Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Pacifica−0.089%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$710.708% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 4 days (all we have)+0.341%+$34 · spread now −0.089%, 7d avg −0.004%

Together, before fees+0.192%+ Points / potential airdropPacifica: Active · farm board+$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: KuCoin is 0.085% cheaper against Pacifica than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MSTR	164.72	0.0100	pay 0.0013% / 1h	33m 42s	$101K	$84K	10x
Short	KuCoin MSTRUSDTM	164.57	0.0100	get 0.0100% / 8h	5h 33m	$2.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → −0.004%: −$8.52
Slippage, 4 orders: −$50.84
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$79.37
Costs to cover: 0.708%
Break-even: never at this rate

Slippage from Pacifica: live order book, 29 min ago; KuCoin: 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 Pacifica live order book, 29 min ago	0.73 bp	4.7 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.74 bp	20.4 bp −$20	doesn't fit	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
Bitget MSTRUSDT	−0.1270%	8h	164.80	+0.051%	$27.7M	$114.3M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.61	−0.064%	$1.8M	$8.4M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.71	−0.004%	$20.8M	$99.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.83	+0.069%	$4.6M	$18.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.63	−0.053%	$2.8M	$71K	10x	as long as short
Variational Omni MSTR	+0.0029%	8h	164.54	−0.106%	$1.2M	$2.1M	—	as long as short
Lighter MSTR	+0.0032%	1h	164.59	−0.077%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.50	−0.135%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.807%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.48	−0.144%	$26K	$112K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.47	−0.150%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.54	−0.107%	$384K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.66	−0.034%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.34	−0.229%	$855K	$4.2M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	164.53	−0.113%	$1.4M	$7.6M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0079%	1h	164.56	−0.095%	$55.0M	$36.6M	10x	as long as short
Binance MSTRUSDT	+0.0097%	8h	164.75	+0.019%	$88.3M	$618.5M	50x	as long as short
Pacifica MSTRlong	+0.0100%	1h	164.72	long leg	$101K	$84K	10x
KuCoin MSTRUSDTMshort	+0.0100%	8h	164.57	−0.089%	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	164.28	−0.265%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.64	−0.047%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.63	−0.050%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0146%	8h	164.67	−0.030%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0158%	8h	164.48	−0.143%	$77K	$763K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.09	−0.380%	$1.4M	$1.1M	10x	as long as short
BloFin MSTR-USDT	+0.0215%	8h	164.57	−0.089%	$1.0M	$1.9M	20x	as long as short
Nado MSTR-PERP	+0.0220%	1h	164.46	−0.153%	$122K	$149K	3x	as long as short
edgeX MSTRUSDC	+0.0283%	4h	164.31	−0.250%	$49K	$5.4M	10x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	164.58	−0.080%	$269K	$447K	10x	as long as short
Phoenix MSTR	+0.0336%	1h	164.24	−0.290%	$55K	$227K	10x	as long as short
Bybit MSTRUSDT	+0.0350%	8h	164.80	+0.051%	$17.2M	$40.7M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0844%	1h	164.70	−0.010%	$280K	$438K	10x	as long as short