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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC−0.0231%/8h= −25.3% APRpaid last 24h −0.073%
Price spread now: Gate against RISEx+0.027%7-day average −0.020% · 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−$38as in the Price arb table
costs, in and out, $10k−$430.426% of the position
Long on RISExShort on Gate
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.081%−$8 on $10k
Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.027%, 7d avg −0.020%
Together, before fees−0.119%−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.047% dearer against RISEx than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.020%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 4 days (−0.081% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.081% in total (about -8.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx MSTR/USDC163.900.0231pay 0.0029% / 1h6m 18s$266K$445K10x
ShortGate MSTR_USDT163.940get 0.0000% / 8h3h 06m$4.6M$19.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$48.46
Price spread: +0.027% → −0.020%
$4.65
Slippage, 4 orders
−$21.59
Fee RISEx: 3 bp × 2 orders
−$6
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$86.39
Costs to cover
0.426%
Break-even
never at this rate
Slippage from RISEx: live order book, 47 min ago; Gate: live order book, 2 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, 47 min ago2.73 bp5.7 bp −$66.6 bp −$66doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago2.14 bp15.8 bp −$1634.4 bp −$344doesn'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−0.0975%8h164.02+0.075%$27.1M$116.6M25xas long as short
Aster MSTRUSDT0.0000%8h163.92+0.017%$1.8M$8.6M50xas long as short
Gate MSTR_USDTshort0.0000%8h163.94+0.027%$4.6M$19.3M50x
Phemex MSTRUSDT0.0000%4h163.86−0.022%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.85−0.028%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.74−0.095%$599K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.321%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.84−0.034%$26K$110K10xas long as short
OKX MSTR-USDT-SWAP+0.0041%8h163.88−0.010%$20.7M$99.0M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.58−0.193%—$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.81−0.053%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.86−0.022%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.47−0.260%$817K$4.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.83−0.041%$1.4M$7.3M10xas long as short
Paradex MSTR-USD-PERP+0.0073%8h163.86−0.023%$66—5xas long as short
Variational Omni MSTR+0.0091%8h163.69−0.123%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.87−0.015%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.79−0.065%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.50−0.242%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.89−0.004%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.88−0.009%$136—10xas long as short
GRVT MSTR_USDT_Perp+0.0145%8h163.66−0.145%$83K$837K10xas long as short
Binance MSTRUSDT+0.0155%8h163.91+0.008%$86.0M$619.1M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.199%$1.4M$1.1M10xas long as short
RISEx MSTR/USDClong+0.0231%1h163.90long leg$266K$445K10x
Nado MSTR-PERP+0.0240%1h163.76−0.082%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0256%1h163.86−0.022%$54.6M$37.1M10xas long as short
BloFin MSTR-USDT+0.0274%8h163.82−0.047%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0316%8h163.96+0.039%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h163.78−0.071%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0686%4h163.69−0.125%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0727%1h163.97+0.045%$279K$438K10xas long as short