MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.90 per $10,000 · paid last 24h −0.005%

Price spread now: KuCoin against Bitget+0.018%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.018%, 7d avg −0.043%

Together, before fees−0.105%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.060% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSTRUSDT	169.05	0.0010	pay 0.0010% / 8h	7h 52m	$28.6M	$115.3M	25x
Short	KuCoin MSTRUSDTM	169.08	0.0100	get 0.0100% / 8h	7h 52m	$2.5M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now +0.018%Rate

Funding earned: $18.9
Price spread: +0.018% → −0.043%: $6.03
Slippage, 4 orders: −$40.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.09
Costs to cover: 0.640%
Break-even: 21.5 days

Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 5 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 Bitget live order book, 2 min ago	0.29 bp	8.1 bp −$8	14.8 bp −$148	28.5 bp −$2,851	doesn't fit
Sell KuCoin live order book, 5 min ago	2.36 bp	22.9 bp −$23	doesn't fit	doesn't fit	doesn't fit

MSTR on 32 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
Nado MSTR-PERP	−0.0089%	1h	169.03	−0.013%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.89	−0.096%	$1.2M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	168.86	−0.112%	$15.2M	$39.8M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.83	−0.130%	$21.9M	$103.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.92	−0.077%	$4.7M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.88	−0.101%	$2.9M	$66K	10x	as long as short
Variational Omni MSTR	+0.0002%	8h	169.63	+0.344%	$1.2M	$2.4M	—	as long as short
Bitget MSTRUSDTlong	+0.0010%	8h	169.05	long leg	$28.6M	$115.3M	25x
Lighter MSTR	+0.0032%	1h	168.90	−0.089%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.95	−0.059%	$584K	$1.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0035%	1h	169.05	0.000%	$1.4M	$10.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	169.42	+0.219%	$27K	$119K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.30	+0.148%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.06	+0.006%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.99	−0.035%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.95	−0.059%	$765K	$5.0M	10x	as long as short
BloFin MSTR-USDT	+0.0069%	8h	169.25	+0.118%	$1.1M	$1.9M	20x	as long as short
Binance MSTRUSDT	+0.0075%	8h	168.83	−0.127%	$89.2M	$622.3M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.177%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0093%	8h	169.06	+0.006%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.07	+0.015%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	169.08	+0.018%	$2.5M	$2.8M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	169.62	+0.337%	$4K	$207K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.10	+0.030%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.31	+0.153%	$141	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0123%	1h	168.72	−0.195%	$57.0M	$35.5M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.172%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	169.17	+0.069%	$57K	$384K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0283%	1h	169.03	−0.012%	$287K	$438K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	169.16	+0.065%	$275K	$440K	10x	as long as short
edgeX MSTRUSDC	+0.0567%	4h	169.82	+0.454%	$48K	$5.5M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0570%	8h	169.80	+0.444%	$78K	$871K	10x	as long as short