Settings8H · net · $10k
Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.005%
Price spread now: Aevo against Coinbase International+0.100%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.100% dearer against Coinbase International than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MSTR-PERP-INTX169.110.0048pay 0.0006% / 1h28m 33s$1.5M$1.2M10x
ShortAevo MSTR-PERP169.280.0104get 0.0013% / 1h28m 33s$14110x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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

Funding earned
$11.76
Price spread: +0.100% → 0.000%
$10.04
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$4.2
Costs to cover
0.260%
Break-even
9.5 days
Slippage unknown: Coinbase International: live order book, 5 min ago; Aevo: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 5 min ago5.32 bp11.3 bp −$1116.1 bp −$161doesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MSTR-PERP−0.0103%1h169.14+0.020%$139K$98K3xas long as short
Aster MSTRUSDT0.0000%8h169.26+0.089%$1.3M$6.2M50xas long as short
Binance MSTRUSDT0.0000%8h169.33+0.128%$88.7M$629.1M50xas long as short
OKX MSTR-USDT-SWAP0.0000%8h169.33+0.130%$22.1M$107.4M50xas long as short
RISEx MSTR/USDC0.0000%1h169.33+0.131%$296K$436K10xas long as short
Gate MSTR_USDT0.0000%8h169.29+0.106%$4.8M$19.6M50xas long as short
Variational Omni MSTR0.0000%8h169.30+0.111%$1.2M$2.4Mas long as short
GRVT MSTR_USDT_Perp0.0000%8h169.28+0.098%$83K$948K10xas long as short
Phemex MSTRUSDT0.0000%4h169.31+0.118%$2.9M$57K10xas long as short
BloFin MSTR-USDT+0.0002%8h169.21+0.059%$1.1M$1.8M20xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MSTR+0.0032%1h169.23+0.071%$3.6M$2.6M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h169.11+0.003%$588K$1.9M10xas long as short
QFEX MSTR-USD+0.0039%1h169.29+0.106%$1.5M$10.2M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h169.37+0.154%$2.1M25xas long as short
Coinbase International MSTR-PERP-INTXlong+0.0048%1h169.11long leg$1.5M$1.2M10x
tradeXYZ xyz:MSTR+0.0050%1h169.21+0.059%$56.6M$38.2M10xas long as short
Polymarket Perps MSTR-USD+0.0050%1h169.25+0.083%$410K$2.6M10xas long as short
SoDEX MSTR-USD+0.0050%1h169.28+0.101%$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h169.110.000%$737K$5.0M10xas long as short
Bitget MSTRUSDT+0.0068%8h169.31+0.118%$28.8M$119.7M25xas long as short
Paradex MSTR-USD-PERP+0.0070%8h169.26+0.088%$685xas long as short
Bybit MSTRUSDT+0.0091%8h169.30+0.112%$15.2M$41.1M50xas long as short
Pacifica MSTR+0.0100%1h169.27+0.096%$103K$137K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h169.20+0.053%$2.6M$2.8M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h169.27+0.095%$4K$979K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h169.28+0.101%$3K$12K10xas long as short
Aevo MSTR-PERPshort+0.0104%1h169.28+0.100%$14110x
Phoenix MSTR+0.0184%1h169.27+0.096%$57K$396K10xas long as short
edgeX MSTRUSDC+0.0358%4h169.27+0.095%$49K$5.4M10xas long as short
Arcus MSTR-USD+0.0432%1h169.35+0.142%$27K$134K10xas long as short
Injective MSTR/USDC PERP+0.0440%1h169.10−0.006%$13K$22K30xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0578%1h169.31+0.118%$288K$438K10xas long as short