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Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
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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 07:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h −0.036%
Price spread now: Vest against OKX−0.006%7-day average −0.417% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on OKXShort on Vest
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.016%−$2 on $10k
Price spread, last 7 days+0.007%+$1 · spread now −0.006%, 7d avg −0.417%
Together, before fees−0.009%+ Points / potential airdropVest: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.411% dearer against OKX than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.417%): +$41 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 3 days (−0.016% in total) that is about 3 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MSTR-USDT-SWAP163.640.0175pay 0.0175% / 8h1h 03m$20.9M$100.3M50x
ShortVest MSTR-USD-PERP163.630.0046get 0.0006% / 1h3m 20s—$1.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$27.23
Price spread: −0.006% → −0.417%
$41.06
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Vest: 1 bp × 2 orders
−$2
Net
$1.83
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: OKX: live order book, 6 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 OKX live order book, 6 min ago0.31 bp7.2 bp −$712.1 bp −$121doesn'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−0.0605%8h163.74+0.061%$29.2M$118.7M25xas long as short
Gate MSTR_USDT0.0000%8h163.79+0.092%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.69+0.031%$2.8M$80K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.54−0.061%$507K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.483%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.77+0.079%$26K$113K10xas long as short
Vest MSTR-USD-PERPshort+0.0046%1h163.63−0.006%—$1.8M25x
Polymarket Perps MSTR-USD+0.0050%1h163.68+0.024%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.69+0.031%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.41−0.141%$847K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.74+0.061%$1.3M$7.2M10xas long as short
Aster MSTRUSDT+0.0060%8h163.54−0.060%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.69+0.033%$100K$88K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.640.000%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.55−0.055%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.59−0.031%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.62−0.009%$136—10xas long as short
Lighter MSTR+0.0112%1h163.71+0.043%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.296%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0167%8h163.66+0.012%$65—5xas long as short
OKX MSTR-USDT-SWAPlong+0.0175%8h163.64long leg$20.9M$100.3M50x
Variational Omni MSTR+0.0182%8h163.75+0.065%$1.2M$2.1M—as long as short
tradeXYZ xyz:MSTR+0.0248%1h163.68+0.024%$54.1M$37.8M10xas long as short
Binance MSTRUSDT+0.0257%8h163.67+0.018%$84.1M$625.3M50xas long as short
GRVT MSTR_USDT_Perp+0.0271%8h163.74+0.060%$76K$865K10xas long as short
Phoenix MSTR+0.0328%1h163.78+0.086%$56K$223K10xas long as short
Nado MSTR-PERP+0.0360%1h163.62−0.009%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0376%8h163.77+0.079%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.74+0.061%$266K$426K10xas long as short
Bybit MSTRUSDT+0.0399%8h163.70+0.037%$17.1M$41.8M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0851%1h163.69+0.031%$278K$437K10xas long as short
edgeX MSTRUSDC+0.0963%4h163.78+0.083%$46K$5.4M10xas long as short