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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+0.0068%/8h= +7.4% APRpaid last 24h +0.013%
Price spread now: KuCoin against Extended+0.070%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$590.591% of the position
Long on ExtendedShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.158%−$16 on $10k
Price spread, last 7 days−0.064%−$6 · spread now +0.070%, 7d avg +0.056%
Together, before fees−0.222%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.158%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MSTR_24_5-USD163.320.0032pay 0.0004% / 1h45m 29s$596K$1.9M10x
ShortKuCoin MSTRUSDTM163.440.0100get 0.0100% / 8h2h 45m$2.4M$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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
$14.28
Price spread: +0.070% → +0.056%
$1.49
Slippage, 4 orders
−$42.12
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$43.35
Costs to cover
0.591%
Break-even
28.2 days
Slippage from Extended: live order book, 3 min ago; KuCoin: 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 Extended live order book, 3 min ago1.83 bp4.4 bp −$420.1 bp −$201doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago2.14 bp17.8 bp −$18doesn't fitdoesn'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−0.0966%8h163.69+0.223%$27.1M$117.1M25xas long as short
Aster MSTRUSDT0.0000%8h163.57+0.150%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.61+0.174%$4.6M$19.2M50xas long as short
Phemex MSTRUSDT0.0000%4h163.86+0.328%$2.8M$77K10xas long as short
Extended MSTR_24_5-USDlong+0.0032%1h163.32long leg$596K$1.9M10x
Injective MSTR/USDC PERP+0.0033%1h169.34+3.683%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.76+0.266%$26K$109K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.24−0.052%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.46+0.083%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.50+0.107%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h163.35+0.015%$829K$3.9M10xas long as short
QFEX MSTR-USD+0.0054%1h163.54+0.132%$1.4M$7.2M10xas long as short
edgeX MSTRUSDC+0.0054%4h163.77+0.273%$49K$5.4M10xas long as short
OKX MSTR-USDT-SWAP+0.0076%8h163.51+0.113%$20.8M$99.7M50xas long as short
RISEx MSTR/USDC+0.0088%1h163.56+0.146%$265K$446K10xas long as short
Pacifica MSTR+0.0100%1h163.51+0.116%$100K$83K10xas long as short
KuCoin MSTRUSDTMshort+0.0100%8h163.44+0.070%$2.4M$2.7M20x
ApeX Omni MSTRUSDT+0.0100%1h163.54+0.132%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.52+0.119%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.48+0.098%$136—10xas long as short
Variational Omni MSTR+0.0108%8h163.54+0.129%$1.2M$2.1M—as long as short
Paradex MSTR-USD-PERP+0.0121%8h163.51+0.116%$65—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57+0.150%$1.4M$1.1M10xas long as short
GRVT MSTR_USDT_Perp+0.0174%8h163.74+0.256%$79K$838K10xas long as short
Binance MSTRUSDT+0.0177%8h163.54+0.132%$85.7M$619.7M50xas long as short
Lighter MSTR+0.0208%1h163.41+0.052%$3.5M$1.9M10xas long as short
BloFin MSTR-USDT+0.0294%8h163.80+0.291%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0342%8h163.65+0.199%$16.7M$41.2M50xas long as short
tradeXYZ xyz:MSTR+0.0352%1h163.50+0.107%$54.4M$37.1M10xas long as short
Nado MSTR-PERP+0.0359%1h163.38+0.035%$121K$148K3xas long as short
Phoenix MSTR+0.0362%1h163.80+0.290%$56K$226K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0914%1h163.46+0.083%$278K$438K10xas long as short