Funding you earn now, next payment 12:00 UTC+0.0046%/8h= +5.1% APRpaid last 24h +0.013%
Price spread now: KuCoin against QFEX+0.018%7-day average +0.013% · 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−$77as in the Price arb table
costs, in and out, $10k−$770.774% of the position
Funding, last 4 days (all we have)+0.006%+$1 on $10k
+Price spread, last 7 days−0.052%−$5 · spread now +0.018%, 7d avg +0.013%
=The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MSTR-USD | 166.60 | 0.0054 | pay 0.0007% / 1h | 4m 00s | $1.3M | $5.5M | 10x |
| Short | KuCoin MSTRUSDTM | 166.63 | 0.0100 | get 0.0100% / 8h | 4h 04m | $2.3M | $2.8M | 20x |
QFEX MSTR-USD
KuCoin MSTRUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against QFEX. 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
- $9.71
- Price spread: +0.018% → +0.013%
- $0.54
- Slippage, 4 orders
- −$55.44
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$67.19
- Costs to cover
- 0.774%
- Break-even
- 55.4 days
Slippage from QFEX: live order book, 8 min ago; KuCoin: live order book, 6 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 QFEX live order book, 8 min ago | 2.40 bp | 7.4 bp −$7 | 7.4 bp −$74 | 13.6 bp −$1,356 | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 3.59 bp | 32.1 bp −$32 | 118.4 bp −$1,184 | doesn't fit | doesn't fit |
MSTR on 32 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | −0.0408% | 1h | 166.54 | −0.033% | $1.4M | $2.8M | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 166.77 | +0.102% | $4.8M | $17.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 166.62 | +0.012% | $2.8M | $86K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 166.62 | +0.012% | $3.5M | $1.7M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 165.22 | −0.828% | $7K | $28K | 30x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 166.81 | +0.126% | — | $1.6M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 166.63 | +0.018% | $384K | $2.5M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 166.73 | +0.078% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 166.49 | −0.066% | $820K | $3.3M | 10x | as long as short |
| QFEX MSTR-USDlong | +0.0054% | 1h | 166.60 | long leg | $1.3M | $5.5M | 10x |
Extended MSTR_24_5-USD
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Injective MSTR/USDC PERP
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 166.14 | −0.276% | $1.4M | $354K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0077% | 8h | 166.55 | −0.029% | $67 | — | 5x | as long as short |
| Nado MSTR-PERP | +0.0091% | 1h | 166.57 | −0.016% | $144K | $135K | 3x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 166.62 | +0.012% | $103K | $66K | 10x | as long as short |
| KuCoin MSTRUSDTMshort | +0.0100% | 8h | 166.63 | +0.018% | $2.3M | $2.8M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 167.04 | +0.264% | $6K | $151K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 166.68 | +0.048% | $2K | $11K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 166.67 | +0.045% | $138 | $100 | 10x | as long as short |
| Bitget MSTRUSDT | +0.0114% | 8h | 166.80 | +0.120% | $31.9M | $101.9M | 25x | as long as short |
| Bybit MSTRUSDT | +0.0119% | 8h | 166.74 | +0.084% | $15.3M | $38.9M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0176% | 1h | 166.70 | +0.060% | $55.1M | $33.3M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0222% | 8h | 166.77 | +0.102% | $22.1M | $78.4M | 50x | as long as short |
| Aster MSTRUSDT | +0.0228% | 8h | 166.71 | +0.069% | $1.8M | $6.0M | 50x | as long as short |
| Phoenix MSTR | +0.0308% | 1h | 166.93 | +0.200% | $56K | $213K | 10x | as long as short |
| Variational Omni MSTR | +0.0311% | 8h | 166.97 | +0.221% | $1.2M | $1.6M | — | as long as short |
| GRVT MSTR_USDT_Perp | +0.0321% | 8h | 167.00 | +0.242% | $85K | $994K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0341% | 4h | 167.23 | +0.377% | $49K | $4.4M | 10x | as long as short |
| Binance MSTRUSDT | +0.0400% | 8h | 166.74 | +0.083% | $87.0M | $509.0M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0411% | 1h | 166.61 | +0.006% | $283K | $171K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0459% | 1h | 166.69 | +0.051% | $302K | $353K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0530% | 8h | 166.78 | +0.108% | $1.1M | $1.9M | 20x | as long as short |
| Arcus MSTR-USD | +0.0803% | 1h | 166.75 | +0.090% | $26K | $67K | 10x | as long as short |
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Nado MSTR-PERP
Pacifica MSTR
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Bitget MSTRUSDT
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
OKX MSTR-USDT-SWAP
Aster MSTRUSDT
Phoenix MSTR
Variational Omni MSTR
GRVT MSTR_USDT_Perp
edgeX MSTRUSDC
Binance MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
RISEx MSTR/USDC
BloFin MSTR-USDT
Arcus MSTR-USD