Funding arb · Price arb /

MSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h −0.006%

Price spread now: Aevo against Gate−0.041%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short 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—needs both histories

Funding pays, the price is against you. Aevo is 0.041% cheaper against Gate than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 23 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSTR_USDT	165.11	−0.0039	get 0.0039% / 8h	4h 51m	$4.6M	$18.4M	50x
Short	Aevo MSTR-PERP	165.04	0.0104	get 0.0013% / 1h	51m 57s	$137	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.041%Rate

Funding earned: $30.03
Price spread: −0.041% → 0.000%: −$4.11
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$5.08
Costs to cover: 0.310%
Break-even: 8.2 days

Slippage unknown: Gate: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	2.12 bp	10.3 bp −$10	32.1 bp −$321	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	−0.0792%	8h	165.12	+0.006%	$27.8M	$114.8M	25x	as long as short
Gate MSTR_USDTlong	−0.0039%	8h	165.11	long leg	$4.6M	$18.4M	50x
Aster MSTRUSDT	0.0000%	8h	165.10	−0.007%	$1.8M	$8.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.97	−0.085%	$2.8M	$71K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0005%	8h	165.00	−0.067%	$20.7M	$99.8M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.93	−0.109%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.84	−0.167%	$598K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.562%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	165.06	−0.033%	$268K	$449K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.26	+0.091%	$27K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSTR	+0.0044%	8h	165.37	+0.156%	$1.2M	$2.1M	—	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	165.11	0.000%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.98	−0.079%	$382K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.00	−0.067%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.99	−0.073%	$868K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.98	−0.079%	$1.4M	$7.5M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.03	−0.046%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.97	−0.085%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.99	−0.073%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.03	−0.048%	$3K	$8K	10x	as long as short
edgeX MSTRUSDC	+0.0103%	4h	165.22	+0.065%	$49K	$5.4M	10x	as long as short
Aevo MSTR-PERPshort	+0.0104%	1h	165.04	−0.041%	$137	—	10x
Binance MSTRUSDT	+0.0116%	8h	164.97	−0.087%	$87.7M	$616.8M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0132%	8h	165.21	+0.061%	$79K	$758K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0137%	8h	165.02	−0.053%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.73	−0.230%	$1.4M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0197%	1h	164.92	−0.115%	$54.9M	$36.8M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	165.22	+0.066%	$56K	$226K	10x	as long as short
BloFin MSTR-USDT	+0.0234%	8h	165.26	+0.091%	$1.0M	$2.0M	20x	as long as short
Nado MSTR-PERP	+0.0309%	1h	164.90	−0.126%	$122K	$148K	3x	as long as short
Bybit MSTRUSDT	+0.0360%	8h	165.07	−0.024%	$17.2M	$40.6M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0781%	1h	165.10	−0.006%	$281K	$438K	10x	as long as short