data as of
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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 16:00 UTC−0.0147%/8h
next payment, per $10,000−$1.47paid, last 24h−0.026%paid, last 3 days+0.103%to open and closeno order book
Long on Variational OmniShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni MSTR166.580.0312pay 0.0312% / 8h33m 10s$1.3M$2.2M—
ShortKuCoin MSTRUSDTM166.800.0165get 0.0165% / 8h33m 10s$2.6M$2.6M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$30.83
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$42.83
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; KuCoin: live order book, 10 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.133%
Avg gap 7d
−0.054%
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 Variational Omni RFQ quote, 2 min ago2.96 bpdoesn't fit15.5 bp −$155doesn't fitdoesn't fit
Sell KuCoin live order book, 10 min ago2.10 bp21.3 bp −$21doesn't fitdoesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$4.9M$18.7M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$36K10xas long as short
Injective MSTR/USDC PERP+0.0033%1h$12K$97K30xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.6M25xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$912K$4.6M10xas long as short
QFEX MSTR-USD+0.0057%1h$1.3M$9.2M10xas long as short
Polymarket Perps MSTR-USD+0.0058%1h$409K$2.1M10xas long as short
Nado MSTR-PERP+0.0060%1h$128K$260K3xas long as short
Extended MSTR_24_5-USD+0.0096%1h$508K$2.2M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica MSTR+0.0100%1h$102K$164K10xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$133K$2.0M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h$139—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.2M10xas long as short
Paradex MSTR-USD-PERP+0.0128%8h$67—5xas long as short
Lighter MSTR+0.0160%1h$3.6M$2.9M10xas long as short
KuCoin MSTRUSDTMshort+0.0165%8h$2.6M$2.6M20x
Phoenix MSTR+0.0216%1h$56K$364K10xas long as short
tradeXYZ xyz:MSTR+0.0232%1h$57.2M$31.6M10xas long as short
Bybit MSTRUSDT+0.0248%8h$15.6M$43.5M50xas long as short
Variational Omni MSTRlong+0.0312%8h$1.3M$2.2M—
OKX MSTR-USDT-SWAP+0.0315%8h$22.2M$100.7M50xas long as short
Bitget MSTRUSDT+0.0370%8h$29.1M$110.3M25xas long as short
Binance MSTRUSDT+0.0372%8h$89.1M$533.0M50xas long as short
Aster MSTRUSDT+0.0384%8h$1.3M$5.9M50xas long as short
RISEx MSTR/USDC+0.0486%1h$305K$460K10xas long as short
BloFin MSTR-USDT+0.0492%8h$1.1M$1.4M20xas long as short
edgeX MSTRUSDC+0.0496%4h$63K$4.6M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0529%1h$284K$456K10xas long as short
Arcus MSTR-USD+0.0705%1h$26K$126K10xas long as short