MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0412%/8h= −45.1% APRnext payment −$4.12 per $10,000 · paid last 24h −0.056%

Price spread now: KuCoin against BloFin+0.006%80s7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$720.717% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.348%−$35 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now +0.006%, 7d avg −0.032%

Together, before fees−0.251%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.038% dearer against BloFin than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.032%): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.348% in total) that is about 18 hours. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSTR-USDT	166.01	0.0512	pay 0.0512% / 8h	6h 12m	$1.1M	$2.0M	20x
Short	KuCoin MSTRUSDTM	166.02	0.0100	get 0.0100% / 8h	6h 12m	$2.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$86.52
Price spread: +0.006% → −0.032%: $3.83
Slippage, 4 orders: −$47.69
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$154.38
Costs to cover: 0.717%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; KuCoin: live order book, 3 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 BloFin live order book, 4 min ago	0.60 bp	7.3 bp −$7	10.1 bp −$101	24.6 bp −$2,456	doesn't fit
Sell KuCoin live order book, 3 min ago	2.11 bp	22.0 bp −$22	doesn't fit	doesn't fit	doesn't fit

MSTR on 32 exchanges

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
Gate MSTR_USDT	0.0000%	8h	166.12	+0.066%	$4.9M	$18.4M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.12	+0.066%	$32.0M	$106.9M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.13	+0.072%	$2.8M	$85K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	166.00	−0.008%	$511K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.16	+0.090%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.00	−0.006%	$383K	$2.4M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	166.00	−0.006%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.86	−0.090%	$882K	$3.3M	10x	as long as short
Lighter MSTR	+0.0056%	1h	166.04	+0.018%	$3.5M	$1.8M	10x	as long as short
QFEX MSTR-USD	+0.0076%	1h	165.93	−0.048%	$1.3M	$6.3M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	165.89	−0.072%	$101K	$74K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	166.02	+0.006%	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	166.01	0.000%	$6K	$162K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.09	+0.048%	$3K	$10K	10x	as long as short
Nado MSTR-PERP	+0.0103%	1h	165.83	−0.109%	$127K	$133K	3x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.07	+0.035%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0105%	8h	165.97	−0.022%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	165.78	−0.139%	$1.4M	$393K	10x	as long as short
Aster MSTRUSDT	+0.0210%	8h	166.03	+0.012%	$1.8M	$7.0M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0276%	8h	166.03	+0.012%	$21.6M	$85.5M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0278%	1h	166.03	+0.012%	$54.8M	$34.8M	10x	as long as short
Bybit MSTRUSDT	+0.0282%	8h	166.08	+0.042%	$17.1M	$38.5M	50x	as long as short
Variational Omni MSTR	+0.0300%	8h	166.06	+0.030%	$1.2M	$1.7M	—	as long as short
Phoenix MSTR	+0.0355%	1h	165.98	−0.017%	$55K	$217K	10x	as long as short
Binance MSTRUSDT	+0.0392%	8h	166.05	+0.025%	$87.0M	$547.8M	50x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	165.22	−0.476%	$7K	$28K	30x	as long as short
GRVT MSTR_USDT_Perp	+0.0452%	8h	166.25	+0.144%	$78K	$842K	10x	as long as short
BloFin MSTR-USDTlong	+0.0512%	8h	166.01	long leg	$1.1M	$2.0M	20x
Deribit MSTR_USDC-PERPETUAL	+0.0594%	1h	166.07	+0.036%	$282K	$209K	10x	as long as short
RISEx MSTR/USDC	+0.0598%	1h	166.06	+0.027%	$274K	$353K	10x	as long as short
edgeX MSTRUSDC	+0.0681%	4h	166.08	+0.045%	$49K	$5.1M	10x	as long as short
Arcus MSTR-USD	+0.0942%	1h	166.11	+0.060%	$26K	$71K	10x	as long as short