Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.044%

Price spread now: Binance against Extended+0.031%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 7 days+0.026%+$3 · spread now +0.031%, 7d avg +0.116%

Together, before fees−0.029%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.085% cheaper against Extended than usual: you would sell low and buy high (spread +0.031% now, against its 7-day average of +0.116%). If the spread goes back, that is −$9 on $10k: about 2.3 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	163.57	0.0032	pay 0.0004% / 1h	9m 24s	$588K	$1.9M	10x
Short	Binance MSTRUSDT	163.62	0.0154	get 0.0154% / 8h	3h 09m	$85.9M	$618.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee ExtendedbpFee BinancebpOrdersPrice spread, now +0.031%Rate

Funding earned: $25.7
Price spread: +0.031% → +0.116%: −$8.51
Slippage, 4 orders: −$11.66
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$9.47
Costs to cover: 0.267%
Break-even: 9.6 days

Slippage from Extended: live order book, 4 min ago; Binance: live order book, 4 min ago.

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 Extended live order book, 4 min ago	2.44 bp	8.5 bp −$8	26.4 bp −$264	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.31 bp	5.7 bp −$6	9.1 bp −$91	27.3 bp −$2,727	46.6 bp −$23.3K

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
Bitget MSTRUSDT	−0.0965%	8h	163.89	+0.196%	$27.1M	$116.6M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.59	+0.012%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.69	+0.073%	$4.6M	$19.3M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.81	+0.147%	$2.8M	$77K	10x	as long as short
Lighter MSTR	+0.0032%	1h	163.72	+0.092%	$3.5M	$2.0M	10x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	163.57	long leg	$588K	$1.9M	10x
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.528%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.86	+0.177%	$26K	$110K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0041%	8h	163.62	+0.031%	$20.7M	$98.8M	50x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.46	−0.067%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	163.64	+0.043%	$379K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.66	+0.055%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.45	−0.073%	$817K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	163.68	+0.067%	$1.4M	$7.3M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0069%	8h	163.71	+0.087%	$65	—	5x	as long as short
Variational Omni MSTR	+0.0091%	8h	163.69	+0.076%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	163.70	+0.079%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.65	+0.049%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.77	+0.122%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.59	+0.012%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.59	+0.012%	$136	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0151%	8h	163.84	+0.166%	$83K	$837K	10x	as long as short
Binance MSTRUSDTshort	+0.0154%	8h	163.62	+0.031%	$85.9M	$618.9M	50x
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.84	+0.165%	$1.4M	$1.1M	10x	as long as short
edgeX MSTRUSDC	+0.0190%	4h	163.81	+0.144%	$48K	$5.3M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	163.72	+0.092%	$265K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0240%	1h	163.61	+0.027%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0253%	1h	163.63	+0.037%	$54.5M	$37.0M	10x	as long as short
BloFin MSTR-USDT	+0.0275%	8h	163.78	+0.128%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0312%	8h	163.65	+0.049%	$16.6M	$41.2M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	163.78	+0.128%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0545%	1h	163.69	+0.073%	$278K	$438K	10x	as long as short