Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h −0.023%

Price spread now: Vest against Gate−0.018%49s7-day average −0.892% · you buy dearer than you sell

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

Long on Gate Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.225%−$23 on $10k

Price spread, last 4 days (all we have)+1.309%+$131 · spread now −0.018%, 7d avg −0.892%

Together, before fees+1.084%+ Points / potential airdropVest: Active · farm board+$108 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Vest is 0.874% dearer against Gate than usual: you sell high and buy low: +$87 more if the spread goes back to its 7-day average of −0.892%. Mind the row above: over the last 3 days funding on this pair cost −0.225%, so the current rate has only just turned in your favour. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSTR_USDT	165.02	−0.0146	get 0.0146% / 8h	6h 25m	$4.6M	$19.0M	50x
Short	Vest MSTR-USD-PERP	164.99	0.0046	get 0.0006% / 1h	25m 39s	—	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.018%Rate

Funding earned: $40.25
Price spread: −0.018% → −0.892%: $87.4
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: $110.65
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Gate: live order book, 3 min ago; Vest: 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, 3 min ago	2.43 bp	11.5 bp −$12	29.2 bp −$292	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 31 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	−0.1024%	8h	165.15	+0.079%	$27.5M	$115.5M	25x	as long as short
Gate MSTR_USDTlong	−0.0146%	8h	165.02	long leg	$4.6M	$19.0M	50x
Aster MSTRUSDT	0.0000%	8h	165.06	+0.027%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	165.05	+0.018%	$20.9M	$100.7M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	165.07	+0.031%	$270K	$447K	10x	as long as short
Variational Omni MSTR	0.0000%	8h	165.11	+0.053%	$1.2M	$2.1M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.12	+0.061%	$2.8M	$68K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.84	−0.106%	$596K	$2.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.90	−0.073%	$27K	$113K	10x	as long as short
Vest MSTR-USD-PERPshort	+0.0046%	1h	164.99	−0.018%	—	$1.8M	25x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.71	−0.188%	$918K	$4.7M	10x	as long as short
Binance MSTRUSDT	+0.0054%	8h	165.03	+0.006%	$87.9M	$624.6M	50x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.96	−0.036%	$1.4M	$8.4M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.02	0.000%	$101K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.90	−0.073%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.62	−0.242%	$4K	$188K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.99	−0.018%	$3K	$8K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0101%	1h	164.99	−0.018%	$384K	$2.7M	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.01	−0.007%	$137	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0105%	8h	164.68	−0.206%	$79K	$810K	10x	as long as short
Lighter MSTR	+0.0112%	1h	164.97	−0.030%	$3.5M	$1.9M	10x	as long as short
SoDEX MSTR-USD	+0.0114%	1h	165.03	+0.006%	$43K	$3K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.89	−0.079%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0175%	8h	165.01	−0.008%	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0265%	1h	164.93	−0.055%	$55.3M	$36.5M	10x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.618%	$8K	$26K	30x	as long as short
Nado MSTR-PERP	+0.0378%	1h	164.74	−0.168%	$111K	$143K	3x	as long as short
Phoenix MSTR	+0.0381%	1h	164.86	−0.098%	$55K	$219K	10x	as long as short
Bybit MSTRUSDT	+0.0399%	8h	165.09	+0.042%	$17.2M	$41.2M	50x	as long as short
edgeX MSTRUSDC	+0.0591%	4h	164.76	−0.158%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1206%	1h	165.11	+0.055%	$281K	$438K	10x	as long as short