Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC+0.0238%/8h= +26.0% APRpaid last 24h +0.065%
Price spread now: BloFin against QFEX−0.012%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Long on QFEXShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.162%+$16 on $10k
Price spread, last 4 days (all we have)−0.025%−$3 · spread now −0.012%, 7d avg +0.018%
Together, before fees+0.136%+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.031% cheaper against QFEX than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.018%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSTR-USD163.810.0054pay 0.0007% / 1h47m 59s$1.4M$7.2M10x
ShortBloFin MSTR-USDT163.790.0291get 0.0291% / 8h2h 47m$1.0M$2.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against QFEX. 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
$49.94
Price spread: −0.012% → +0.018%
−$3.07
Slippage, 4 orders
−$9.18
Fee QFEX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$15.68
Costs to cover
0.312%
Break-even
4.8 days
Slippage from QFEX: live order book, 6 min ago; BloFin: live order book, 5 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 QFEX live order book, 6 min ago1.53 bp6.5 bp −$78.5 bp −$85doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago1.83 bp9.3 bp −$912.3 bp −$12324.1 bp −$2,40850.1 bp −$25.1K

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−0.0969%8h163.95+0.085%$27.1M$117.1M25xas long as short
Aster MSTRUSDT0.0000%8h163.83+0.015%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.87+0.037%$4.6M$19.2M50xas long as short
Phemex MSTRUSDT0.0000%4h164.05+0.147%$2.8M$77K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.59−0.137%$596K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.376%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.85+0.024%$26K$109K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.53−0.171%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.82+0.006%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.83+0.012%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h163.71−0.061%$830K$3.9M10xas long as short
QFEX MSTR-USDlong+0.0054%1h163.81long leg$1.4M$7.2M10x
OKX MSTR-USDT-SWAP+0.0069%8h163.80−0.006%$20.8M$99.8M50xas long as short
RISEx MSTR/USDC+0.0088%1h163.89+0.049%$266K$446K10xas long as short
Pacifica MSTR+0.0100%1h163.85+0.026%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.69−0.073%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.69−0.073%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.85+0.024%$4K$8K10xas long as short
Variational Omni MSTR+0.0103%8h163.88+0.040%$1.2M$2.1M—as long as short
Aevo MSTR-PERP+0.0104%1h163.87+0.035%$136—10xas long as short
Paradex MSTR-USD-PERP+0.0115%8h163.80−0.007%$66—5xas long as short
GRVT MSTR_USDT_Perp+0.0168%8h163.91+0.061%$79K$838K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.147%$1.4M$1.1M10xas long as short
Binance MSTRUSDT+0.0173%8h163.82+0.006%$85.8M$619.4M50xas long as short
Lighter MSTR+0.0232%1h163.78−0.018%$3.5M$1.9M10xas long as short
BloFin MSTR-USDTshort+0.0291%8h163.79−0.012%$1.0M$2.1M20x
Bybit MSTRUSDT+0.0335%8h163.84+0.018%$16.7M$41.2M50xas long as short
Nado MSTR-PERP+0.0353%1h163.56−0.154%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0357%1h163.77−0.024%$54.5M$37.1M10xas long as short
Phoenix MSTR+0.0362%1h163.90+0.055%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0496%4h163.67−0.087%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1094%1h163.90+0.055%$279K$438K10xas long as short