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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 08:00 UTC−0.0123%/8h= −13.5% APRnext payment −$1.23 per $10,000 · paid last 24h −0.013%
Price spread now: Gate against OKX+0.024%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$440.443% of the position
Long on OKXShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.173%+$17 on $10k
Price spread, last 7 days−0.017%−$2 · spread now +0.024%, 7d avg +0.007%
Together, before fees+0.156%+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.173%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MSTR-USDT-SWAP163.320.0123pay 0.0123% / 8h1h 49m$20.7M$100.6M50x
ShortGate MSTR_USDT163.360get 0.0000% / 8h1h 49m$4.7M$19.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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
−$25.86
Price spread: +0.024% → +0.007%
$1.73
Slippage, 4 orders
−$19.31
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$68.45
Costs to cover
0.443%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; Gate: live order book, 4 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 OKX live order book, 4 min ago0.31 bp8.5 bp −$912.6 bp −$126doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago1.84 bp14.4 bp −$1434.9 bp −$349doesn'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−0.0891%8h163.52+0.122%$28.7M$119.1M25xas long as short
Gate MSTR_USDTshort0.0000%8h163.36+0.024%$4.7M$19.5M50x
Phemex MSTRUSDT0.0000%4h163.48+0.098%$2.8M$78K10xas long as short
Aster MSTRUSDT+0.0017%8h163.30−0.011%$1.8M$8.7M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.12−0.126%$502K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.686%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.34+0.012%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.13−0.116%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.320.000%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.29−0.018%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h163.16−0.098%$842K$3.9M10xas long as short
QFEX MSTR-USD+0.0057%1h163.37+0.031%$1.3M$7.3M10xas long as short
Pacifica MSTR+0.0100%1h163.33+0.005%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.33+0.006%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.11−0.129%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.38+0.037%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.39+0.041%$136—10xas long as short
OKX MSTR-USDT-SWAPlong+0.0123%8h163.32long leg$20.7M$100.6M50x
Paradex MSTR-USD-PERP+0.0143%8h163.29−0.016%$65—5xas long as short
Variational Omni MSTR+0.0143%8h163.26−0.038%$1.2M$2.1M—as long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.102%$1.4M$1.1M10xas long as short
Lighter MSTR+0.0192%1h163.35+0.018%$3.5M$2.0M10xas long as short
tradeXYZ xyz:MSTR+0.0196%1h163.30−0.012%$54.1M$37.3M10xas long as short
Binance MSTRUSDT+0.0217%8h163.31−0.006%$83.8M$628.7M50xas long as short
edgeX MSTRUSDC+0.0223%4h163.25−0.043%$46K$5.4M10xas long as short
GRVT MSTR_USDT_Perp+0.0229%8h163.32−0.001%$83K$865K10xas long as short
Nado MSTR-PERP+0.0302%1h163.03−0.175%$130K$157K3xas long as short
Phoenix MSTR+0.0328%1h163.31−0.007%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0337%8h163.320.000%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0378%8h163.37+0.031%$16.8M$41.8M50xas long as short
RISEx MSTR/USDC+0.0381%1h163.37+0.030%$263K$437K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1098%1h163.43+0.067%$278K$437K10xas long as short