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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.0456%/8h= −49.9% APRpaid last 24h −0.072%
Price spread now: Arcus against edgeX+0.112%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$420.425% of the position
Long on edgeXShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.004%$0 on $10k
Price spread, last 4 days (all we have)−1.056%−$106 · spread now +0.112%, 7d avg −0.034%
Together, before fees−1.060%+ Points / potential airdropedgeX: Active · farm board−$106 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.146% dearer against edgeX than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of −0.034%): +$15 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 4 days (−0.004% in total) that is about 5 months.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.004% in total (about -0.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX MSTRUSDC163.670.0496pay 0.0248% / 4h2h 48m$48K$5.4M10x
ShortArcus MSTR-USD163.850.0040get 0.0005% / 1h48m 49s$26K$109K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against edgeX. 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
−$95.71
Price spread: +0.112% → −0.034%
$14.58
Slippage, 4 orders
−$28.99
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$123.63
Costs to cover
0.425%
Break-even
never at this rate
Slippage from edgeX: live order book, 5 min ago; Arcus: live order book, 64 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 edgeX live order book, 5 min ago5.80 bp10.7 bp −$1117.0 bp −$170doesn't fitdoesn't fit
Sell Arcus live order book, 64 min ago6.07 bp11.0 bp −$1133.0 bp −$330doesn'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−0.0973%8h163.96+0.179%$27.1M$117.0M25xas long as short
Aster MSTRUSDT0.0000%8h163.84+0.103%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.86+0.118%$4.6M$19.2M50xas long as short
Phemex MSTRUSDT0.0000%4h164.05+0.234%$2.8M$77K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.58−0.053%$596K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.466%$8K$26K30xas long as short
Arcus MSTR-USDshort+0.0040%1h163.85+0.112%$26K$109K10x
Vest MSTR-USD-PERP+0.0046%1h163.48−0.114%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.69+0.014%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.77+0.063%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h163.71+0.026%$830K$3.9M10xas long as short
QFEX MSTR-USD+0.0054%1h163.71+0.026%$1.4M$7.2M10xas long as short
OKX MSTR-USDT-SWAP+0.0067%8h163.88+0.130%$20.8M$99.8M50xas long as short
RISEx MSTR/USDC+0.0088%1h163.77+0.063%$266K$446K10xas long as short
Pacifica MSTR+0.0100%1h163.74+0.045%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.66−0.004%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.69+0.014%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.74+0.045%$4K$8K10xas long as short
Variational Omni MSTR+0.0103%8h163.88+0.128%$1.2M$2.1M—as long as short
Aevo MSTR-PERP+0.0104%1h163.76+0.060%$136—10xas long as short
Paradex MSTR-USD-PERP+0.0111%8h163.71+0.025%$65—5xas long as short
GRVT MSTR_USDT_Perp+0.0168%8h163.91+0.148%$79K$838K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.059%$1.4M$1.1M10xas long as short
Binance MSTRUSDT+0.0171%8h163.86+0.118%$85.8M$619.5M50xas long as short
Lighter MSTR+0.0232%1h163.80+0.081%$3.5M$1.9M10xas long as short
BloFin MSTR-USDT+0.0291%8h163.79+0.075%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0333%8h163.89+0.136%$16.7M$41.2M50xas long as short
Nado MSTR-PERP+0.0342%1h163.60−0.038%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0353%1h163.79+0.075%$54.5M$37.1M10xas long as short
Phoenix MSTR+0.0362%1h163.90+0.142%$56K$226K10xas long as short
edgeX MSTRUSDClong+0.0496%4h163.67long leg$48K$5.4M10x
Deribit MSTR_USDC-PERPETUAL+0.0973%1h163.74+0.045%$278K$438K10xas long as short