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Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%
Price spread now: Vest against KuCoin+0.049%7-day average −0.379% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Vest
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.034%+$3 on $10k
Price spread, last 7 days+0.048%+$5 · spread now +0.049%, 7d avg −0.379%
Together, before fees+0.083%+ Points / potential airdropVest: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.428% dearer against KuCoin than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of −0.379%): +$43 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 26 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MSTRUSDTM163.180.0100pay 0.0100% / 8h36m 01s$2.4M$2.7M20x
ShortVest MSTR-USD-PERP163.260.0046get 0.0006% / 1h36m 01s—$1.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
−$11.41
Price spread: +0.049% → −0.379%
$42.8
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Vest: 1 bp × 2 orders
−$2
Net
$17.39
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: KuCoin: live order book, 11 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 11 min ago2.44 bp27.8 bp −$28doesn't fitdoesn't fitdoesn'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 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−0.0380%8h163.45+0.165%$29.4M$119.0M25xas long as short
Gate MSTR_USDT0.0000%8h163.33+0.092%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.47+0.178%$2.8M$82K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.12−0.037%$502K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.775%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.80+0.380%$26K$113K10xas long as short
Vest MSTR-USD-PERPshort+0.0046%1h163.26+0.049%—$1.8M25x
Polymarket Perps MSTR-USD+0.0050%1h163.25+0.043%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.28+0.061%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.31+0.080%$864K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0067%1h163.26+0.049%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0079%8h163.21+0.021%$1.8M$8.7M50xas long as short
Lighter MSTR+0.0096%1h163.20+0.012%$3.5M$2.0M10xas long as short
Pacifica MSTR+0.0100%1h163.33+0.090%$100K$89K10xas long as short
KuCoin MSTRUSDTMlong+0.0100%8h163.18long leg$2.4M$2.7M20x
ApeX Omni MSTRUSDT+0.0100%1h163.92+0.453%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.25+0.043%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.14−0.023%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−1.017%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0167%8h163.35+0.104%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0201%8h163.28+0.061%$20.9M$99.9M50xas long as short
Variational Omni MSTR+0.0202%8h164.04+0.529%$1.2M$2.0M—as long as short
Binance MSTRUSDT+0.0273%8h163.22+0.027%$84.1M$621.1M50xas long as short
GRVT MSTR_USDT_Perp+0.0282%8h163.75+0.348%$85K$849K10xas long as short
Nado MSTR-PERP+0.0288%1h163.17−0.005%$125K$165K3xas long as short
Phoenix MSTR+0.0357%1h163.61+0.261%$56K$223K10xas long as short
BloFin MSTR-USDT+0.0393%8h163.41+0.141%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0414%8h163.28+0.061%$17.1M$41.7M50xas long as short
RISEx MSTR/USDC+0.0493%1h163.31+0.080%$265K$417K10xas long as short
tradeXYZ xyz:MSTR+0.0510%1h163.30+0.074%$53.9M$37.5M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0670%1h163.24+0.037%$278K$437K10xas long as short
edgeX MSTRUSDC+0.0677%4h163.81+0.385%$46K$5.4M10xas long as short