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Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC+0.0051%/8h= +5.5% APRpaid last 24h +0.030%
Price spread now: Binance against Aevo+0.025%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on AevoShort on Binance
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.025% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo MSTR-PERP163.620.0104pay 0.0013% / 1h10m 20s$136—10x
ShortBinance MSTRUSDT163.660.0155get 0.0155% / 8h3h 10m$85.9M$619.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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
$10.64
Price spread: +0.025% → 0.000%
$2.51
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Binance: 5 bp × 2 orders
−$10
Net
−$12.85
Costs to cover
0.260%
Break-even
15.5 days
Slippage unknown: Aevo: no order-book sample; Binance: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample—————
Sell Binance live order book, 4 min ago0.31 bp5.7 bp −$69.1 bp −$9127.3 bp −$2,72746.6 bp −$23.3K
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0961%8h163.82+0.123%$27.1M$116.6M25xas long as short
Aster MSTRUSDT0.0000%8h163.60−0.014%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.73+0.068%$4.6M$19.3M50xas long as short
Phemex MSTRUSDT0.0000%4h163.81+0.117%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.65+0.019%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.54−0.045%$588K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.497%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.89+0.166%$26K$110K10xas long as short
OKX MSTR-USDT-SWAP+0.0042%8h163.67+0.031%$20.7M$98.9M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.46−0.097%—$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.64+0.013%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.66+0.025%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.51−0.067%$817K$4.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.66+0.025%$1.4M$7.3M10xas long as short
Paradex MSTR-USD-PERP+0.0068%8h163.70+0.047%$65—5xas long as short
Variational Omni MSTR+0.0091%8h163.69+0.046%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.66+0.022%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.61−0.005%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.77+0.092%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.60−0.012%$4K$8K10xas long as short
Aevo MSTR-PERPlong+0.0104%1h163.62long leg$136—10x
GRVT MSTR_USDT_Perp+0.0151%8h163.84+0.136%$83K$837K10xas long as short
Binance MSTRUSDTshort+0.0155%8h163.66+0.025%$85.9M$619.0M50x
Coinbase International MSTR-PERP-INTX+0.0168%1h163.84+0.135%$1.4M$1.1M10xas long as short
edgeX MSTRUSDC+0.0190%4h163.81+0.114%$48K$5.3M10xas long as short
RISEx MSTR/USDC+0.0231%1h163.69+0.045%$265K$445K10xas long as short
Nado MSTR-PERP+0.0241%1h163.63+0.004%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0252%1h163.67+0.031%$54.5M$37.1M10xas long as short
BloFin MSTR-USDT+0.0275%8h163.78+0.098%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0312%8h163.73+0.068%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h163.98+0.221%$56K$226K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0545%1h163.69+0.043%$278K$438K10xas long as short