Funding you earn now, next payment 03:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h +0.008%
Price spread now: tradeXYZ against Binance−0.028%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 2 days (all we have)−0.024%−$2 · spread now −0.028%, 7d avg −0.024%
=Together, before fees+0.083%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.106%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSTRUSDT | 164.13 | 0.0082 | pay 0.0082% / 8h | 5h 50m | $87.7M | $618.3M | 50x |
| Short | tradeXYZ xyz:MSTR | 164.08 | 0.0053 | get 0.0007% / 1h | 50m 13s | $55.0M | $36.6M | 10x |
Binance MSTRUSDT
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.05
- Price spread: −0.028% → −0.024%
- −$0.42
- Slippage, 4 orders
- −$3.03
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$37.49
- Costs to cover
- 0.310%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; tradeXYZ: live order book, 9 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 Binance live order book, 9 min ago | 0.30 bp | 5.5 bp −$5 | 9.9 bp −$99 | 28.4 bp −$2,837 | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 0.61 bp | 10.2 bp −$10 | 12.3 bp −$123 | doesn't fit | doesn't fit |
MSTR on 31 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 | −0.1227% | 8h | 164.37 | +0.149% | $27.5M | $114.4M | 25x | as long as short |
| Gate MSTR_USDT | −0.0039% | 8h | 164.17 | +0.027% | $4.6M | $18.4M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.15 | +0.017% | $1.4M | $7.9M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.13 | +0.003% | $20.8M | $98.9M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.27 | +0.088% | $2.8M | $70K | 10x | as long as short |
| Variational Omni MSTR | +0.0011% | 8h | 164.49 | +0.224% | $1.2M | $2.0M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.11 | −0.010% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.04 | −0.049% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.177% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.45 | +0.198% | $26K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.21 | +0.051% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.16 | +0.021% | $383K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.16 | +0.021% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.16 | +0.021% | $880K | $4.3M | 10x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0053% | 1h | 164.08 | −0.028% | $55.0M | $36.6M | 10x | |
| QFEX MSTR-USD | +0.0060% | 1h | 164.29 | +0.100% | $1.4M | $7.8M | 10x | as long as short |
| Binance MSTRUSDTlong | +0.0082% | 8h | 164.13 | long leg | $87.7M | $618.3M | 50x | |
| Pacifica MSTR | +0.0100% | 1h | 164.42 | +0.177% | $101K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.10 | −0.016% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.33 | +0.124% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.11 | −0.010% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.10 | −0.016% | $136 | — | 10x | as long as short |
| edgeX MSTRUSDC | +0.0137% | 4h | 164.24 | +0.068% | $50K | $5.4M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0141% | 8h | 164.43 | +0.186% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0159% | 8h | 164.46 | +0.203% | $77K | $772K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0177% | 1h | 164.14 | +0.009% | $279K | $438K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.022% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0208% | 1h | 164.19 | +0.041% | $122K | $149K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 164.33 | +0.122% | $269K | $447K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0332% | 8h | 164.21 | +0.051% | $17.0M | $40.7M | 50x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 164.25 | +0.079% | $55K | $227K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
edgeX MSTRUSDC
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Deribit MSTR_USDC-PERPETUAL
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
RISEx MSTR/USDC
Bybit MSTRUSDT
Phoenix MSTR