Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Phemex against KuCoin+0.049%7-day average +0.046% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.049%, 7d avg +0.046%
=The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSTRUSDTM | 163.14 | 0.0100 | pay 0.0100% / 8h | 34m 08s | $2.4M | $2.7M | 20x |
| Short | Phemex MSTRUSDT | 163.22 | 0 | get 0.0000% / 4h | 34m 08s | $2.7M | $82K | 10x |
KuCoin MSTRUSDTM
Phemex MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +0.049% → +0.046%
- $0.35
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$44.65
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 3 min ago; Phemex: live order book, 4 min ago. Net counts fees only.
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, 3 min ago | 1.53 bp | 25.4 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 4.88 bp | doesn't fit | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0384% | 8h | 163.36 | +0.135% | $29.5M | $119.1M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.17 | +0.018% | $4.7M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDTshort | 0.0000% | 4h | 163.22 | +0.049% | $2.7M | $82K | 10x | |
| edgeX MSTRUSDC | +0.0005% | 4h | 163.47 | +0.205% | $46K | $5.4M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.97 | −0.107% | $502K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.800% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.56 | +0.257% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.10 | −0.025% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.12 | −0.012% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.15 | +0.006% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
edgeX MSTRUSDC
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.03 | −0.067% | $864K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.12 | −0.012% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0080% | 8h | 163.17 | +0.018% | $1.8M | $8.7M | 50x | as long as short |
| Lighter MSTR | +0.0096% | 1h | 163.10 | −0.025% | $3.5M | $2.0M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.18 | +0.025% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTMlong | +0.0100% | 8h | 163.14 | long leg | $2.4M | $2.7M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.31 | +0.104% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.17 | +0.018% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.10 | −0.023% | $135 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 161.52 | −0.993% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0166% | 8h | 163.09 | −0.031% | $65 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0202% | 8h | 163.16 | +0.012% | $20.8M | $99.8M | 50x | as long as short |
| Variational Omni MSTR | +0.0203% | 8h | 163.25 | +0.069% | $1.2M | $2.0M | — | as long as short |
| Binance MSTRUSDT | +0.0274% | 8h | 163.17 | +0.021% | $84.1M | $621.4M | 50x | as long as short |
| Nado MSTR-PERP | +0.0274% | 1h | 162.99 | −0.089% | $125K | $165K | 3x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0282% | 8h | 163.75 | +0.373% | $85K | $849K | 10x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.61 | +0.286% | $56K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0393% | 8h | 163.23 | +0.055% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0413% | 8h | 163.14 | 0.000% | $17.1M | $41.7M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.29 | +0.091% | $265K | $417K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0510% | 1h | 163.11 | −0.018% | $53.9M | $37.6M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0977% | 1h | 163.19 | +0.031% | $278K | $437K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Aster MSTRUSDT
Lighter MSTR
Pacifica MSTR
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Binance MSTRUSDT
Nado MSTR-PERP
GRVT MSTR_USDT_Perp
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
Deribit MSTR_USDC-PERPETUAL