data as of
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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 17:00 UTC+0.0092%/8h
next payment, per $10,000+$0.12paid, last 24h+0.109%paid, last 3 days+0.329%to open and close $10k−$33
Long on QFEXShort on tradeXYZ
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSTR-USD167.160.0041pay 0.0005% / 1h8m 05s$1.3M$9.4M10x
ShorttradeXYZ xyz:MSTR167.070.0133get 0.0017% / 1h8m 05s$57.1M$32.0M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$19.36
Slippage, 4 orders
−$4.68
Fee QFEX: 5 bp × 2 orders
−$10
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$13.33
Break-even
11.8 days
Slippage from QFEX: live order book, 7 min ago; tradeXYZ: live order book, 13 min ago.

Price risk

price view
Price gap now
−0.054%
Avg gap 7d
−0.021%
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 −$66.2 bp −$6210.4 bp −$1,043doesn't fit
Sell tradeXYZ live order book, 13 min ago0.30 bp10.2 bp −$1012.1 bp −$121doesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$4.9M$19.1M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$41K10xas long as short
Lighter MSTR+0.0032%1h$3.6M$2.8M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$497K$2.1M10xas long as short
QFEX MSTR-USDlong+0.0041%1h$1.3M$9.4M10x
Vest MSTR-USD-PERP+0.0046%1h—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$405K$2.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$887K$4.5M10xas long as short
Paradex MSTR-USD-PERP+0.0091%8h$67—5xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Nado MSTR-PERP+0.0098%1h$126K$252K3xas long as short
Pacifica MSTR+0.0100%1h$102K$152K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h$2.6M$2.6M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$130K$1.8M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Aevo MSTR-PERP+0.0104%1h$139—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.1M10xas long as short
tradeXYZ xyz:MSTRshort+0.0133%1h$57.1M$32.0M10x
Variational Omni MSTR+0.0218%8h$1.3M$2.3M—as long as short
Phoenix MSTR+0.0226%1h$56K$380K10xas long as short
OKX MSTR-USDT-SWAP+0.0234%8h$22.6M$101.6M50xas long as short
Aster MSTRUSDT+0.0270%8h$1.3M$6.0M50xas long as short
Binance MSTRUSDT+0.0270%8h$91.6M$564.8M50xas long as short
RISEx MSTR/USDC+0.0277%1h$300K$465K10xas long as short
Bitget MSTRUSDT+0.0301%8h$28.8M$111.5M25xas long as short
Injective MSTR/USDC PERP+0.0312%1h$12K$93K30xas long as short
Bybit MSTRUSDT+0.0325%8h$15.5M$41.4M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0408%1h$284K$455K10xas long as short
BloFin MSTR-USDT+0.0414%8h$1.1M$1.5M20xas long as short
edgeX MSTRUSDC+0.0565%4h$43K$4.9M10xas long as short
Arcus MSTR-USD+0.0612%1h$26K$128K10xas long as short