Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h −0.094%

Price spread now: Vest against BloFin+0.024%7-day average −0.989% · you sell dearer than you buy

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

Long on BloFin Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.136%−$14 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now +0.024%, 7d avg −0.989%

Together, before fees−0.071%+ Points / potential airdropVest: Active · 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: Vest is 1.013% dearer against BloFin than usual: you sell high and buy low, +$101 on $10k if it goes back to its 7-day average of −0.989%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSTR-USDT	168.90	0.0049	pay 0.0049% / 8h	22m 51s	$1.1M	$1.9M	20x
Short	Vest MSTR-USD-PERP	168.94	0.0046	get 0.0006% / 1h	22m 51s	—	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against BloFin. 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 BloFinbpFee VestbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$0.7
Price spread: +0.024% → −0.989%: $101.27
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: $86.57
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago	0.30 bp	7.4 bp −$7	10.5 bp −$105	20.1 bp −$2,013	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
Nado MSTR-PERP	−0.0025%	1h	168.76	−0.083%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.80	−0.062%	$1.2M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.72	−0.107%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.01	+0.063%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.04	+0.083%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	168.83	−0.041%	$275K	$441K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0009%	8h	168.82	−0.047%	$21.9M	$106.3M	50x	as long as short
Lighter MSTR	+0.0032%	1h	168.78	−0.071%	$3.6M	$2.4M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.67	−0.138%	$583K	$1.8M	10x	as long as short
Bitget MSTRUSDT	+0.0043%	8h	168.81	−0.053%	$28.7M	$120.0M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERPshort	+0.0046%	1h	168.94	+0.024%	—	$2.1M	25x
GRVT MSTR_USDT_Perp	+0.0048%	8h	169.09	+0.115%	$77K	$879K	10x	as long as short
BloFin MSTR-USDTlong	+0.0049%	8h	168.90	long leg	$1.1M	$1.9M	20x
QFEX MSTR-USD	+0.0049%	1h	168.83	−0.041%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.75	−0.089%	$394K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.83	−0.041%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.65	−0.148%	$779K	$5.2M	10x	as long as short
Binance MSTRUSDT	+0.0060%	8h	168.82	−0.047%	$88.8M	$629.1M	50x	as long as short
Bybit MSTRUSDT	+0.0083%	8h	168.80	−0.059%	$15.1M	$40.4M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.089%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	168.73	−0.102%	$104K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.73	−0.101%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.91	+0.006%	$4K	$346K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.82	−0.047%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.21	+0.184%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.85	−0.031%	$140	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0116%	8h	168.78	−0.069%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0162%	1h	168.71	−0.112%	$57.0M	$37.2M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0224%	1h	168.87	−0.018%	$287K	$438K	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.01	+0.065%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0290%	4h	168.94	+0.024%	$47K	$5.5M	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	168.86	−0.024%	$27K	$129K	10x	as long as short