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

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0407%/8h= −44.6% APRpaid last 24h −0.129%
Price spread now: BloFin against edgeX−0.011%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$360.363% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.161%+$16 on $10k
Price spread, last 4 days (all we have)−0.369%−$37 · spread now −0.011%, 7d avg +0.017%
Together, before fees−0.208%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and BloFin is 0.028% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.017%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.161%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.161% in total (about 8.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX MSTRUSDC163.620.0834pay 0.0417% / 4h3h 48m$47K$5.4M10x
ShortBloFin MSTR-USDT163.600.0426get 0.0426% / 8h7h 48m$1.0M$2.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against edgeX. 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
−$85.57
Price spread: −0.011% → +0.017%
−$2.8
Slippage, 4 orders
−$15.26
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$124.63
Costs to cover
0.363%
Break-even
never at this rate
Slippage from edgeX: live order book, 1 min ago; BloFin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 1 min ago5.20 bp10.7 bp −$1117.6 bp −$176doesn't fitdoesn't fit
Sell BloFin live order book, 4 min ago0.61 bp7.3 bp −$710.4 bp −$10425.7 bp −$2,566doesn't fit

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
Bitget MSTRUSDT−0.0238%8h163.66+0.025%$30.1M$118.5M25xas long as short
Phemex MSTRUSDT0.0000%4h163.58−0.024%$2.8M$85K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.31−0.187%$592K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.497%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.64+0.013%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.47−0.091%$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.35−0.164%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.53−0.054%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.77+0.092%$892K$3.7M10xas long as short
QFEX MSTR-USD+0.0061%1h163.48−0.085%$1.3M$7.1M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MSTR+0.0072%1h163.47−0.091%$3.5M$1.7M10xas long as short
Gate MSTR_USDT+0.0084%8h163.67+0.031%$4.7M$18.4M50xas long as short
Pacifica MSTR+0.0100%1h163.48−0.087%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.52−0.060%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.46−0.097%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.64+0.013%$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.57−0.031%$13610xas long as short
Aster MSTRUSDT+0.0117%8h163.60−0.009%$1.8M$8.7M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.610%$1.4M$1.1M10xas long as short
Nado MSTR-PERP+0.0151%1h163.31−0.188%$125K$165K3xas long as short
Paradex MSTR-USD-PERP+0.0153%8h163.52−0.062%$655xas long as short
Variational Omni MSTR+0.0218%8h163.95+0.201%$1.2M$2.0Mas long as short
OKX MSTR-USDT-SWAP+0.0224%8h163.62+0.001%$20.9M$99.4M50xas long as short
Binance MSTRUSDT+0.0310%8h163.61−0.008%$84.3M$619.0M50xas long as short
RISEx MSTR/USDC+0.0400%1h163.53−0.053%$269K$417K10xas long as short
tradeXYZ xyz:MSTR+0.0408%1h163.59−0.018%$53.9M$37.5M10xas long as short
BloFin MSTR-USDTshort+0.0426%8h163.60−0.011%$1.0M$2.1M20x
Phoenix MSTR+0.0460%1h163.66+0.028%$56K$223K10xas long as short
Bybit MSTRUSDT+0.0618%8h163.59−0.018%$17.2M$41.3M50xas long as short
edgeX MSTRUSDClong+0.0834%4h163.62long leg$47K$5.4M10x
GRVT MSTR_USDT_Perp+0.0900%8h163.72+0.063%$80K$838K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1097%1h163.50−0.073%$278K$432K10xas long as short