Funding arb · Price arb /

MSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against KuCoin+0.069%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.069% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSTRUSDTM	162.34	0.0100	pay 0.0100% / 8h	2h 31m	$2.4M	$2.7M	20x
Short	Aevo MSTR-PERP	162.45	0.0104	get 0.0013% / 1h	31m 16s	$135	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now +0.069%Rate

Funding earned: $0.84
Price spread: +0.069% → 0.000%: $6.91
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$20.25
Costs to cover: 0.280%
Break-even: 175.8 days

Slippage unknown: KuCoin: live order book, 11 min ago; Aevo: 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 KuCoin live order book, 11 min ago	2.76 bp	30.4 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 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	−0.1108%	8h	162.56	+0.136%	$27.0M	$117.7M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	162.38	+0.024%	$1.7M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.45	+0.068%	$4.6M	$19.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.98	+0.394%	$2.7M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.16	−0.108%	$513K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.312%	$8K	$26K	30x	as long as short
Vest MSTR-USD-PERP	+0.0037%	1h	162.04	−0.185%	—	$1.8M	25x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.73	+0.240%	$26K	$109K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.30	−0.025%	$375K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.28	−0.037%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.28	−0.037%	$867K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	162.40	+0.037%	$1.4M	$7.2M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	162.44	+0.062%	$263K	$443K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0093%	8h	162.34	0.000%	$20.5M	$99.8M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	162.41	+0.041%	$100K	$84K	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0100%	8h	162.34	long leg	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	162.29	−0.031%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.32	−0.012%	$3K	$8K	10x	as long as short
Aevo MSTR-PERPshort	+0.0104%	1h	162.45	+0.069%	$135	—	10x
Variational Omni MSTR	+0.0124%	8h	163.00	+0.406%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0153%	8h	162.36	+0.010%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	162.54	+0.123%	$1.4M	$1.1M	10x	as long as short
Lighter MSTR	+0.0184%	1h	162.38	+0.025%	$3.4M	$1.9M	10x	as long as short
Binance MSTRUSDT	+0.0197%	8h	162.35	+0.006%	$84.3M	$625.0M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0207%	8h	162.62	+0.172%	$79K	$831K	10x	as long as short
BloFin MSTR-USDT	+0.0315%	8h	162.57	+0.142%	$1.0M	$2.1M	20x	as long as short
Phoenix MSTR	+0.0362%	1h	162.58	+0.147%	$55K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0366%	1h	162.28	−0.037%	$54.0M	$37.2M	10x	as long as short
Bybit MSTRUSDT	+0.0372%	8h	162.43	+0.055%	$16.6M	$41.3M	50x	as long as short
Nado MSTR-PERP	+0.0384%	1h	162.30	−0.022%	$130K	$156K	3x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0675%	1h	162.36	+0.012%	$276K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0858%	4h	162.53	+0.118%	$48K	$5.4M	10x	as long as short