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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0472%/8h= +51.7% APRnext payment +$2.36 per $10,000 · paid last 24h +0.184%
Price spread now: edgeX against Phemex−0.043%7-day average −0.028% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on PhemexShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.238%+$24 on $10k
Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.043%, 7d avg −0.028%
Together, before fees+0.323%+ Points / potential airdropedgeX: Active · farm board+$32 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.238% in total (about 12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex MSTRUSDT163.480get 0.0000% / 4h58m 15s$2.8M$80K10x
ShortedgeX MSTRUSDC163.410.0472get 0.0236% / 4h58m 15s$46K$5.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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
$99.19
Price spread: −0.043% → −0.028%
−$1.5
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$76.69
Costs to cover
0.210%
Break-even
1.6 days
Slippage unknown: Phemex: live order book, 5 min ago; edgeX: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 5 min ago1.53 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 1 min ago5.51 bp10.4 bp −$1017.6 bp −$176doesn'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−0.0576%8h163.54+0.037%$29.1M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h163.41−0.043%$4.7M$19.3M50xas long as short
Phemex MSTRUSDTlong0.0000%4h163.48long leg$2.8M$80K10x
Extended MSTR_24_5-USD+0.0032%1h163.16−0.199%$507K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.585%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.58+0.061%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.23−0.153%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.25−0.141%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.37−0.067%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.37−0.067%$846K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MSTRUSDT+0.0066%8h163.24−0.144%$1.8M$8.7M50xas long as short
QFEX MSTR-USD+0.0067%1h163.35−0.080%$1.3M$7.2M10xas long as short
Pacifica MSTR+0.0100%1h163.39−0.056%$100K$88K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.30−0.110%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.20−0.171%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.38−0.061%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.38−0.061%$136—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−1.199%$1.4M$1.1M10xas long as short
Lighter MSTR+0.0144%1h163.30−0.110%$3.5M$2.0M10xas long as short
Paradex MSTR-USD-PERP+0.0173%8h163.31−0.107%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0185%8h163.37−0.067%$20.8M$100.0M50xas long as short
Variational Omni MSTR+0.0187%8h163.34−0.088%$1.2M$2.1M—as long as short
Binance MSTRUSDT+0.0261%8h163.37−0.067%$84.1M$624.7M50xas long as short
GRVT MSTR_USDT_Perp+0.0274%8h163.40−0.049%$76K$865K10xas long as short
Phoenix MSTR+0.0328%1h163.53+0.029%$56K$223K10xas long as short
BloFin MSTR-USDT+0.0381%8h163.43−0.031%$1.0M$2.1M20xas long as short
Nado MSTR-PERP+0.0397%1h163.20−0.174%$130K$157K3xas long as short
Bybit MSTRUSDT+0.0408%8h163.41−0.043%$17.1M$41.8M50xas long as short
edgeX MSTRUSDCshort+0.0472%4h163.41−0.043%$46K$5.4M10x
RISEx MSTR/USDC+0.0493%1h163.40−0.048%$266K$425K10xas long as short
tradeXYZ xyz:MSTR+0.0575%1h163.34−0.086%$54.0M$37.8M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0914%1h163.44−0.024%$278K$437K10xas long as short