15.4M$40.4M50xas long as short
BloFin MSTR-USDT+0.0308%8h$1.1M$1.6M20xas long as short
Arcus MSTR-USD+0.0553%1h$27K$119K10xas long as short
edgeX MSTRUSDC+0.0800%4h$44K$5.2M10xas long as short