Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0275%/8h= +30.1% APRpaid last 24h +0.105%

Price spread now: RISEx against Binance−0.025%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$190.193% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.260%+$26 on $10k

Price spread, last 2 days (all we have)+0.069%+$7 · spread now −0.025%, 7d avg +0.016%

Together, before fees+0.330%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.041% cheaper against Binance than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.016%). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSTRUSDT	169.30	0.0074	pay 0.0074% / 8h	7h 54m	$89.4M	$622.9M	50x
Short	RISEx MSTR/USDC	169.25	0.0349	get 0.0044% / 1h	54m 22s	$276K	$440K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Binance. 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 BinancebpFee RISExbpOrdersPrice spread, now −0.025%Rate

Funding earned: $57.81
Price spread: −0.025% → +0.016%: −$4.15
Slippage, 4 orders: −$3.28
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $34.39
Costs to cover: 0.193%
Break-even: 2.8 days

Slippage from Binance: live order book, 5 min ago; RISEx: live order book, 19 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 Binance live order book, 5 min ago	0.29 bp	5.5 bp −$6	10.2 bp −$102	33.5 bp −$3,347	doesn't fit
Sell RISEx live order book, 19 min ago	0.89 bp	3.9 bp −$4	6.0 bp −$60	doesn't fit	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	−0.0090%	1h	169.20	−0.056%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.21	−0.049%	$1.3M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	169.27	−0.016%	$15.2M	$39.8M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.30	+0.001%	$21.9M	$104.2M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.27	−0.016%	$4.7M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.20	−0.058%	$2.9M	$66K	10x	as long as short
Variational Omni MSTR	+0.0002%	8h	169.63	+0.197%	$1.2M	$2.4M	—	as long as short
Bitget MSTRUSDT	+0.0025%	8h	169.30	+0.001%	$28.6M	$115.4M	25x	as long as short
Lighter MSTR	+0.0032%	1h	169.19	−0.064%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.12	−0.105%	$581K	$1.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0035%	1h	169.18	−0.070%	$1.5M	$10.1M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	169.56	+0.155%	$27K	$121K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.40	+0.060%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.11	−0.111%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.30	+0.001%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.73	+0.255%	$765K	$5.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0054%	1h	169.13	−0.099%	$57.1M	$35.4M	10x	as long as short
Binance MSTRUSDTlong	+0.0074%	8h	169.30	long leg	$89.4M	$622.9M	50x
BloFin MSTR-USDT	+0.0080%	8h	169.12	−0.105%	$1.1M	$1.9M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.324%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0093%	8h	169.22	−0.044%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.25	−0.025%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.18	−0.070%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.62	+0.190%	$4K	$207K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.25	−0.028%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.33	+0.017%	$141	—	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.49	+0.114%	$8K	$21K	30x	as long as short
Phoenix MSTR	+0.0260%	1h	169.47	+0.104%	$57K	$384K	10x	as long as short
RISEx MSTR/USDCshort	+0.0349%	1h	169.25	−0.025%	$276K	$440K	10x
edgeX MSTRUSDC	+0.0567%	4h	169.82	+0.307%	$48K	$5.5M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0570%	8h	169.80	+0.297%	$78K	$871K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0578%	1h	169.31	+0.007%	$288K	$438K	10x	as long as short