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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 08:00 UTC−0.0151%/8h= −16.5% APRpaid last 24h −0.002%
Price spread now: Binance against tradeXYZ−0.006%7-day average +0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$350.346% of the position
Long on tradeXYZShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.112%−$11 on $10k
Price spread, last 7 days+0.071%+$7 · spread now −0.006%, 7d avg +0.096%
Together, before fees−0.041%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.102% cheaper against tradeXYZ than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.096%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MSTR163.360.0422pay 0.0053% / 1h2m 55s$54.0M$37.7M10x
ShortBinance MSTRUSDT163.350.0270get 0.0270% / 8h2m 55s$84.0M$620.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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
−$31.72
Price spread: −0.006% → +0.096%
−$10.22
Slippage, 4 orders
−$6.62
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Binance: 5 bp × 2 orders
−$10
Net
−$76.57
Costs to cover
0.346%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; Binance: live order book, 11 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 tradeXYZ live order book, 7 min ago0.31 bp12.7 bp −$1315.5 bp −$155doesn't fitdoesn't fit
Sell Binance live order book, 11 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−0.0412%8h163.50+0.086%$29.5M$119.3M25xas long as short
Gate MSTR_USDT0.0000%8h163.40+0.024%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.37+0.006%$2.7M$84K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.22−0.083%$589K$2.1M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.661%$8K$26K30xas long as short
edgeX MSTRUSDC+0.0036%4h163.01−0.215%$46K$5.4M10xas long as short
Arcus MSTR-USD+0.0040%1h163.30−0.037%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.14−0.135%—$1.8M25xas long as short
Lighter MSTR+0.0048%1h163.26−0.061%$3.5M$2.0M10xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.26−0.061%$378K$2.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0050%1h163.33−0.018%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.20−0.098%$879K$3.7M10xas long as short
QFEX MSTR-USD+0.0067%1h163.29−0.043%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0076%8h163.25−0.066%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.33−0.020%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.17−0.116%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h162.90−0.282%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.29−0.043%$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.29−0.042%$136—10xas long as short
Paradex MSTR-USD-PERP+0.0132%8h163.33−0.019%$65—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h162.62−0.453%$1.4M$1.1M10xas long as short
Nado MSTR-PERP+0.0163%1h163.24−0.071%$125K$165K3xas long as short
Variational Omni MSTR+0.0196%8h163.14−0.133%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0202%8h163.42+0.037%$20.9M$100.0M50xas long as short
GRVT MSTR_USDT_Perp+0.0263%8h163.05−0.190%$82K$859K10xas long as short
Binance MSTRUSDTshort+0.0270%8h163.35−0.006%$84.0M$620.7M50x
Phoenix MSTR+0.0357%1h163.27−0.056%$55K$223K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0363%1h163.29−0.043%$278K$437K10xas long as short
BloFin MSTR-USDT+0.0390%8h163.37+0.006%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0400%8h163.34−0.012%$17.1M$41.7M50xas long as short
tradeXYZ xyz:MSTRlong+0.0422%1h163.36long leg$54.0M$37.7M10x
RISEx MSTR/USDC+0.0493%1h163.34−0.012%$268K$419K10xas long as short