Funding you earn now, next payment 05:00 UTC+0.0131%/8h= +14.3% APRpaid last 24h +0.080%
Price spread now: RISEx against KuCoin+0.054%7-day average +0.041% · 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−$56as in the Price arb table
costs, in and out, $10k−$570.572% of the position
Funding, last 4 days (all we have)+0.326%+$33 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.054%, 7d avg +0.041%
=The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: +$4 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 | 163.97 | 0.0100 | pay 0.0100% / 8h | 3h 38m | $2.4M | $2.7M | 20x |
| Short | RISEx MSTR/USDC | 164.06 | 0.0231 | get 0.0029% / 1h | 38m 26s | $266K | $445K | 10x |
KuCoin MSTRUSDTM
RISEx MSTR/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $27.46
- Price spread: +0.054% → +0.041%
- $1.37
- Slippage, 4 orders
- −$39.17
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$28.34
- Costs to cover
- 0.572%
- Break-even
- 14.2 days
Slippage from KuCoin: live order book, 3 min ago; RISEx: live order book, 15 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, 3 min ago | 2.44 bp | 26.8 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell RISEx live order book, 15 min ago | 2.73 bp | 5.7 bp −$6 | 7.0 bp −$70 | 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 | −0.0905% | 8h | 164.22 | +0.152% | $27.8M | $115.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.98 | +0.005% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.11 | +0.085% | $4.6M | $18.9M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.03 | +0.037% | $2.8M | $76K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.87 | −0.061% | $593K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.275% | $8K | $26K | 30x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0039% | 8h | 164.07 | +0.061% | $20.7M | $98.9M | 50x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.21 | +0.146% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.85 | −0.073% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.00 | +0.018% | $379K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
OKX MSTR-USDT-SWAP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USD | +0.0050% | 1h | 163.96 | −0.006% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.86 | −0.067% | $853K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 164.07 | +0.061% | $1.4M | $7.3M | 10x | as long as short |
| Lighter MSTR | +0.0080% | 1h | 163.99 | +0.012% | $3.5M | $1.9M | 10x | as long as short |
| Variational Omni MSTR | +0.0094% | 8h | 164.16 | +0.114% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.03 | +0.037% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTMlong | +0.0100% | 8h | 163.97 | long leg | $2.4M | $2.7M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.24 | +0.165% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.90 | −0.043% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.93 | −0.024% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0142% | 8h | 164.03 | +0.036% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0158% | 8h | 164.17 | +0.122% | $75K | $803K | 10x | as long as short |
| Binance MSTRUSDT | +0.0161% | 8h | 164.12 | +0.091% | $86.7M | $616.0M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.96 | −0.006% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDCshort | +0.0231% | 1h | 164.06 | +0.054% | $266K | $445K | 10x | |
| tradeXYZ xyz:MSTR | +0.0265% | 1h | 164.04 | +0.043% | $54.6M | $37.0M | 10x | as long as short |
| Nado MSTR-PERP | +0.0266% | 1h | 163.90 | −0.040% | $121K | $148K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0279% | 8h | 164.12 | +0.091% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0332% | 8h | 164.14 | +0.104% | $16.7M | $40.8M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.21 | +0.148% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0742% | 4h | 164.11 | +0.086% | $49K | $5.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1093% | 1h | 164.00 | +0.018% | $279K | $438K | 10x | as long as short |
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Lighter MSTR
Variational Omni MSTR
Pacifica MSTR
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL