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 14:00 UTC0.0000%/8h
paid, last 24h−0.080%paid, last 3 days−0.300%to open and closeno order book
Long on tradeXYZShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MSTR168.690.0415pay 0.0052% / 1h27m 14s$59.6M$22.2M10x
ShortVariational Omni MSTR164.680.0414get 0.0414% / 8h2h 27m$1.4M$1.8M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$0.04
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$18.04
Break-even
never at this rate
Slippage unknown: tradeXYZ: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Price risk

price view
Price gap now
−2.375%
Avg gap 7d
+0.088%
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, 3 min ago4.53 bp14.6 bp −$1521.7 bp −$217doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 3 min ago2.97 bpdoesn't fit19.3 bp −$193doesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$5.1M$17.1M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.9M$26K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$505K$2.2M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.0M25xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$924K$4.1M10xas long as short
Polymarket Perps MSTR-USD+0.0059%1h$421K$1.4M10xas long as short
QFEX MSTR-USD+0.0070%1h$1.4M$8.7M10xas long as short
Lighter MSTR+0.0088%1h$3.6M$2.6M10xas long as short
Pacifica MSTR+0.0100%1h$103K$176K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni MSTRUSDT+0.0100%1h$132K$2.3M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$4K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h$140—10xas long as short
KuCoin MSTRUSDTM+0.0149%8h$2.6M$1.5M20xas long as short
Paradex MSTR-USD-PERP+0.0154%8h$67—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0176%1h$1.5M$1.2M10xas long as short
Bybit MSTRUSDT+0.0216%8h$16.0M$35.3M50xas long as short
Nado MSTR-PERP+0.0243%1h$154K$254K3xas long as short
Phoenix MSTR+0.0342%1h$54K$230K10xas long as short
Variational Omni MSTRshort+0.0414%8h$1.4M$1.8M—
tradeXYZ xyz:MSTRlong+0.0415%1h$59.6M$22.2M10x
Injective MSTR/USDC PERP+0.0440%1h$12K$130K30xas long as short
OKX MSTR-USDT-SWAP+0.0447%8h$21.9M$80.3M50xas long as short
Bitget MSTRUSDT+0.0498%8h$32.8M$89.6M25xas long as short
Binance MSTRUSDT+0.0508%8h$88.5M$384.7M50xas long as short
Arcus MSTR-USD+0.0549%1h$30K$113K10xas long as short
Aster MSTRUSDT+0.0553%8h$1.9M$3.6M50xas long as short
BloFin MSTR-USDT+0.0660%8h$1.1M$1.2M20xas long as short
RISEx MSTR/USDC+0.0870%1h$250K$352K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0877%1h$286K$534K10xas long as short
edgeX MSTRUSDC+0.0946%4h$41K$3.1M10xas long as short