Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.090%

Price spread now: GRVT against Gate−0.046%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$470.475% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.291%−$29 on $10k

Price spread, last 3 days (all we have)+0.296%+$30 · spread now −0.046%, 7d avg +0.031%

Together, before fees+0.005%+ Points / potential airdropGRVT: Active · farm board$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.077% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSTR_USDT	169.26	0	get 0.0000% / 8h	1h 43m	$4.8M	$19.3M	50x
Short	GRVT MSTR_USDT_Perp	169.18	0	get 0.0000% / 8h	1h 43m	$74K	$935K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → +0.031%: −$7.67
Slippage, 4 orders: −$23.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$55.15
Costs to cover: 0.475%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; GRVT: live order book, 40 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	0.89 bp	13.6 bp −$14	39.7 bp −$397	doesn't fit	doesn't fit
Sell GRVT live order book, 40 min ago	1.47 bp	8.1 bp −$8	10.9 bp −$109	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
Nado MSTR-PERP	−0.0093%	1h	169.14	−0.073%	$139K	$97K	3x	as long as short
BloFin MSTR-USDT	−0.0023%	8h	169.28	+0.012%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.20	−0.035%	$1.3M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.31	+0.027%	$88.4M	$628.9M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.23	−0.018%	$22.1M	$106.9M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.23	−0.017%	$276K	$446K	10x	as long as short
Gate MSTR_USDTlong	0.0000%	8h	169.26	long leg	$4.8M	$19.3M	50x
Variational Omni MSTR	0.0000%	8h	169.03	−0.137%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perpshort	0.0000%	8h	169.18	−0.046%	$74K	$935K	10x
Phemex MSTRUSDT	0.0000%	4h	169.26	0.000%	$2.9M	$61K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.21	−0.030%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.14	−0.068%	$585K	$1.8M	10x	as long as short
QFEX MSTR-USD	+0.0042%	1h	169.24	−0.012%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.33	+0.041%	—	$2.1M	25x	as long as short
Bitget MSTRUSDT	+0.0046%	8h	169.30	+0.024%	$28.9M	$119.6M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.23	−0.018%	$401K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.20	−0.035%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.93	−0.195%	$752K	$5.1M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.93	−0.195%	$1.5M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0076%	8h	169.19	−0.039%	$68	—	5x	as long as short
Bybit MSTRUSDT	+0.0077%	8h	169.34	+0.047%	$15.2M	$40.8M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0086%	1h	169.23	−0.018%	$57.0M	$38.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.21	−0.031%	$103K	$114K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.15	−0.065%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.18	−0.047%	$4K	$619K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.23	−0.018%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.21	−0.031%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.00	−0.154%	$57K	$394K	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.25	−0.006%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0400%	4h	169.14	−0.068%	$48K	$5.4M	10x	as long as short
Arcus MSTR-USD	+0.0457%	1h	169.28	+0.012%	$27K	$134K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0578%	1h	169.27	+0.006%	$288K	$439K	10x	as long as short