Funding you earn now, next payment 02:00 UTC−0.0592%/8h= −64.8% APRpaid last 24h −0.033%
Price spread now: Gate against tradeXYZ−0.030%7-day average +0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 7 days+0.077%+$8 · spread now −0.030%, 7d avg +0.081%
=Together, before fees+0.167%+ Points / potential airdroptradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Gate is 0.112% cheaper against tradeXYZ than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.081%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.090%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSTR | 164.24 | 0.0353 | pay 0.0044% / 1h | 37m 11s | $55.3M | $36.3M | 10x |
| Short | Gate MSTR_USDT | 164.19 | −0.0239 | pay 0.0239% / 8h | 6h 37m | $4.6M | $18.9M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$124.3
- Price spread: −0.030% → +0.081%
- −$11.18
- Slippage, 4 orders
- −$19.21
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$187.69
- Costs to cover
- 0.522%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 12 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy tradeXYZ live order book, 12 min ago | 0.61 bp | 10.2 bp −$10 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 3.05 bp | 18.6 bp −$19 | 41.6 bp −$416 | doesn't fit | doesn't fit |
MSTR on 32 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0800% | 8h | 164.37 | +0.079% | $27.1M | $116.0M | 25x | as long as short |
| Gate MSTR_USDTshort | −0.0239% | 8h | 164.19 | −0.030% | $4.6M | $18.9M | 50x | |
| Aster MSTRUSDT | 0.0000% | 8h | 164.28 | +0.027% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.20 | −0.024% | $20.8M | $100.8M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 164.24 | −0.001% | $269K | $436K | 10x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 164.35 | +0.067% | $1.2M | $2.1M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 164.19 | −0.027% | $75K | $810K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.30 | +0.037% | $2.8M | $67K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0011% | 8h | 165.55 | +0.798% | $1.1M | $1.9M | 20x | as long as short |
| edgeX MSTRUSDC | +0.0016% | 4h | 163.85 | −0.239% | $48K | $5.5M | 10x | as long as short |
Show all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MSTRUSDT | +0.0018% | 8h | 164.18 | −0.037% | $87.2M | $626.7M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.93 | −0.189% | $596K | $2.0M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.23 | −0.006% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.02 | −0.134% | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.09 | −0.091% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.85 | −0.237% | $884K | $4.8M | 10x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 164.34 | +0.061% | $1.4M | $8.5M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.22 | −0.013% | $101K | $86K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.13 | −0.067% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.80 | −0.268% | $4K | $203K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.12 | −0.073% | $3K | $7K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.13 | −0.065% | $136 | — | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0122% | 1h | 164.25 | +0.006% | $381K | $2.7M | 10x | as long as short |
| Lighter MSTR | +0.0128% | 1h | 164.12 | −0.073% | $3.5M | $1.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0164% | 8h | 164.17 | −0.041% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.04 | −0.122% | $1.4M | $1.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +3.105% | $8K | $26K | 30x | as long as short |
| tradeXYZ xyz:MSTRlong | +0.0353% | 1h | 164.24 | long leg | $55.3M | $36.3M | 10x | |
| Phoenix MSTR | +0.0381% | 1h | 164.13 | −0.067% | $55K | $219K | 10x | as long as short |
| Nado MSTR-PERP | +0.0403% | 1h | 164.06 | −0.111% | $111K | $143K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0440% | 8h | 164.28 | +0.024% | $17.2M | $41.3M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0786% | 1h | 164.22 | −0.012% | $279K | $438K | 10x | as long as short |
tradeXYZ xyz:MSTR
Gate MSTR_USDT
Bitget MSTRUSDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDT
edgeX MSTRUSDC
Binance MSTRUSDT
Extended MSTR_24_5-USD
SoDEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Polymarket Perps MSTR-USD
Lighter MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Injective MSTR/USDC PERP
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL