Settings8H · net · $10k
Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against KuCoin+0.022%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$710.708% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.148%+$15 on $10k
Price spread, last 4 days (all we have)−0.274%−$27 · spread now +0.022%, 7d avg +0.004%
Together, before fees−0.126%+ Points / potential airdropPacifica: Active · farm board−$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MSTRUSDTM164.680.0100pay 0.0100% / 8h5h 33m$2.4M$2.7M20x
ShortPacifica MSTR164.720.0100get 0.0013% / 1h33m 13s$101K$84K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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

Funding earned
$0
Price spread: +0.022% → +0.004%
$1.85
Slippage, 4 orders
−$50.84
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$68.99
Costs to cover
0.708%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; Pacifica: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 4 min ago2.74 bp33.3 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell Pacifica live order book, 29 min ago0.73 bp12.4 bp −$12doesn't fitdoesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.1263%8h164.88+0.121%$27.7M$114.3M25xas long as short
Aster MSTRUSDT0.0000%8h164.65−0.017%$1.8M$8.4M50xas long as short
OKX MSTR-USDT-SWAP0.0000%8h164.72+0.024%$20.9M$99.5M50xas long as short
Gate MSTR_USDT0.0000%8h164.86+0.109%$4.6M$18.5M50xas long as short
Phemex MSTRUSDT0.0000%4h164.72+0.024%$2.8M$71K10xas long as short
Variational Omni MSTR+0.0029%8h164.54−0.083%$1.2M$2.1Mas long as short
Lighter MSTR+0.0032%1h164.72+0.024%$3.5M$1.9M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h164.63−0.030%$594K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+2.830%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h164.55−0.079%$26K$112K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest MSTR-USD-PERP+0.0046%1h164.58−0.061%$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h164.65−0.018%$384K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h164.74+0.036%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h164.35−0.200%$855K$4.2M10xas long as short
QFEX MSTR-USD+0.0060%1h164.72+0.024%$1.4M$7.6M10xas long as short
tradeXYZ xyz:MSTR+0.0079%1h164.62−0.036%$55.0M$36.6M10xas long as short
Binance MSTRUSDT+0.0097%8h164.79+0.067%$88.3M$618.5M50xas long as short
Pacifica MSTRshort+0.0100%1h164.72+0.022%$101K$84K10x
KuCoin MSTRUSDTMlong+0.0100%8h164.68long leg$2.4M$2.7M20x
ApeX Omni MSTRUSDT+0.0100%1h164.51−0.103%$4K$184K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h164.74+0.036%$3K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h164.75+0.041%$13710xas long as short
Paradex MSTR-USD-PERP+0.0146%8h164.67−0.008%$665xas long as short
GRVT MSTR_USDT_Perp+0.0164%8h164.63−0.030%$77K$763K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0200%1h164.09−0.358%$1.4M$1.1M10xas long as short
BloFin MSTR-USDT+0.0217%8h164.78+0.061%$1.0M$2.0M20xas long as short
Nado MSTR-PERP+0.0221%1h164.53−0.093%$122K$149K3xas long as short
RISEx MSTR/USDC+0.0291%1h164.75+0.045%$270K$447K10xas long as short
Phoenix MSTR+0.0336%1h164.64−0.022%$56K$227K10xas long as short
Bybit MSTRUSDT+0.0350%8h164.86+0.109%$17.2M$40.7M50xas long as short
edgeX MSTRUSDC+0.0681%4h164.52−0.096%$49K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0965%1h164.82+0.085%$280K$438K10xas long as short