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Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.014%
Price spread now: Aevo against Extended+0.186%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Aevo
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 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.186% dearer against Extended than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MSTR_24_5-USD163.440.0032pay 0.0004% / 1h55m 24s$599K$1.9M10x
ShortAevo MSTR-PERP163.750.0104get 0.0013% / 1h55m 24s$136—10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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
$15.12
Price spread: +0.186% → 0.000%
$18.55
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aevo: 8 bp × 2 orders
−$16
Net
$12.67
Costs to cover
0.210%
Break-even
1.1 days
Slippage unknown: Extended: live order book, 3 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 Extended live order book, 3 min ago3.37 bp6.8 bp −$721.7 bp −$217doesn'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
Bitget MSTRUSDT−0.0986%8h163.79+0.211%$27.0M$116.9M25xas long as short
Aster MSTRUSDT0.0000%8h163.57+0.076%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.72+0.168%$4.6M$19.1M50xas long as short
Phemex MSTRUSDT0.0000%4h164.00+0.340%$2.8M$77K10xas long as short
Extended MSTR_24_5-USDlong+0.0032%1h163.44long leg$599K$1.9M10x
Injective MSTR/USDC PERP+0.0033%1h169.34+3.607%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.75+0.187%$26K$109K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.33−0.070%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.56+0.070%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.72+0.168%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX MSTR-USDT-SWAP+0.0050%8h163.60+0.095%$20.7M$99.0M50xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.65+0.125%$817K$3.9M10xas long as short
QFEX MSTR-USD+0.0054%1h163.65+0.125%$1.4M$7.2M10xas long as short
Lighter MSTR+0.0056%1h163.59+0.089%$3.5M$1.9M10xas long as short
Paradex MSTR-USD-PERP+0.0085%8h163.59+0.088%$65—5xas long as short
RISEx MSTR/USDC+0.0088%1h163.63+0.113%$265K$446K10xas long as short
Variational Omni MSTR+0.0094%8h163.78+0.206%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.65+0.126%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.48+0.021%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.61+0.101%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.73+0.174%$4K$8K10xas long as short
Aevo MSTR-PERPshort+0.0104%1h163.75+0.186%$136—10x
GRVT MSTR_USDT_Perp+0.0153%8h163.82+0.229%$83K$824K10xas long as short
Binance MSTRUSDT+0.0160%8h163.57+0.075%$85.8M$619.3M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57+0.076%$1.4M$1.1M10xas long as short
Nado MSTR-PERP+0.0277%1h163.41−0.021%$121K$148K3xas long as short
BloFin MSTR-USDT+0.0278%8h163.79+0.211%$1.0M$2.1M20xas long as short
tradeXYZ xyz:MSTR+0.0284%1h163.49+0.028%$54.4M$37.1M10xas long as short
Bybit MSTRUSDT+0.0319%8h163.65+0.125%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h163.63+0.111%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0842%4h163.64+0.119%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0850%1h163.78+0.205%$279K$438K10xas long as short