Settings8H · net · $10k
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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.020%
Price spread now: tradeXYZ against Bybit0.000%7-day average −0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Long on BybitShort on tradeXYZ
What this pair did over the last
the charts below follow
Funding, last 7 days+0.076%+$8 on $10k
Price spread, last 7 days−0.048%−$5 · spread now 0.000%, 7d avg −0.071%
Together, before fees+0.028%+ Points / potential airdroptradeXYZ: Active · farm board+$3 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 tradeXYZ is 0.071% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MSTRUSDT163.110.0415pay 0.0415% / 8h33m 04s$17.1M$41.7M50x
ShorttradeXYZ xyz:MSTR163.110.0508get 0.0063% / 1h33m 04s$53.9M$37.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ against Bybit. 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
$19.49
Price spread: 0.000% → −0.071%
$7.12
Slippage, 4 orders
−$12.13
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$14.52
Costs to cover
0.411%
Break-even
12.2 days
Slippage from Bybit: live order book, 1 min ago; tradeXYZ: 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 Bybit live order book, 1 min ago1.23 bp10.6 bp −$1114.9 bp −$149136.8 bp −$13.7Kdoesn't fit
Sell tradeXYZ live order book, 6 min ago0.61 bp11.7 bp −$1213.7 bp −$137doesn'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−0.0389%8h163.29+0.110%$29.4M$119.1M25xas long as short
Gate MSTR_USDT0.0000%8h163.22+0.067%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.25+0.086%$2.7M$83K10xas long as short
edgeX MSTRUSDC+0.0005%4h163.47+0.224%$46K$5.4M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h162.89−0.132%$502K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.820%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.47+0.221%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.00−0.067%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.12+0.006%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.12+0.006%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h162.98−0.080%$864K$3.7M10xas long as short
QFEX MSTR-USD+0.0067%1h163.13+0.012%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0080%8h163.16+0.031%$1.8M$8.7M50xas long as short
Lighter MSTR+0.0096%1h163.12+0.006%$3.5M$2.0M10xas long as short
Pacifica MSTR+0.0100%1h163.17+0.037%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.15+0.025%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.08−0.018%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.17+0.037%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.16+0.028%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−0.975%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0167%8h163.13+0.014%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0202%8h163.10−0.006%$20.8M$99.8M50xas long as short
Variational Omni MSTR+0.0203%8h163.25+0.088%$1.2M$2.0M—as long as short
Nado MSTR-PERP+0.0266%1h163.03−0.046%$125K$165K3xas long as short
Binance MSTRUSDT+0.0275%8h163.08−0.018%$84.1M$621.3M50xas long as short
GRVT MSTR_USDT_Perp+0.0281%8h163.33+0.135%$85K$836K10xas long as short
Phoenix MSTR+0.0357%1h163.26+0.093%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0395%8h163.14+0.018%$1.0M$2.1M20xas long as short
Bybit MSTRUSDTlong+0.0415%8h163.11long leg$17.1M$41.7M50x
RISEx MSTR/USDC+0.0493%1h163.23+0.075%$265K$417K10xas long as short
tradeXYZ xyz:MSTRshort+0.0508%1h163.110.000%$53.9M$37.6M10x
Deribit MSTR_USDC-PERPETUAL+0.0670%1h163.19+0.049%$278K$437K10xas long as short