Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h −0.039%

Price spread now: KuCoin against tradeXYZ−0.030%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 7 days+0.015%+$2 · spread now −0.030%, 7d avg +0.037%

Together, before fees−0.194%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.067% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.037%). If the spread goes back, that is −$7 on $10k: about 4.7 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.209%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	165.31	0.0053	pay 0.0007% / 1h	1m 01s	$55.0M	$36.8M	10x
Short	KuCoin MSTRUSDTM	165.26	0.0100	get 0.0100% / 8h	5h 01m	$2.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. 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 tradeXYZbpFee KuCoinbpOrdersPrice spread, now −0.030%Rate

Funding earned: $9.85
Price spread: −0.030% → +0.037%: −$6.68
Slippage, 4 orders: −$34.16
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$60.98
Costs to cover: 0.642%
Break-even: 50.3 days

Slippage from tradeXYZ: 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 tradeXYZ live order book, 8 min ago	0.91 bp	10.3 bp −$10	12.4 bp −$124	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.42 bp	19.5 bp −$20	doesn't fit	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	−0.0829%	8h	165.54	+0.139%	$27.7M	$114.7M	25x	as long as short
Gate MSTR_USDT	−0.0026%	8h	165.49	+0.109%	$4.6M	$18.8M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	165.26	−0.032%	$1.8M	$8.5M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	165.49	+0.109%	$20.7M	$100.1M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.41	+0.060%	$2.8M	$73K	10x	as long as short
Lighter MSTR	+0.0032%	1h	165.27	−0.024%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.26	−0.030%	$598K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.438%	$8K	$26K	30x	as long as short
Variational Omni MSTR	+0.0035%	8h	165.37	+0.037%	$1.2M	$2.1M	—	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.37	+0.036%	$27K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	165.43	+0.073%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.33	+0.012%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.35	+0.024%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.14	−0.103%	$870K	$4.1M	10x	as long as short
tradeXYZ xyz:MSTRlong	+0.0053%	1h	165.31	long leg	$55.0M	$36.8M	10x
QFEX MSTR-USD	+0.0060%	1h	165.30	−0.006%	$1.4M	$7.6M	10x	as long as short
Binance MSTRUSDT	+0.0099%	8h	165.43	+0.075%	$88.0M	$616.6M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	165.32	+0.007%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	165.26	−0.030%	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	165.17	−0.085%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.25	−0.036%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.28	−0.021%	$137	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0122%	8h	165.30	−0.008%	$79K	$758K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0124%	8h	165.27	−0.021%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.95	−0.218%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0211%	1h	165.32	+0.008%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0219%	8h	165.44	+0.079%	$1.0M	$2.0M	20x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	165.41	+0.062%	$270K	$448K	10x	as long as short
Phoenix MSTR	+0.0336%	1h	165.27	−0.025%	$56K	$227K	10x	as long as short
Bybit MSTRUSDT	+0.0338%	8h	165.52	+0.127%	$17.2M	$40.6M	50x	as long as short
edgeX MSTRUSDC	+0.0644%	4h	165.17	−0.084%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0658%	1h	165.35	+0.024%	$281K	$438K	10x	as long as short