Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0952%/8h= +104.3% APRpaid last 24h +0.153%

Price spread now: edgeX against Gate−0.164%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.258%−$26 on $10k

Price spread, last 7 days+0.109%+$11 · spread now −0.164%, 7d avg −0.024%

Together, before fees−0.150%+ Points / potential airdropedgeX: Active · farm board−$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.140% cheaper against Gate than usual: you would sell low and buy high (spread −0.164% now, against its 7-day average of −0.024%). If the spread goes back, that is −$14 on $10k: about 12 hours of funding at the current rate (+$29 a day). Mind the row above: over the last 7 days funding on this pair cost −0.258%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.258% in total (about -13.5% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSTR_USDT	164.85	0	get 0.0000% / 8h	3h 59m	$4.6M	$18.7M	50x
Short	edgeX MSTRUSDC	164.58	0.0952	get 0.0476% / 4h	3h 59m	$49K	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.164%Rate

Funding earned: $199.98
Price spread: −0.164% → −0.024%: −$14
Slippage, 4 orders: −$23.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $138.3
Costs to cover: 0.477%
Break-even: 2.2 days

Slippage from Gate: live order book, 5 min ago; edgeX: live order book, 5 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 Gate live order book, 5 min ago	1.52 bp	12.1 bp −$12	36.1 bp −$361	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	5.77 bp	10.8 bp −$11	18.0 bp −$180	doesn't fit	doesn't fit

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	−0.0919%	8h	164.83	−0.012%	$27.9M	$115.2M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.60	−0.149%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDTlong	0.0000%	8h	164.85	long leg	$4.6M	$18.7M	50x
Phemex MSTRUSDT	0.0000%	4h	164.76	−0.055%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0024%	8h	164.76	−0.055%	$20.7M	$99.7M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.72	−0.079%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.62	−0.140%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.724%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.67	−0.109%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.65	−0.121%	—	$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	164.68	−0.103%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.71	−0.085%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.51	−0.206%	$859K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.73	−0.073%	$1.4M	$7.4M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0096%	1h	164.68	−0.103%	$54.9M	$37.0M	10x	as long as short
Variational Omni MSTR	+0.0097%	8h	164.61	−0.148%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.71	−0.084%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.67	−0.109%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.39	−0.279%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.75	−0.061%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.74	−0.068%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0144%	8h	164.72	−0.077%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.76	−0.055%	$87.0M	$615.7M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.443%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0172%	8h	164.57	−0.171%	$82K	$792K	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.55	−0.184%	$56K	$226K	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.77	−0.050%	$267K	$445K	10x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	164.79	−0.036%	$1.0M	$2.0M	20x	as long as short
Nado MSTR-PERP	+0.0317%	1h	164.57	−0.173%	$122K	$148K	3x	as long as short
Bybit MSTRUSDT	+0.0349%	8h	164.79	−0.036%	$17.0M	$40.8M	50x	as long as short
edgeX MSTRUSDCshort	+0.0952%	4h	164.58	−0.164%	$49K	$5.4M	10x
Deribit MSTR_USDC-PERPETUAL	+0.1025%	1h	164.87	+0.012%	$280K	$438K	10x	as long as short