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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.039%
Price spread now: Binance against RISEx−0.031%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$200.198% of the position
Long on RISExShort on Binance
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.271%−$27 on $10k
Price spread, last 4 days (all we have)+0.904%+$90 · spread now −0.031%, 7d avg +0.034%
Together, before fees+0.633%+$63 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.065% cheaper against RISEx than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx MSTR/USDC163.200.0493pay 0.0062% / 1h9m 28s$268K$419K10x
ShortBinance MSTRUSDT163.150.0269get 0.0269% / 8h9m 28s$83.9M$620.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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
−$47.07
Price spread: −0.031% → +0.034%
−$6.51
Slippage, 4 orders
−$3.82
Fee RISEx: 3 bp × 2 orders
−$6
Fee Binance: 5 bp × 2 orders
−$10
Net
−$73.4
Costs to cover
0.198%
Break-even
never at this rate
Slippage from RISEx: live order book, 29 min ago; Binance: live order book, 4 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 RISEx live order book, 29 min ago0.61 bp3.6 bp −$45.2 bp −$52doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago0.31 bp6.8 bp −$711.6 bp −$11637.2 bp −$3,715doesn'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−0.0447%8h163.33+0.080%$29.5M$119.2M25xas long as short
Gate MSTR_USDT0.0000%8h163.22+0.012%$4.7M$19.6M50xas long as short
Phemex MSTRUSDT0.0000%4h163.16−0.024%$2.7M$84K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.00−0.119%$591K$2.1M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.762%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.15−0.030%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.00−0.122%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.12−0.049%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.13−0.043%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h162.93−0.165%$888K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MSTR+0.0056%1h163.12−0.049%$3.5M$2.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.13−0.043%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0074%8h163.14−0.038%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.12−0.047%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.08−0.073%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h162.94−0.159%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.19−0.006%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.20+0.003%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h162.62−0.355%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0137%8h163.12−0.052%$65—5xas long as short
Nado MSTR-PERP+0.0173%1h163.05−0.092%$125K$165K3xas long as short
Variational Omni MSTR+0.0197%8h163.01−0.117%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0200%8h163.17−0.018%$20.8M$99.8M50xas long as short
GRVT MSTR_USDT_Perp+0.0266%8h163.09−0.069%$82K$859K10xas long as short
Binance MSTRUSDTshort+0.0269%8h163.15−0.031%$83.9M$620.2M50x
Phoenix MSTR+0.0357%1h163.17−0.019%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0390%8h162.97−0.141%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0403%8h163.15−0.030%$17.1M$41.7M50xas long as short
tradeXYZ xyz:MSTR+0.0437%1h163.14−0.037%$53.9M$37.7M10xas long as short
RISEx MSTR/USDClong+0.0493%1h163.20long leg$268K$419K10x
edgeX MSTRUSDC+0.0541%4h163.03−0.105%$46K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0670%1h163.21+0.006%$278K$437K10xas long as short