MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.90 per $10,000 · paid last 24h +0.005%

Price spread now: Bitget against KuCoin−0.018%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days+0.068%+$7 · spread now −0.018%, 7d avg +0.043%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.060% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSTRUSDTM	169.08	0.0100	pay 0.0100% / 8h	7h 52m	$2.5M	$2.8M	20x
Short	Bitget MSTRUSDT	169.05	0.0010	get 0.0010% / 8h	7h 52m	$28.6M	$115.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$18.9
Price spread: −0.018% → +0.043%: −$6.02
Slippage, 4 orders: −$40.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$88.94
Costs to cover: 0.640%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bitget: live order book, 2 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, 5 min ago	2.36 bp	22.9 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.29 bp	10.1 bp −$10	15.1 bp −$151	32.7 bp −$3,273	doesn't fit

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
Nado MSTR-PERP	−0.0089%	1h	169.03	−0.031%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.89	−0.114%	$1.2M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	168.86	−0.130%	$15.2M	$39.8M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.83	−0.148%	$21.9M	$103.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.92	−0.095%	$4.7M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.88	−0.118%	$2.9M	$66K	10x	as long as short
Variational Omni MSTR	+0.0002%	8h	169.63	+0.327%	$1.2M	$2.4M	—	as long as short
Bitget MSTRUSDTshort	+0.0010%	8h	169.05	−0.018%	$28.6M	$115.3M	25x
Lighter MSTR	+0.0032%	1h	168.90	−0.106%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.95	−0.077%	$584K	$1.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0035%	1h	169.05	−0.018%	$1.4M	$10.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	169.42	+0.201%	$27K	$119K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.30	+0.130%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.06	−0.012%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.99	−0.053%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.95	−0.077%	$765K	$5.0M	10x	as long as short
BloFin MSTR-USDT	+0.0069%	8h	169.25	+0.101%	$1.1M	$1.9M	20x	as long as short
Binance MSTRUSDT	+0.0075%	8h	168.83	−0.145%	$89.2M	$622.3M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.195%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0093%	8h	169.06	−0.011%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.07	−0.003%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0100%	8h	169.08	long leg	$2.5M	$2.8M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	169.62	+0.319%	$4K	$207K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.10	+0.012%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.31	+0.135%	$141	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0123%	1h	168.72	−0.213%	$57.0M	$35.5M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.154%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	169.17	+0.051%	$57K	$384K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0283%	1h	169.03	−0.030%	$287K	$438K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	169.16	+0.047%	$275K	$440K	10x	as long as short
edgeX MSTRUSDC	+0.0567%	4h	169.82	+0.436%	$48K	$5.5M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0570%	8h	169.80	+0.426%	$78K	$871K	10x	as long as short