MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0281%/8h= +30.8% APRnext payment +$2.81 per $10,000 · paid last 24h +0.034%

Price spread now: Binance against KuCoin+0.039%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$860.856% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 7 days+0.033%+$3 · spread now +0.039%, 7d avg +0.060%

Together, before fees+0.163%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.021% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.060%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.130% in total) that is about 27 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.81 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSTRUSDTM	165.94	0.0100	pay 0.0100% / 8h	6h 57m	$2.4M	$2.7M	20x
Short	Binance MSTRUSDT	166.01	0.0381	get 0.0381% / 8h	6h 57m	$86.6M	$588.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.039%Rate

Funding earned: $59.02
Price spread: +0.039% → +0.060%: −$2.09
Slippage, 4 orders: −$63.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$28.69
Costs to cover: 0.856%
Break-even: 10.4 days

Slippage from KuCoin: live order book, 9 min ago; Binance: live order book, 1 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 KuCoin live order book, 9 min ago	2.69 bp	49.4 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.30 bp	6.0 bp −$6	9.4 bp −$94	28.3 bp −$2,832	133.4 bp −$66.7K

MSTR on 32 venues

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	166.16	+0.133%	$4.9M	$17.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.21	+0.163%	$31.3M	$112.8M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.11	+0.102%	$2.8M	$84K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.88	−0.039%	$539K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.25	+0.187%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.09	+0.090%	$384K	$2.5M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	166.25	+0.187%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.71	−0.139%	$926K	$3.5M	10x	as long as short
QFEX MSTR-USD	+0.0076%	1h	166.09	+0.090%	$1.3M	$6.8M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	166.05	+0.064%	$102K	$88K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MSTRUSDTMlong	+0.0100%	8h	165.94	long leg	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	166.50	+0.337%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.40	+0.277%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.37	+0.258%	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	166.23	+0.175%	$1.4M	$642K	10x	as long as short
Nado MSTR-PERP	+0.0132%	1h	166.08	+0.081%	$127K	$143K	3x	as long as short
Lighter MSTR	+0.0176%	1h	166.02	+0.048%	$3.5M	$1.7M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0184%	8h	166.00	+0.035%	$66	—	5x	as long as short
Aster MSTRUSDT	+0.0189%	8h	166.05	+0.065%	$1.8M	$8.6M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0276%	8h	166.22	+0.169%	$21.7M	$92.0M	50x	as long as short
Variational Omni MSTR	+0.0308%	8h	166.59	+0.394%	$1.2M	$1.8M	—	as long as short
tradeXYZ xyz:MSTR	+0.0324%	1h	165.91	−0.018%	$54.8M	$36.2M	10x	as long as short
Binance MSTRUSDTshort	+0.0381%	8h	166.01	+0.039%	$86.6M	$588.7M	50x
Injective MSTR/USDC PERP	+0.0440%	1h	162.61	−2.007%	$7K	$26K	30x	as long as short
Phoenix MSTR	+0.0460%	1h	166.84	+0.545%	$56K	$215K	10x	as long as short
BloFin MSTR-USDT	+0.0507%	8h	166.49	+0.331%	$1.1M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0570%	8h	166.15	+0.127%	$17.2M	$40.3M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0593%	1h	166.31	+0.223%	$283K	$280K	10x	as long as short
RISEx MSTR/USDC	+0.0598%	1h	166.10	+0.099%	$271K	$382K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0669%	8h	166.65	+0.428%	$82K	$844K	10x	as long as short
edgeX MSTRUSDC	+0.0709%	4h	166.62	+0.412%	$49K	$5.4M	10x	as long as short
Arcus MSTR-USD	+0.0942%	1h	166.20	+0.157%	$26K	$102K	10x	as long as short