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

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
My alerts

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
My alerts

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+0.0346%/8h= +37.9% APRpaid last 24h +0.012%
Price spread now: tradeXYZ against OKX+0.031%7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Long on OKXShort on tradeXYZ
What this pair did over the last
the charts below follow
Funding, last 7 days+0.090%+$9 on $10k
Price spread, last 7 days−0.094%−$9 · spread now +0.031%, 7d avg −0.075%
Together, before fees−0.004%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and tradeXYZ is 0.106% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.075%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MSTR-USDT-SWAP163.340.0189pay 0.0189% / 8h53m 44s$20.8M$99.9M50x
ShorttradeXYZ xyz:MSTR163.390.0535get 0.0067% / 1h53m 44s$54.0M$37.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$72.66
Price spread: +0.031% → −0.075%
$10.57
Slippage, 4 orders
−$3.8
Fee OKX: 5 bp × 2 orders
−$10
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
$51.44
Costs to cover
0.318%
Break-even
2.0 days
Slippage from OKX: live order book, 5 min ago; tradeXYZ: live order book, 5 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 OKX live order book, 5 min ago0.31 bp6.3 bp −$610.3 bp −$10367.5 bp −$6,750doesn't fit
Sell tradeXYZ live order book, 5 min ago0.31 bp9.9 bp −$1013.0 bp −$130doesn'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−0.0571%8h163.53+0.116%$29.2M$119.0M25xas long as short
Gate MSTR_USDT0.0000%8h163.43+0.055%$4.7M$19.4M50xas long as short
Phemex MSTRUSDT0.0000%4h163.47+0.080%$2.8M$81K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.16−0.113%$503K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.673%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.52+0.110%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.32−0.012%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.41+0.043%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.36+0.012%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.13−0.129%$857K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MSTR+0.0056%1h163.31−0.018%$3.5M$2.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.45+0.067%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0069%8h163.22−0.072%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.51+0.102%$100K$88K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.33−0.006%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.29−0.031%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.340.000%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.38+0.025%$136—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−1.114%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0172%8h163.43+0.055%$65—5xas long as short
OKX MSTR-USDT-SWAPlong+0.0189%8h163.34long leg$20.8M$99.9M50x
Variational Omni MSTR+0.0193%8h163.27−0.040%$1.2M$2.0M—as long as short
Binance MSTRUSDT+0.0264%8h163.340.000%$84.1M$623.8M50xas long as short
GRVT MSTR_USDT_Perp+0.0276%8h163.50+0.096%$76K$839K10xas long as short
Phoenix MSTR+0.0328%1h163.46+0.071%$55K$223K10xas long as short
Nado MSTR-PERP+0.0359%1h163.36+0.011%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0383%8h163.39+0.031%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0411%8h163.41+0.043%$17.1M$41.8M50xas long as short
RISEx MSTR/USDC+0.0493%1h163.53+0.119%$266K$425K10xas long as short
tradeXYZ xyz:MSTRshort+0.0535%1h163.39+0.031%$54.0M$37.8M10x
edgeX MSTRUSDC+0.0851%4h163.35+0.006%$46K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0853%1h163.32−0.012%$278K$437K10xas long as short