data as of
Settings8H · net · $10k
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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 15:00 UTC−0.0061%/8h
paid, last 24h−0.109%paid, last 7 days−0.199%to open and close $10k−$72
Long on tradeXYZShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MSTR165.070.0221pay 0.0028% / 1h18m 49s$56.3M$30.1M10x
ShortKuCoin MSTRUSDTM165.290.0160get 0.0160% / 8h1h 18m$3.2M$2.1M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$12.9
Slippage, 4 orders
−$41.97
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$84.88
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 12 min ago; KuCoin: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.133%
Avg gap 7d
+0.038%
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 tradeXYZ live order book, 12 min ago0.90 bp9.9 bp −$1012.1 bp −$121doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago2.40 bp28.3 bp −$28doesn't fitdoesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective MSTR/USDC PERP−0.0440%1h$12K$123K30xas long as short
Gate MSTR_USDT0.0000%8h$4.9M$18.7M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$30K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$501K$2.3M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.3M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$416K$1.8M10xas long as short
SoDEX MSTR-USD+0.0050%1h$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$869K$4.3M10xas long as short
QFEX MSTR-USD+0.0057%1h$1.3M$9.0M10xas long as short
Pacifica MSTR+0.0100%1h$101K$176K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni MSTRUSDT+0.0100%1h$132K$2.4M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$14K10xas long as short
Aevo MSTR-PERP+0.0104%1h$137—10xas long as short
Nado MSTR-PERP+0.0109%1h$154K$245K3xas long as short
Paradex MSTR-USD-PERP+0.0119%8h$66—5xas long as short
KuCoin MSTRUSDTMshort+0.0160%8h$3.2M$2.1M20x
Coinbase International MSTR-PERP-INTX+0.0160%1h$1.5M$1.2M10xas long as short
Lighter MSTR+0.0192%1h$3.6M$2.9M10xas long as short
Bybit MSTRUSDT+0.0197%8h$15.7M$41.9M50xas long as short
tradeXYZ xyz:MSTRlong+0.0221%1h$56.3M$30.1M10x
Phoenix MSTR+0.0320%1h$55K$334K10xas long as short
Variational Omni MSTR+0.0332%8h$1.3M$2.1M—as long as short
OKX MSTR-USDT-SWAP+0.0355%8h$21.8M$97.2M50xas long as short
Bitget MSTRUSDT+0.0394%8h$28.6M$106.8M25xas long as short
Binance MSTRUSDT+0.0410%8h$89.0M$486.1M50xas long as short
Aster MSTRUSDT+0.0434%8h$1.6M$5.2M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0477%1h$281K$450K10xas long as short
BloFin MSTR-USDT+0.0533%8h$1.1M$1.4M20xas long as short
RISEx MSTR/USDC+0.0566%1h$195K$392K10xas long as short
edgeX MSTRUSDC+0.0599%4h$63K$4.2M10xas long as short
Arcus MSTR-USD+0.0991%1h$26K$121K10xas long as short