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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+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h +0.019%
Price spread now: SoDEX against Extended+0.107%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 SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 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 +$1 a day on $10k at the current rate, and SoDEX is 0.107% dearer against Extended than usual: you sell high and buy low: +$11 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-USD163.680.0032pay 0.0004% / 1h50m 26s$596K$1.9M10x
ShortSoDEX MSTR-USD163.850.0071get 0.0009% / 1h50m 26s$43K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$8.18
Price spread: +0.107% → 0.000%
$10.69
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$5.87
Costs to cover
0.130%
Break-even
2.0 days
Slippage unknown: Extended: live order book, 3 min ago; SoDEX: 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 ago1.22 bp5.1 bp −$520.2 bp −$202doesn't fitdoesn't fit
Sell SoDEX no order-book sample—————
SoDEX: 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−0.0976%8h164.02+0.211%$27.1M$116.9M25xas long as short
Aster MSTRUSDT0.0000%8h163.84+0.101%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.95+0.168%$4.6M$19.2M50xas long as short
Phemex MSTRUSDT0.0000%4h164.05+0.229%$2.8M$77K10xas long as short
Extended MSTR_24_5-USDlong+0.0032%1h163.68long leg$596K$1.9M10x
Injective MSTR/USDC PERP+0.0033%1h169.34+3.461%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.85+0.107%$26K$109K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.56−0.070%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.82+0.089%$379K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.71+0.021%$830K$3.9M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0054%1h163.84+0.101%$1.4M$7.2M10xas long as short
OKX MSTR-USDT-SWAP+0.0063%8h163.82+0.089%$20.6M$99.4M50xas long as short
SoDEX MSTR-USDshort+0.0071%1h163.85+0.107%$43K$3K10x
RISEx MSTR/USDC+0.0088%1h163.91+0.144%$266K$446K10xas long as short
Pacifica MSTR+0.0100%1h163.84+0.103%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.73+0.034%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.59−0.052%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.78+0.064%$4K$8K10xas long as short
Variational Omni MSTR+0.0103%8h163.88+0.123%$1.2M$2.1M—as long as short
Aevo MSTR-PERP+0.0104%1h163.85+0.105%$136—10xas long as short
Paradex MSTR-USD-PERP+0.0110%8h163.84+0.099%$66—5xas long as short
GRVT MSTR_USDT_Perp+0.0160%8h163.86+0.113%$79K$838K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.064%$1.4M$1.1M10xas long as short
Binance MSTRUSDT+0.0171%8h163.82+0.089%$85.8M$619.5M50xas long as short
Lighter MSTR+0.0208%1h163.82+0.089%$3.5M$1.9M10xas long as short
BloFin MSTR-USDT+0.0287%8h163.93+0.156%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0331%8h163.94+0.162%$16.7M$41.2M50xas long as short
Nado MSTR-PERP+0.0343%1h163.70+0.012%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0356%1h163.80+0.076%$54.5M$37.1M10xas long as short
Phoenix MSTR+0.0362%1h163.69+0.010%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0496%4h163.67−0.005%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1155%1h163.88+0.125%$279K$438K10xas long as short