Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.017%

Price spread now: Vest against Bitget+0.115%7-day average −0.424% · you sell dearer than you buy

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

Long on Bitget Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.033%+$3 on $10k

Price spread, last 7 days−0.114%−$11 · spread now +0.115%, 7d avg −0.424%

Together, before fees−0.080%+ Points / potential airdropVest: Active · farm board−$8 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 0.539% dearer against Bitget than usual: you sell high and buy low: +$54 more if the spread goes back to its 7-day average of −0.424%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSTRUSDT	165.57	0	get 0.0000% / 8h	7h 15m	$31.1M	$114.3M	25x
Short	Vest MSTR-USD-PERP	165.76	0.0046	get 0.0006% / 1h	15m 22s	—	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bitget. 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 BitgetbpFee VestbpOrdersPrice spread, now +0.115%Rate

Funding earned: $9.59
Price spread: +0.115% → −0.424%: $53.88
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: $49.48
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	0.30 bp	6.3 bp −$6	12.3 bp −$123	24.7 bp −$2,466	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
Gate MSTR_USDT	0.0000%	8h	165.66	+0.054%	$4.9M	$19.1M	50x	as long as short
Bitget MSTRUSDTlong	0.0000%	8h	165.57	long leg	$31.1M	$114.3M	25x
Phemex MSTRUSDT	0.0000%	4h	165.37	−0.121%	$2.8M	$83K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.38	−0.118%	$536K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	162.61	−1.788%	$7K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.58	+0.006%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERPshort	+0.0046%	1h	165.76	+0.115%	—	$1.7M	25x
Polymarket Perps MSTR-USD	+0.0050%	1h	165.48	−0.054%	$383K	$2.6M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.17	−0.242%	$917K	$3.6M	10x	as long as short
QFEX MSTR-USD	+0.0061%	1h	165.45	−0.072%	$1.4M	$6.9M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	165.41	−0.097%	$101K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.43	−0.085%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.97	−0.362%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.61	+0.024%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.62	+0.030%	$137	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	162.26	−1.999%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDT	+0.0165%	8h	165.57	−0.003%	$1.8M	$8.6M	50x	as long as short
Lighter MSTR	+0.0176%	1h	165.48	−0.054%	$3.5M	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0180%	1h	165.37	−0.122%	$127K	$143K	3x	as long as short
Paradex MSTR-USD-PERP	+0.0191%	8h	165.51	−0.037%	$66	—	5x	as long as short
OKX MSTR-USDT-SWAP	+0.0260%	8h	165.63	+0.036%	$21.2M	$93.2M	50x	as long as short
Variational Omni MSTR	+0.0279%	8h	165.48	−0.054%	$1.2M	$1.8M	—	as long as short
Binance MSTRUSDT	+0.0359%	8h	165.56	−0.005%	$86.4M	$596.0M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0385%	1h	165.51	−0.036%	$54.6M	$36.3M	10x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	165.53	−0.021%	$270K	$388K	10x	as long as short
Phoenix MSTR	+0.0460%	1h	164.61	−0.582%	$56K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0472%	8h	165.17	−0.242%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0593%	8h	165.64	+0.042%	$17.5M	$39.8M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0651%	8h	164.64	−0.559%	$81K	$859K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0778%	1h	165.56	−0.006%	$282K	$334K	10x	as long as short
SoDEX MSTR-USD	+0.0790%	1h	165.34	−0.139%	$43K	$3K	10x	as long as short
edgeX MSTRUSDC	+0.0801%	4h	165.05	−0.316%	$47K	$5.4M	10x	as long as short