Funding you earn now, next payment 02:00 UTC−0.0159%/8h= −17.4% APRpaid last 24h +0.014%
Price spread now: BloFin against tradeXYZ+0.006%108s7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days+0.117%+$12 on $10k
+Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.006%, 7d avg +0.059%
=Together, before fees+0.083%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.053% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.059%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.117%, so the current rate has only just turned against you. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSTR | 166.02 | 0.0130 | pay 0.0016% / 1h | 59m 26s | $56.0M | $36.0M | 10x |
| Short | BloFin MSTR-USDT | 166.03 | −0.0029 | pay 0.0029% / 8h | 6h 59m | $1.1M | $1.9M | 20x |
tradeXYZ xyz:MSTR
BloFin MSTR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against tradeXYZ. 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
- −$33.45
- Price spread: +0.006% → +0.059%
- −$5.31
- Slippage, 4 orders
- −$6.97
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$75.73
- Costs to cover
- 0.370%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; BloFin: live order book, 3 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 tradeXYZ live order book, 10 min ago | 0.30 bp | 9.3 bp −$9 | 11.2 bp −$112 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.30 bp | 8.9 bp −$9 | 10.3 bp −$103 | 17.0 bp −$1,702 | 52.9 bp −$26.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | −0.0266% | 8h | 166.17 | +0.090% | $4.6M | $18.5M | 50x | as long as short |
| BloFin MSTR-USDTshort | −0.0029% | 8h | 166.03 | +0.006% | $1.1M | $1.9M | 20x | |
| Aster MSTRUSDT | 0.0000% | 8h | 165.87 | −0.091% | $1.2M | $6.1M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 166.19 | +0.102% | $87.6M | $616.9M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 166.17 | +0.090% | $21.2M | $100.1M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 166.16 | +0.084% | $272K | $436K | 10x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 166.24 | +0.133% | $27.3M | $114.2M | 25x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 166.01 | −0.008% | $1.2M | $2.0M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 166.06 | +0.024% | $84K | $812K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 166.38 | +0.217% | $2.8M | $67K | 10x | as long as short |
Gate MSTR_USDT
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Bitget MSTRUSDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 165.95 | −0.042% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 165.94 | −0.051% | $571K | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0035% | 1h | 166.08 | +0.036% | $1.4M | $8.6M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 166.34 | +0.193% | $27K | $115K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 165.96 | −0.036% | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 165.99 | −0.018% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 165.83 | −0.114% | $768K | $4.8M | 10x | as long as short |
| Nado MSTR-PERP | +0.0080% | 1h | 166.02 | +0.001% | $135K | $129K | 3x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0088% | 1h | 165.95 | −0.042% | $1.4M | $1.1M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 166.07 | +0.032% | $103K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 165.90 | −0.072% | $2.5M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 166.29 | +0.163% | $4K | $204K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 165.99 | −0.018% | $3K | $7K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 165.98 | −0.024% | $138 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0114% | 8h | 165.99 | −0.016% | $66 | — | 5x | as long as short |
| tradeXYZ xyz:MSTRlong | +0.0130% | 1h | 166.02 | long leg | $56.0M | $36.0M | 10x | |
| Polymarket Perps MSTR-USD | +0.0152% | 1h | 166.08 | +0.036% | $390K | $2.7M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0235% | 1h | 169.34 | +2.000% | $8K | $26K | 30x | as long as short |
| Phoenix MSTR | +0.0259% | 1h | 166.44 | +0.255% | $56K | $219K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0307% | 8h | 166.19 | +0.102% | $16.7M | $40.4M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0663% | 4h | 166.58 | +0.337% | $43K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1137% | 1h | 166.07 | +0.030% | $282K | $438K | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
QFEX MSTR-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Nado MSTR-PERP
Coinbase International MSTR-PERP-INTX
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Polymarket Perps MSTR-USD
Injective MSTR/USDC PERP
Phoenix MSTR
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL