Settings8H · net · $10k
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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.21 per $10,000 · paid last 24h +0.093%
Price spread now: RISEx against QFEX+0.040%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Long on QFEXShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.328%+$33 on $10k
Price spread, last 4 days (all we have)+0.035%+$4 · spread now +0.040%, 7d avg +0.029%
Together, before fees+0.363%+$36 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSTR-USD163.680.0067pay 0.0008% / 1h3m 21s$1.4M$7.2M10x
ShortRISEx MSTR/USDC163.750.0231get 0.0029% / 1h3m 21s$266K$445K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$34.48
Price spread: +0.040% → +0.029%
$1.06
Slippage, 4 orders
−$7.91
Fee QFEX: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
$11.63
Costs to cover
0.239%
Break-even
4.6 days
Slippage from QFEX: live order book, 6 min ago; RISEx: live order book, 50 min ago.

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 ago1.22 bp6.2 bp −$66.8 bp −$68doesn't fitdoesn't fit
Sell RISEx live order book, 50 min ago2.73 bp5.7 bp −$67.0 bp −$70doesn't fitdoesn't fit

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−0.0969%8h163.86+0.110%$27.1M$116.6M25xas long as short
Aster MSTRUSDT0.0000%8h163.75+0.045%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.78+0.061%$4.6M$19.3M50xas long as short
Phemex MSTRUSDT0.0000%4h164.03+0.214%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.69+0.006%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.59−0.058%$599K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.458%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.91+0.141%$26K$109K10xas long as short
OKX MSTR-USDT-SWAP+0.0041%8h163.74+0.037%$20.7M$99.0M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.56−0.073%—$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.67−0.006%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.69+0.006%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.77+0.055%$817K$4.0M10xas long as short
QFEX MSTR-USDlong+0.0067%1h163.68long leg$1.4M$7.2M10x
Paradex MSTR-USD-PERP+0.0075%8h163.72+0.027%$65—5xas long as short
Variational Omni MSTR+0.0091%8h163.89+0.126%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.74+0.034%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.67−0.006%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.67−0.006%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.72+0.024%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.72+0.022%$136—10xas long as short
GRVT MSTR_USDT_Perp+0.0149%8h163.93+0.155%$83K$824K10xas long as short
Binance MSTRUSDT+0.0157%8h163.72+0.024%$85.8M$619.0M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.067%$1.4M$1.1M10xas long as short
RISEx MSTR/USDCshort+0.0231%1h163.75+0.040%$266K$445K10x
Nado MSTR-PERP+0.0238%1h163.70+0.014%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0253%1h163.71+0.018%$54.5M$37.1M10xas long as short
BloFin MSTR-USDT+0.0277%8h163.88+0.122%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0310%8h163.79+0.067%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h163.96+0.172%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0369%4h163.85+0.103%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0606%1h163.75+0.043%$278K$438K10xas long as short