MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0181%/8h= −19.8% APRnext payment −$0.23 per $10,000 · paid last 24h −0.049%

Price spread now: QFEX against tradeXYZ+0.055%7-day average +0.022% · 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−$31as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.140%−$14 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.055%, 7d avg +0.022%

Together, before fees−0.196%+ Points / potential airdroptradeXYZ: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.033% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.022%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	164.27	0.0235	pay 0.0029% / 1h	34m 58s	$54.7M	$36.9M	10x
Short	QFEX MSTR-USD	164.36	0.0054	get 0.0007% / 1h	34m 58s	$1.4M	$7.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$38.02
Price spread: +0.055% → +0.022%: $3.29
Slippage, 4 orders: −$6.16
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$68.89
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; QFEX: live order book, 4 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, 5 min ago	0.61 bp	10.6 bp −$11	12.3 bp −$123	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.22 bp	6.2 bp −$6	6.7 bp −$67	14.6 bp −$1,457	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	−0.0906%	8h	164.44	+0.103%	$27.7M	$115.1M	25x	as long as short
Gate MSTR_USDT	−0.0026%	8h	164.36	+0.055%	$4.6M	$18.5M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.33	+0.036%	$1.8M	$8.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.33	+0.037%	$2.8M	$72K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0001%	8h	164.33	+0.037%	$20.6M	$99.6M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.29	+0.012%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.08	−0.116%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.086%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.37	+0.058%	$267K	$449K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.45	+0.110%	$26K	$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	164.17	−0.061%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.27	0.000%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.27	0.000%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.13	−0.085%	$865K	$4.1M	10x	as long as short
QFEX MSTR-USDshort	+0.0054%	1h	164.36	+0.055%	$1.4M	$7.5M	10x
Variational Omni MSTR	+0.0067%	8h	164.09	−0.112%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.30	+0.021%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.27	0.000%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.22	−0.030%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.29	+0.012%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.30	+0.020%	$136	—	10x	as long as short
Binance MSTRUSDT	+0.0128%	8h	164.31	+0.024%	$87.8M	$618.2M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.21	−0.035%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0161%	8h	164.38	+0.067%	$78K	$770K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.091%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.34	+0.040%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTRlong	+0.0235%	1h	164.27	long leg	$54.7M	$36.9M	10x
BloFin MSTR-USDT	+0.0248%	8h	164.38	+0.067%	$1.0M	$2.0M	20x	as long as short
Nado MSTR-PERP	+0.0259%	1h	164.20	−0.042%	$121K	$148K	3x	as long as short
Bybit MSTRUSDT	+0.0367%	8h	164.36	+0.055%	$17.0M	$40.7M	50x	as long as short
edgeX MSTRUSDC	+0.0443%	4h	164.37	+0.058%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0602%	1h	164.37	+0.061%	$280K	$438K	10x	as long as short