Funding arb · Price arb /

MSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.033%

Price spread now: Vest against Aster+0.027%7-day average −0.397% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days−0.065%−$6 · spread now +0.027%, 7d avg −0.397%

Together, before fees−0.068%+ Points / potential airdropAster: Stage 5 · Vest: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.424% dearer against Aster than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of −0.397%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MSTRUSDT	164.62	0	get 0.0000% / 8h	3h 56m	$1.8M	$8.5M	50x
Short	Vest MSTR-USD-PERP	164.66	0.0046	get 0.0006% / 1h	56m 57s	—	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now +0.027%Rate

Funding earned: $9.59
Price spread: +0.027% → −0.397%: $42.43
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: $42.02
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Aster: live order book, 2 min ago; Vest: no order-book sample. Net counts fees only.

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	0.61 bp	8.8 bp −$9	123.0 bp −$1,230	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	−0.0906%	8h	164.76	+0.088%	$27.9M	$115.2M	25x	as long as short
Aster MSTRUSDTlong	0.0000%	8h	164.62	long leg	$1.8M	$8.5M	50x
Gate MSTR_USDT	0.0000%	8h	164.75	+0.082%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.72	+0.064%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0024%	8h	164.70	+0.051%	$20.7M	$99.7M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.63	+0.009%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.54	−0.043%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.870%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.74	+0.076%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERPshort	+0.0046%	1h	164.66	+0.027%	—	$1.7M	25x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.64	+0.015%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.66	+0.027%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.51	−0.064%	$859K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.71	+0.058%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0097%	8h	164.61	−0.006%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.68	+0.041%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.62	+0.003%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.62	+0.003%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.67	+0.033%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.71	+0.056%	$137	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0128%	1h	164.64	+0.015%	$54.8M	$37.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0140%	8h	164.70	+0.053%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.69	+0.045%	$87.0M	$615.7M	50x	as long as short
edgeX MSTRUSDC	+0.0159%	4h	164.73	+0.072%	$49K	$5.3M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.301%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0179%	8h	164.77	+0.097%	$82K	$792K	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.76	+0.086%	$56K	$226K	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.74	+0.076%	$267K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0231%	1h	164.60	−0.009%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	164.69	+0.045%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0345%	8h	164.73	+0.070%	$17.0M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0661%	1h	164.72	+0.064%	$280K	$438K	10x	as long as short