Settings8H · net · $10k
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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0323%/8h= +35.3% APRpaid last 24h −0.029%
Price spread now: BloFin against Arcus+0.043%7-day average −0.007% · 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−$34as in the Price arb table
costs, in and out, $10k−$390.389% of the position
Long on ArcusShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.039%+$4 on $10k
Price spread, last 4 days (all we have)−0.045%−$5 · spread now +0.043%, 7d avg −0.007%
Together, before fees−0.006%−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.050% dearer against Arcus than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.007%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.039% in total (about 3.8% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus MSTR-USD163.340.0040pay 0.0005% / 1h22m 48s$26K$113K10x
ShortBloFin MSTR-USDT163.410.0363get 0.0363% / 8h1h 22m$1.0M$2.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Arcus. 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

Funding earned
$67.75
Price spread: +0.043% → −0.007%
$4.95
Slippage, 4 orders
−$22.36
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee BloFin: 6 bp × 2 orders
−$12
Net
$33.85
Costs to cover
0.389%
Break-even
3.5 days
Slippage from Arcus: live order book, 20 min ago; BloFin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 20 min ago7.06 bp10.9 bp −$1143.0 bp −$430doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago0.31 bp7.5 bp −$711.5 bp −$11526.3 bp −$2,635doesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0887%8h163.60+0.159%$29.0M$118.8M25xas long as short
Gate MSTR_USDT0.0000%8h163.47+0.080%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.55+0.129%$2.8M$79K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.29−0.031%$509K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.673%$8K$26K30xas long as short
Arcus MSTR-USDlong+0.0040%1h163.34long leg$26K$113K10x
Aster MSTRUSDT+0.0044%8h163.25−0.058%$1.8M$8.7M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.27−0.043%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.29−0.031%$378K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.21−0.080%$857K$3.9M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.44+0.061%$1.3M$7.2M10xas long as short
SoDEX MSTR-USD+0.0066%1h163.38+0.024%$43K$3K10xas long as short
Pacifica MSTR+0.0100%1h163.44+0.062%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.28−0.037%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h162.98−0.220%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.42+0.049%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.41+0.044%$136—10xas long as short
Lighter MSTR+0.0144%1h163.33−0.006%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.114%$1.4M$1.1M10xas long as short
Variational Omni MSTR+0.0158%8h163.34−0.002%$1.2M$2.1M—as long as short
OKX MSTR-USDT-SWAP+0.0160%8h163.40+0.037%$20.8M$100.5M50xas long as short
Paradex MSTR-USD-PERP+0.0171%8h163.48+0.088%$65—5xas long as short
Binance MSTRUSDT+0.0243%8h163.44+0.060%$84.0M$627.7M50xas long as short
GRVT MSTR_USDT_Perp+0.0248%8h163.15−0.116%$77K$878K10xas long as short
tradeXYZ xyz:MSTR+0.0263%1h163.36+0.012%$54.2M$37.1M10xas long as short
Phoenix MSTR+0.0328%1h163.35+0.009%$55K$223K10xas long as short
Nado MSTR-PERP+0.0362%1h163.32−0.014%$130K$157K3xas long as short
BloFin MSTR-USDTshort+0.0363%8h163.41+0.043%$1.0M$2.1M20x
RISEx MSTR/USDC+0.0381%1h163.41+0.040%$265K$428K10xas long as short
Bybit MSTRUSDT+0.0385%8h163.46+0.073%$16.8M$41.8M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0607%1h163.44+0.061%$278K$437K10xas long as short
edgeX MSTRUSDC+0.0630%4h163.03−0.188%$46K$5.4M10xas long as short