Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: OKX against Aster+0.142%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 7 days−0.175%−$17 · spread now +0.142%, 7d avg +0.017%

Together, before fees−0.067%+ Points / potential airdropAster: Stage 5 · farm board−$7 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: OKX is 0.126% dearer against Aster than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MSTRUSDT	169.22	0	get 0.0000% / 8h	1m 49s	$1.3M	$6.1M	50x
Short	OKX MSTR-USDT-SWAP	169.46	0	get 0.0000% / 8h	1m 49s	$21.9M	$106.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Aster. 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 AsterbpFee OKXbpOrdersPrice spread, now +0.142%Rate

Funding earned: $0
Price spread: +0.142% → +0.017%: $12.58
Slippage, 4 orders: −$8.73
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$14.15
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; OKX: live order book, 2 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 Aster live order book, 2 min ago	1.18 bp	9.1 bp −$9	228.2 bp −$2,282	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.29 bp	5.8 bp −$6	10.2 bp −$102	87.8 bp −$8,777	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
Nado MSTR-PERP	−0.0043%	1h	169.36	+0.081%	$140K	$97K	3x	as long as short
Aster MSTRUSDTlong	0.0000%	8h	169.22	long leg	$1.3M	$6.1M	50x
OKX MSTR-USDT-SWAPshort	0.0000%	8h	169.46	+0.142%	$21.9M	$106.3M	50x
Gate MSTR_USDT	0.0000%	8h	169.40	+0.107%	$4.7M	$19.6M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.00	−0.128%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.22	0.000%	$2.9M	$66K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.41	+0.113%	$276K	$441K	10x	as long as short
Bitget MSTRUSDT	+0.0030%	8h	169.48	+0.154%	$28.8M	$119.8M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0030%	8h	169.13	−0.053%	$77K	$871K	10x	as long as short
Lighter MSTR	+0.0032%	1h	169.41	+0.113%	$3.6M	$2.4M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USD	+0.0032%	1h	169.34	+0.072%	$581K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.56	+0.201%	—	$2.1M	25x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.35	+0.077%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.36	+0.083%	$399K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.41	+0.113%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.29	+0.042%	$773K	$5.2M	10x	as long as short
Binance MSTRUSDT	+0.0052%	8h	169.47	+0.148%	$89.4M	$628.5M	50x	as long as short
Bybit MSTRUSDT	+0.0062%	8h	169.47	+0.148%	$15.2M	$40.3M	50x	as long as short
BloFin MSTR-USDT	+0.0064%	8h	169.50	+0.166%	$1.1M	$1.9M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0096%	8h	169.40	+0.107%	$68	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.277%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.36	+0.081%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.28	+0.036%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.06	−0.094%	$4K	$244K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.38	+0.095%	$3K	$10K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	168.88	−0.200%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.38	+0.093%	$141	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0124%	1h	169.40	+0.107%	$57.2M	$36.9M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.09	−0.079%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0382%	4h	169.04	−0.103%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0400%	1h	169.46	+0.142%	$288K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.45	+0.136%	$27K	$129K	10x	as long as short