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 +0.052%

Price spread now: Gate against OKX−0.024%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.024%, 7d avg +0.007%

Together, before fees+0.189%+$19 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: Gate is 0.030% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MSTR-USDT-SWAP	169.11	0	get 0.0000% / 8h	1h 35m	$22.0M	$106.7M	50x
Short	Gate MSTR_USDT	169.07	0	get 0.0000% / 8h	1h 35m	$4.8M	$19.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → +0.007%: −$3.04
Slippage, 4 orders: −$13.95
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$41.99
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 3 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 OKX live order book, 4 min ago	0.29 bp	6.1 bp −$6	9.6 bp −$96	56.7 bp −$5,674	doesn't fit
Sell Gate live order book, 3 min ago	1.48 bp	12.1 bp −$12	37.4 bp −$374	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	−0.0104%	1h	169.07	−0.025%	$139K	$97K	3x	as long as short
BloFin MSTR-USDT	−0.0006%	8h	169.20	+0.053%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.16	+0.030%	$1.2M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.10	−0.004%	$88.3M	$628.7M	50x	as long as short
OKX MSTR-USDT-SWAPlong	0.0000%	8h	169.11	long leg	$22.0M	$106.7M	50x
RISEx MSTR/USDC	0.0000%	1h	169.10	−0.006%	$275K	$446K	10x	as long as short
Gate MSTR_USDTshort	0.0000%	8h	169.07	−0.024%	$4.8M	$19.4M	50x
Variational Omni MSTR	0.0000%	8h	169.07	−0.026%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.23	+0.072%	$74K	$925K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.01	−0.059%	$2.9M	$61K	10x	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	169.01	−0.059%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.95	−0.095%	$585K	$1.8M	10x	as long as short
Bitget MSTRUSDT	+0.0035%	8h	169.15	+0.024%	$28.9M	$119.6M	25x	as long as short
QFEX MSTR-USD	+0.0042%	1h	169.05	−0.035%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.18	+0.041%	—	$2.1M	25x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0046%	1h	169.03	−0.047%	$287K	$439K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.99	−0.071%	$403K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.01	−0.059%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.02	−0.053%	$740K	$5.2M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.93	−0.106%	$1.5M	$1.2M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0059%	1h	169.06	−0.030%	$56.9M	$37.9M	10x	as long as short
Bybit MSTRUSDT	+0.0062%	8h	169.15	+0.024%	$15.2M	$40.8M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0072%	8h	169.01	−0.059%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.02	−0.055%	$103K	$114K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.06	−0.030%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.32	+0.124%	$4K	$552K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.12	+0.006%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.12	+0.006%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.22	+0.064%	$57K	$394K	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.29	+0.106%	$13K	$22K	30x	as long as short
Arcus MSTR-USD	+0.0457%	1h	169.17	+0.035%	$27K	$129K	10x	as long as short
edgeX MSTRUSDC	+0.0995%	4h	169.24	+0.074%	$48K	$5.4M	10x	as long as short