MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0192%/8h= +21.1% APRnext payment +$0.24 per $10,000 · paid last 24h +0.049%

Price spread now: tradeXYZ against QFEX−0.067%7-day average −0.022% · 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−$38as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on QFEX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.143%+$14 on $10k

Price spread, last 7 days+0.061%+$6 · spread now −0.067%, 7d avg −0.022%

Together, before fees+0.203%+ Points / potential airdroptradeXYZ: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.045% cheaper against QFEX than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of −0.022%). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSTR-USD	164.03	0.0067	pay 0.0008% / 1h	38m 54s	$1.4M	$7.3M	10x
Short	tradeXYZ xyz:MSTR	163.92	0.0259	get 0.0032% / 1h	38m 54s	$54.6M	$37.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Position, each leg$Hold fordaysFee QFEXbpFee tradeXYZbpOrdersPrice spread, now −0.067%Rate

Funding earned: $40.42
Price spread: −0.067% → −0.022%: −$4.49
Slippage, 4 orders: −$5.19
Fee QFEX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $2.74
Costs to cover: 0.332%
Break-even: 6.5 days

Slippage from QFEX: live order book, 5 min ago; tradeXYZ: live order book, 11 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, 5 min ago	1.52 bp	6.5 bp −$7	7.0 bp −$70	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.61 bp	10.5 bp −$11	13.6 bp −$136	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	−0.0899%	8h	164.15	+0.073%	$27.8M	$115.5M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.90	−0.082%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.05	+0.012%	$4.6M	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.03	0.000%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.78	−0.149%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.237%	$8K	$26K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0039%	8h	163.98	−0.030%	$20.6M	$99.3M	50x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.27	+0.146%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.82	−0.128%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.96	−0.043%	$379K	$2.7M	10x	as long as short

Show 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	−0.043%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.90	−0.079%	$853K	$3.9M	10x	as long as short
QFEX MSTR-USDlong	+0.0067%	1h	164.03	long leg	$1.4M	$7.3M	10x
Lighter MSTR	+0.0072%	1h	163.89	−0.085%	$3.5M	$1.9M	10x	as long as short
Variational Omni MSTR	+0.0094%	8h	164.16	+0.077%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.04	+0.005%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.87	−0.098%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.24	+0.128%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.90	−0.079%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.93	−0.061%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.00	−0.016%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0158%	8h	164.17	+0.085%	$75K	$803K	10x	as long as short
Binance MSTRUSDT	+0.0159%	8h	163.99	−0.022%	$86.7M	$616.0M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.96	−0.043%	$1.4M	$1.1M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.07	+0.025%	$266K	$445K	10x	as long as short
tradeXYZ xyz:MSTRshort	+0.0259%	1h	163.92	−0.067%	$54.6M	$37.0M	10x
Nado MSTR-PERP	+0.0260%	1h	163.90	−0.078%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0279%	8h	164.12	+0.055%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0332%	8h	164.03	0.000%	$16.7M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.21	+0.111%	$56K	$226K	10x	as long as short
edgeX MSTRUSDC	+0.0742%	4h	164.11	+0.050%	$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