Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.017%

Price spread now: Pacifica against GRVT+0.139%52s7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as 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 Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 3 days (all we have)−0.413%−$41 · spread now +0.139%, 7d avg −0.042%

Together, before fees−0.271%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.181% dearer against GRVT than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.042%. The two prices were read 52 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	169.12	0	get 0.0000% / 8h	55m 50s	$83K	$875K	10x
Short	Pacifica MSTR	169.35	0.0100	get 0.0013% / 1h	55m 50s	$105K	$104K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.139%Rate

Funding earned: $21
Price spread: +0.139% → −0.042%: $18.07
Slippage, 4 orders: −$18.56
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $3.51
Costs to cover: 0.356%
Break-even: 5.8 days

Slippage from GRVT: live order book, 22 min ago; Pacifica: live order book, 22 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, 22 min ago	1.48 bp	8.4 bp −$8	15.6 bp −$156	doesn't fit	doesn't fit
Sell Pacifica live order book, 22 min ago	2.60 bp	13.8 bp −$14	doesn't fit	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
BloFin MSTR-USDT	−0.0023%	8h	169.38	+0.155%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.19	+0.040%	$1.2M	$6.1M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.51	+0.232%	$89.5M	$629.0M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.49	+0.220%	$22.1M	$106.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.44	+0.190%	$4.8M	$19.3M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.02	−0.057%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perplong	0.0000%	8h	169.12	long leg	$83K	$875K	10x
Phemex MSTRUSDT	0.0000%	4h	169.40	+0.167%	$2.9M	$64K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.46	+0.200%	$276K	$442K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.25	+0.077%	$585K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	+0.0042%	8h	169.47	+0.208%	$28.8M	$120.6M	25x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.46	+0.202%	—	$2.1M	25x	as long as short
Nado MSTR-PERP	+0.0047%	1h	169.33	+0.124%	$139K	$97K	3x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.41	+0.173%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.36	+0.143%	$393K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.26	+0.084%	$781K	$5.1M	10x	as long as short
Bybit MSTRUSDT	+0.0077%	8h	169.52	+0.238%	$15.2M	$40.6M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	169.09	−0.017%	$1.5M	$1.2M	10x	as long as short
Pacifica MSTRshort	+0.0100%	1h	169.35	+0.139%	$105K	$104K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	169.24	+0.072%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.03	−0.052%	$4K	$395K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.40	+0.167%	$3K	$11K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0100%	8h	169.33	+0.125%	$68	—	5x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.08	−0.023%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.41	+0.171%	$141	—	10x	as long as short
Lighter MSTR	+0.0112%	1h	169.47	+0.208%	$3.6M	$2.4M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0150%	1h	169.43	+0.184%	$57.2M	$37.5M	10x	as long as short
SoDEX MSTR-USD	+0.0226%	1h	169.41	+0.173%	$44K	$3K	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.20	+0.048%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0434%	4h	169.14	+0.012%	$47K	$5.5M	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.45	+0.196%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1049%	1h	169.56	+0.261%	$288K	$439K	10x	as long as short