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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 06:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.044%
Price spread now: QFEX against Binance−0.006%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$270.266% of the position
Long on BinanceShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.064%−$6 on $10k
Price spread, last 7 days−0.044%−$4 · spread now −0.006%, 7d avg −0.074%
Together, before fees−0.109%−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.068% dearer against Binance than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.074%): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 4 days (−0.064% in total) that is about 3.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MSTRUSDT163.880.0218pay 0.0218% / 8h2h 03m$84.1M$629.1M50x
ShortQFEX MSTR-USD163.870.0054get 0.0007% / 1h3m 01s$1.3M$7.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX against Binance. 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
−$34.53
Price spread: −0.006% → −0.074%
$6.78
Slippage, 4 orders
−$6.65
Fee Binance: 5 bp × 2 orders
−$10
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$54.39
Costs to cover
0.266%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; QFEX: live order book, 6 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 Binance live order book, 11 min ago0.31 bp6.0 bp −$69.0 bp −$9023.0 bp −$2,296doesn't fit
Sell QFEX live order book, 6 min ago2.13 bp7.1 bp −$78.0 bp −$80doesn't fitdoesn'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−0.0993%8h164.08+0.122%$28.5M$119.1M25xas long as short
Gate MSTR_USDT0.0000%8h163.91+0.018%$4.7M$19.8M50xas long as short
Phemex MSTRUSDT0.0000%4h163.51−0.226%$2.8M$78K10xas long as short
Aster MSTRUSDT+0.0016%8h163.83−0.028%$1.8M$8.7M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.70−0.110%$511K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.332%$8K$26K30xas long as short
Vest MSTR-USD-PERP+0.0036%1h163.87−0.006%—$1.8M25xas long as short
Arcus MSTR-USD+0.0040%1h164.01+0.079%$26K$113K10xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.81−0.043%$378K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.92+0.024%$853K$4.0M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USDshort+0.0054%1h163.87−0.006%$1.3M$7.3M10x
RISEx MSTR/USDC+0.0088%1h163.94+0.034%$264K$442K10xas long as short
Pacifica MSTR+0.0100%1h163.84−0.025%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.84−0.024%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.95+0.043%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.90+0.012%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.90+0.015%$136—10xas long as short
OKX MSTR-USDT-SWAP+0.0119%8h163.90+0.012%$20.8M$101.1M50xas long as short
Lighter MSTR+0.0120%1h163.84−0.024%$3.5M$2.0M10xas long as short
Paradex MSTR-USD-PERP+0.0142%8h163.82−0.036%$66—5xas long as short
Variational Omni MSTR+0.0147%8h164.18+0.181%$1.2M$2.1M—as long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h161.52−1.440%$1.4M$1.1M10xas long as short
Binance MSTRUSDTlong+0.0218%8h163.88long leg$84.1M$629.1M50x
tradeXYZ xyz:MSTR+0.0227%1h163.76−0.073%$54.3M$37.4M10xas long as short
GRVT MSTR_USDT_Perp+0.0236%8h164.07+0.118%$79K$854K10xas long as short
edgeX MSTRUSDC+0.0279%4h164.13+0.152%$46K$5.4M10xas long as short
Nado MSTR-PERP+0.0332%1h163.78−0.059%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0338%8h163.94+0.037%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0362%1h163.89+0.008%$56K$226K10xas long as short
Bybit MSTRUSDT+0.0372%8h163.91+0.018%$16.9M$41.9M50xas long as short
SoDEX MSTR-USD+0.0372%1h163.86−0.012%$43K$3K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0544%1h163.90+0.012%$279K$438K10xas long as short