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+0.0493%/8h= +54.0% APRpaid last 24h +0.100%
Price spread now: RISEx against Phemex−0.131%7-day average −0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on PhemexShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.359%+$36 on $10k
Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.131%, 7d avg −0.004%
Together, before fees+0.526%+$53 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.127% cheaper against Phemex than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of −0.004%). If the spread goes back, that is −$13 on $10k: about 21 hours of funding at the current rate (+$15 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex MSTRUSDT163.720get 0.0000% / 4h37m 26s$2.8M$82K10x
ShortRISEx MSTR/USDC163.500.0493get 0.0062% / 1h37m 26s$266K$417K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Phemex. 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
$103.55
Price spread: −0.131% → −0.004%
−$12.74
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee RISEx: 3 bp × 2 orders
−$6
Net
$72.8
Costs to cover
0.180%
Break-even
2.1 days
Slippage unknown: Phemex: live order book, 6 min ago; RISEx: live order book, 1 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 Phemex live order book, 6 min ago2.74 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell RISEx live order book, 1 min ago0.61 bp3.6 bp −$44.4 bp −$44doesn'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−0.0381%8h163.63−0.055%$29.4M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h163.53−0.116%$4.7M$19.5M50xas long as short
Phemex MSTRUSDTlong0.0000%4h163.72long leg$2.8M$82K10x
Extended MSTR_24_5-USD+0.0032%1h163.39−0.199%$502K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.433%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.92+0.122%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.43−0.177%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.41−0.189%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.63−0.055%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.79+0.043%$868K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0067%1h163.50−0.134%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0079%8h163.46−0.158%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.44−0.172%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.41−0.189%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.92+0.122%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.65−0.043%$2K$13K10xas long as short
Lighter MSTR+0.0104%1h163.35−0.226%$3.5M$2.0M10xas long as short
Aevo MSTR-PERP+0.0104%1h163.51−0.127%$136—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−1.344%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0168%8h163.44−0.170%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0199%8h163.41−0.189%$20.9M$99.9M50xas long as short
Variational Omni MSTR+0.0202%8h164.04+0.197%$1.2M$2.0M—as long as short
Binance MSTRUSDT+0.0273%8h163.42−0.183%$84.2M$620.8M50xas long as short
GRVT MSTR_USDT_Perp+0.0282%8h163.75+0.017%$85K$849K10xas long as short
Nado MSTR-PERP+0.0301%1h163.37−0.212%$125K$165K3xas long as short
Phoenix MSTR+0.0357%1h163.61−0.070%$56K$223K10xas long as short
BloFin MSTR-USDT+0.0393%8h163.77+0.031%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0416%8h163.46−0.159%$17.1M$41.7M50xas long as short
RISEx MSTR/USDCshort+0.0493%1h163.50−0.131%$266K$417K10x
tradeXYZ xyz:MSTR+0.0511%1h163.48−0.147%$54.0M$37.5M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0606%1h163.70−0.012%$278K$437K10xas long as short
edgeX MSTRUSDC+0.0677%4h163.81+0.053%$46K$5.4M10xas long as short