MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0213%/8h= −23.3% APRnext payment −$0.27 per $10,000 · paid last 24h −0.046%

Price spread now: QFEX against tradeXYZ+0.043%7-day average +0.023% · 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−$33as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.147%−$15 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.043%, 7d avg +0.023%

Together, before fees−0.181%+ Points / potential airdroptradeXYZ: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.020% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of +0.023%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	163.35	0.0270	pay 0.0034% / 1h	24m 21s	$54.2M	$37.1M	10x
Short	QFEX MSTR-USD	163.42	0.0057	get 0.0007% / 1h	24m 21s	$1.3M	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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

Position, each leg$Hold fordaysFee tradeXYZbpFee QFEXbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$44.77
Price spread: +0.043% → +0.023%: $2.01
Slippage, 4 orders: −$6.62
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$77.38
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; QFEX: live order book, 10 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, 5 min ago	0.31 bp	11.0 bp −$11	13.7 bp −$137	doesn't fit	doesn't fit
Sell QFEX live order book, 10 min ago	2.15 bp	7.2 bp −$7	7.8 bp −$78	16.7 bp −$1,670	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	−0.0902%	8h	163.60	+0.153%	$28.9M	$118.8M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.47	+0.073%	$4.7M	$19.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.66	+0.190%	$2.8M	$79K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.30	−0.031%	$508K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.667%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.26	−0.055%	$26K	$113K	10x	as long as short
Aster MSTRUSDT	+0.0041%	8h	163.20	−0.093%	$1.8M	$8.7M	50x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.22	−0.080%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.35	0.000%	$378K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.14	−0.129%	$857K	$3.9M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0053%	1h	163.44	+0.055%	$43K	$3K	10x	as long as short
QFEX MSTR-USDshort	+0.0057%	1h	163.42	+0.043%	$1.3M	$7.2M	10x
Pacifica MSTR	+0.0100%	1h	163.35	+0.003%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.24	−0.067%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.98	−0.227%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.41	+0.037%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.43	+0.047%	$136	—	10x	as long as short
Lighter MSTR	+0.0144%	1h	163.38	+0.018%	$3.5M	$2.0M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−1.120%	$1.4M	$1.1M	10x	as long as short
Variational Omni MSTR	+0.0158%	8h	163.34	−0.008%	$1.2M	$2.1M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0159%	8h	163.47	+0.073%	$20.8M	$100.6M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0168%	8h	163.35	0.000%	$65	—	5x	as long as short
Binance MSTRUSDT	+0.0239%	8h	163.42	+0.044%	$84.0M	$627.6M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0248%	8h	163.15	−0.122%	$77K	$878K	10x	as long as short
tradeXYZ xyz:MSTRlong	+0.0270%	1h	163.35	long leg	$54.2M	$37.1M	10x
Phoenix MSTR	+0.0328%	1h	162.77	−0.354%	$55K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0356%	8h	163.48	+0.080%	$1.0M	$2.1M	20x	as long as short
Nado MSTR-PERP	+0.0359%	1h	163.24	−0.068%	$130K	$157K	3x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	163.43	+0.049%	$265K	$428K	10x	as long as short
Bybit MSTRUSDT	+0.0385%	8h	163.49	+0.086%	$16.8M	$41.8M	50x	as long as short
edgeX MSTRUSDC	+0.0630%	4h	163.03	−0.194%	$46K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0975%	1h	163.42	+0.043%	$278K	$437K	10x	as long as short