Funding you earn now, next payment 16:00 UTC−0.0103%/8h= −11.3% APRnext payment −$1.03 per $10,000 · paid last 24h −0.039%
Price spread now: KuCoin against Bybit−0.018%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$640.642% of the position
Funding, last 7 days−0.178%−$18 on $10k
+Price spread, last 7 days−0.041%−$4 · spread now −0.018%, 7d avg −0.037%
=The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MSTRUSDT | 166.12 | 0.0203 | pay 0.0203% / 8h | 5h 45m | $17.1M | $37.9M | 50x |
| Short | KuCoin MSTRUSDTM | 166.09 | 0.0100 | get 0.0100% / 8h | 5h 45m | $2.4M | $2.7M | 20x |
Bybit MSTRUSDT
KuCoin MSTRUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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
- −$21.66
- Price spread: −0.018% → −0.037%
- $1.93
- Slippage, 4 orders
- −$41.15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$83.88
- Costs to cover
- 0.642%
- Break-even
- never at this rate
Slippage from Bybit: 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 Bybit live order book, 2 min ago | 0.30 bp | 9.4 bp −$9 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.41 bp | 23.5 bp −$23 | 68.2 bp −$682 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −0.0263% | 1h | 165.22 | −0.542% | $7K | $28K | 30x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 166.19 | +0.042% | $4.9M | $17.6M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 166.16 | +0.024% | $32.0M | $105.0M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 166.17 | +0.030% | $2.8M | $86K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 166.06 | −0.036% | $3.5M | $1.7M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 165.95 | −0.102% | $509K | $1.8M | 10x | as long as short |
| Nado MSTR-PERP | +0.0043% | 1h | 166.04 | −0.049% | $127K | $127K | 3x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 166.25 | +0.078% | — | $1.7M | 25x | as long as short |
| QFEX MSTR-USD | +0.0050% | 1h | 166.05 | −0.042% | $1.3M | $6.1M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 166.08 | −0.024% | $383K | $2.3M | 10x | as long as short |
Injective MSTR/USDC PERP
Gate MSTR_USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Nado MSTR-PERP
Vest MSTR-USD-PERP
QFEX MSTR-USD
Polymarket Perps MSTR-USDShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USD | +0.0050% | 1h | 166.11 | −0.006% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 165.91 | −0.126% | $870K | $3.3M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0072% | 1h | 165.78 | −0.205% | $1.4M | $364K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 166.06 | −0.034% | $101K | $74K | 10x | as long as short |
| KuCoin MSTRUSDTMshort | +0.0100% | 8h | 166.09 | −0.018% | $2.4M | $2.7M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 166.01 | −0.066% | $6K | $151K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 166.13 | +0.006% | $3K | $10K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 166.14 | +0.014% | $138 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0115% | 8h | 166.04 | −0.046% | $66 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0202% | 1h | 166.11 | −0.006% | $54.9M | $34.4M | 10x | as long as short |
| Bybit MSTRUSDTlong | +0.0203% | 8h | 166.12 | long leg | $17.1M | $37.9M | 50x | |
| Aster MSTRUSDT | +0.0284% | 8h | 166.14 | +0.012% | $1.8M | $7.0M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0292% | 1h | 166.07 | −0.030% | $282K | $204K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0296% | 8h | 166.20 | +0.048% | $21.6M | $83.3M | 50x | as long as short |
| Phoenix MSTR | +0.0322% | 1h | 166.29 | +0.101% | $56K | $213K | 10x | as long as short |
| Variational Omni MSTR | +0.0373% | 8h | 166.18 | +0.038% | $1.2M | $1.7M | — | as long as short |
| RISEx MSTR/USDC | +0.0436% | 1h | 166.13 | +0.009% | $274K | $350K | 10x | as long as short |
| Binance MSTRUSDT | +0.0468% | 8h | 166.11 | −0.008% | $87.1M | $533.9M | 50x | as long as short |
| BloFin MSTR-USDT | +0.0607% | 8h | 166.16 | +0.024% | $1.1M | $2.0M | 20x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0641% | 8h | 166.25 | +0.077% | $79K | $853K | 10x | as long as short |
| Arcus MSTR-USD | +0.0824% | 1h | 166.17 | +0.030% | $26K | $71K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0945% | 4h | 166.18 | +0.037% | $48K | $4.9M | 10x | as long as short |
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Coinbase International MSTR-PERP-INTX
Pacifica MSTR
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
Aster MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
OKX MSTR-USDT-SWAP
Phoenix MSTR
Variational Omni MSTR
RISEx MSTR/USDC
Binance MSTRUSDT
BloFin MSTR-USDT
GRVT MSTR_USDT_Perp
Arcus MSTR-USD
edgeX MSTRUSDC