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 +0.032%

Price spread now: Aster against GRVT+0.117%70s7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.356% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 3 days (all we have)−0.427%−$43 · spread now +0.117%, 7d avg −0.041%

Together, before fees−0.417%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$42 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: Aster is 0.158% dearer against GRVT than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.041%. The two prices were read 70 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	GRVT MSTR_USDT_Perp	169.17	0	get 0.0000% / 8h	2h 36m	$83K	$960K	10x
Short	Aster MSTRUSDT	169.37	0	get 0.0000% / 8h	2h 36m	$1.3M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → −0.041%: $15.76
Slippage, 4 orders: −$18.63
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$19.87
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from GRVT: live order book, 51 min ago; Aster: live order book, 2 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 GRVT live order book, 51 min ago	1.47 bp	10.2 bp −$10	17.2 bp −$172	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.18 bp	7.4 bp −$7	327.9 bp −$3,279	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	−0.0145%	1h	169.34	+0.103%	$139K	$101K	3x	as long as short
Aster MSTRUSDTshort	0.0000%	8h	169.37	+0.117%	$1.3M	$6.2M	50x
Binance MSTRUSDT	0.0000%	8h	169.34	+0.101%	$88.7M	$629.3M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.30	+0.078%	$22.1M	$107.4M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.37	+0.119%	$299K	$435K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.27	+0.060%	$4.8M	$19.6M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.21	+0.022%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perplong	0.0000%	8h	169.17	long leg	$83K	$960K	10x
Phemex MSTRUSDT	0.0000%	4h	169.40	+0.137%	$2.9M	$56K	10x	as long as short
BloFin MSTR-USDT	+0.0019%	8h	169.36	+0.114%	$1.1M	$1.8M	20x	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	169.34	+0.102%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.21	+0.027%	$588K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0039%	1h	169.28	+0.066%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.43	+0.155%	—	$2.1M	25x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	169.11	−0.034%	$1.5M	$1.2M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	169.30	+0.078%	$56.8M	$38.0M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.32	+0.090%	$416K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.25	+0.049%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.10	−0.040%	$738K	$5.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0067%	8h	169.38	+0.126%	$68	—	5x	as long as short
Bitget MSTRUSDT	+0.0074%	8h	169.34	+0.102%	$28.9M	$119.6M	25x	as long as short
Bybit MSTRUSDT	+0.0088%	8h	169.39	+0.131%	$15.2M	$41.4M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	169.37	+0.117%	$103K	$137K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.28	+0.066%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.26	+0.054%	$4K	$1.0M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.34	+0.102%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.34	+0.101%	$141	—	10x	as long as short
Phoenix MSTR	+0.0184%	1h	169.22	+0.031%	$57K	$396K	10x	as long as short
edgeX MSTRUSDC	+0.0192%	4h	169.19	+0.014%	$49K	$5.4M	10x	as long as short
Arcus MSTR-USD	+0.0432%	1h	169.40	+0.137%	$27K	$134K	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	169.10	−0.040%	$13K	$22K	30x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0577%	1h	169.44	+0.161%	$288K	$438K	10x	as long as short