Settings8H · net · $10k
Funding arb · Price arb /

MSTRX

all MSTRX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against SunX+0.042%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1461.459% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.042%, 7d avg +0.013%
Together, before fees−0.081%−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.029% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX MSTRX-USDT166.980get 0.0000% / 8h4h 11m$1K$2.1M10x
ShortHTX MSTRX-USDT167.050get 0.0000% / 8h4h 11m$129K$927K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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

Funding earned
$0
Price spread: +0.042% → +0.013%
$2.92
Slippage, 4 orders
−$125.92
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$143.01
Costs to cover
1.459%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; HTX: live order book, 30 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 9 min ago45.25 bp63.4 bp −$63doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 30 min ago2.40 bp10.2 bp −$1013.4 bp −$134doesn't fitdoesn't fit

MSTRX on 3 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_MSTRXUSD−0.0184%1h166.88−0.060%$914K$862K20xas long as short
SunX MSTRX-USDTlong0.0000%8h166.98long leg$1K$2.1M10x
HTX MSTRX-USDTshort0.0000%8h167.05+0.042%$129K$927K50x