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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−0.0083%/8h
next payment, per $10,000−$0.10paid, last 24h+0.046%paid, last 3 days−0.027%to open and close $10k−$64
Long on QFEXShort on Nado
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSTR-USD165.570.0041pay 0.0005% / 1h28m 55s$1.3M$9.5M10x
ShortNado MSTR-PERP165.55−0.0042pay 0.0005% / 1h28m 55s$124K$243K3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$17.45
Slippage, 4 orders
−$47.26
Fee QFEX: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$81.72
Break-even
never at this rate
Slippage from QFEX: live order book, 7 min ago; Nado: live order book, 10 min ago.

Price risk

price view
Price gap now
−0.010%
Avg gap 7d
+0.004%
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, 7 min ago1.20 bp6.2 bp −$68.2 bp −$8211.9 bp −$1,191doesn't fit
Sell Nado live order book, 10 min ago7.51 bp28.2 bp −$2882.7 bp −$827doesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Nado MSTR-PERPshort−0.0042%1h$124K$243K3x
Gate MSTR_USDT0.0000%8h$4.8M$18.5M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$43K10xas long as short
RISEx MSTR/USDC+0.0017%1h$285K$468K10xas long as short
Lighter MSTR+0.0032%1h$3.5M$2.6M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$491K$2.0M10xas long as short
QFEX MSTR-USDlong+0.0041%1h$1.3M$9.5M10x
Vest MSTR-USD-PERP+0.0046%1h—$1.8M25xas long as short
tradeXYZ xyz:MSTR+0.0050%1h$56.0M$32.3M10xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$401K$2.3M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
SoDEX MSTR-USD+0.0050%1h$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$755K$4.7M10xas long as short
Paradex MSTR-USD-PERP+0.0068%8h$66—5xas long as short
Pacifica MSTR+0.0100%1h$101K$153K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h$2.5M$2.6M20xas 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$137—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.1M10xas long as short
Bybit MSTRUSDT+0.0134%8h$15.4M$41.7M50xas long as short
Variational Omni MSTR+0.0149%8h$1.2M$2.2M—as long as short
OKX MSTR-USDT-SWAP+0.0163%8h$22.1M$102.2M50xas long as short
Aster MSTRUSDT+0.0198%8h$1.3M$6.1M50xas long as short
Binance MSTRUSDT+0.0203%8h$87.9M$579.7M50xas long as short
Phoenix MSTR+0.0215%1h$54K$388K10xas long as short
Bitget MSTRUSDT+0.0235%8h$28.5M$112.2M25xas long as short
Injective MSTR/USDC PERP+0.0249%1h$12K$68K30xas long as short
BloFin MSTR-USDT+0.0323%8h$1.1M$1.5M20xas long as short
edgeX MSTRUSDC+0.0581%4h$45K$5.1M10xas long as short
Arcus MSTR-USD+0.0599%1h$27K$130K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0658%1h$281K$455K10xas long as short