data as of
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Funding arb /

MSTR

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Funding spread now, next payment 15:00 UTC+0.0303%/8h
paid, last 24h+0.053%paid, last 3 days+0.227%to open and close $10k−$26
Long on QFEXShort on OKX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSTR-USD166.600.0057pay 0.0007% / 1h24m 10s$1.3M$8.9M10x
ShortOKX MSTR-USDT-SWAP166.410.0360get 0.0360% / 8h1h 24m$21.9M$97.2M50x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$63.56
Slippage, 4 orders
−$5.55
Fee QFEX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
$38
Break-even
2.8 days
Slippage from QFEX: live order book, 6 min ago; OKX: live order book, 1 min ago.

Price risk

price view
Price gap now
−0.114%
Avg gap 7d
+0.054%
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, 6 min ago1.20 bp6.2 bp −$67.1 bp −$7111.5 bp −$1,153doesn't fit
Sell OKX live order book, 1 min ago0.30 bp6.2 bp −$67.5 bp −$7529.7 bp −$2,969doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective MSTR/USDC PERP−0.0440%1h$12K$123K30xas long as short
Gate MSTR_USDT0.0000%8h$5.0M$18.6M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$30K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$503K$2.3M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.3M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$421K$1.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$865K$4.4M10xas long as short
QFEX MSTR-USDlong+0.0057%1h$1.3M$8.9M10x
Nado MSTR-PERP+0.0094%1h$155K$245K3xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica MSTR+0.0100%1h$102K$176K10xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$132K$2.4M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$14K10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Paradex MSTR-USD-PERP+0.0121%8h$67—5xas long as short
KuCoin MSTRUSDTM+0.0151%8h$3.2M$2.1M20xas long as short
Coinbase International MSTR-PERP-INTX+0.0160%1h$1.5M$1.2M10xas long as short
Lighter MSTR+0.0192%1h$3.6M$2.9M10xas long as short
Bybit MSTRUSDT+0.0205%8h$15.8M$41.6M50xas long as short
tradeXYZ xyz:MSTR+0.0214%1h$56.8M$29.9M10xas long as short
Phoenix MSTR+0.0320%1h$54K$334K10xas long as short
Variational Omni MSTR+0.0336%8h$1.3M$2.1M—as long as short
OKX MSTR-USDT-SWAPshort+0.0360%8h$21.9M$97.2M50x
edgeX MSTRUSDC+0.0400%4h$61K$4.1M10xas long as short
Bitget MSTRUSDT+0.0401%8h$28.7M$106.4M25xas long as short
Binance MSTRUSDT+0.0414%8h$88.5M$482.9M50xas long as short
Aster MSTRUSDT+0.0443%8h$1.6M$5.0M50xas long as short
BloFin MSTR-USDT+0.0537%8h$1.1M$1.4M20xas long as short
RISEx MSTR/USDC+0.0566%1h$197K$392K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0652%1h$283K$450K10xas long as short
Arcus MSTR-USD+0.0991%1h$26K$121K10xas long as short