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 07:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.033%
Price spread now: tradeXYZ against Orderly−0.092%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on OrderlyShort on tradeXYZ
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories
Funding pays, the price is against you. tradeXYZ is 0.092% cheaper against Orderly than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.0 days of funding at the current rate (+$5 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_MSTR_USDC_mythos163.820.0100pay 0.0100% / 8h1h 16m$2K$13K10x
ShorttradeXYZ xyz:MSTR163.670.0252get 0.0031% / 1h16m 28s$54.2M$37.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ against Orderly. 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
$31.84
Price spread: −0.092% → 0.000%
−$9.16
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$1.32
Costs to cover
0.240%
Break-even
7.3 days
Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 3 min ago. 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 Orderly no order-book sample—————
Sell tradeXYZ live order book, 3 min ago0.61 bp10.6 bp −$1113.2 bp −$132doesn't fitdoesn't fit
Orderly: 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−0.0759%8h163.88+0.037%$29.2M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h163.78−0.024%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.88+0.037%$2.8M$79K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.49−0.201%$511K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.370%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.79−0.018%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.73−0.055%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.63−0.116%$379K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.51−0.189%$850K$3.9M10xas long as short
Aster MSTRUSDT+0.0054%8h163.58−0.145%$1.8M$8.7M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.72−0.061%$1.3M$7.2M10xas long as short
Pacifica MSTR+0.0100%1h163.69−0.078%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.60−0.134%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.62−0.122%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythoslong+0.0100%8h163.82long leg$2K$13K10x
Aevo MSTR-PERP+0.0104%1h163.80−0.011%$136—10xas long as short
Lighter MSTR+0.0128%1h163.68−0.085%$3.5M$2.0M10xas long as short
SoDEX MSTR-USD+0.0137%1h163.81−0.006%$43K$3K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.404%$1.4M$1.1M10xas long as short
OKX MSTR-USDT-SWAP+0.0165%8h163.74−0.049%$20.9M$100.7M50xas long as short
Variational Omni MSTR+0.0166%8h163.76−0.039%$1.2M$2.1M—as long as short
Paradex MSTR-USD-PERP+0.0168%8h163.69−0.077%$65—5xas long as short
Binance MSTRUSDT+0.0251%8h163.72−0.064%$84.0M$626.8M50xas long as short
tradeXYZ xyz:MSTRshort+0.0252%1h163.67−0.092%$54.2M$37.2M10x
GRVT MSTR_USDT_Perp+0.0267%8h163.79−0.016%$84K$878K10xas long as short
Phoenix MSTR+0.0328%1h163.73−0.057%$56K$223K10xas long as short
Nado MSTR-PERP+0.0364%1h163.59−0.143%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0371%8h163.87+0.031%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.74−0.049%$265K$428K10xas long as short
Bybit MSTRUSDT+0.0389%8h163.71−0.067%$17.1M$41.9M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0912%1h163.77−0.031%$279K$437K10xas long as short
edgeX MSTRUSDC+0.0965%4h163.78−0.026%$46K$5.4M10xas long as short