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 09:00 UTC−0.0664%/8h= −72.7% APRpaid last 24h −0.102%
Price spread now: Bitget against RISEx+0.033%48s7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$240.245% of the position
Long on RISExShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.350%−$35 on $10k
Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.033%, 7d avg −0.001%
Together, before fees−0.444%−$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.033% dearer against RISEx than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.001%): +$3 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 4 days (−0.350% in total) that is about 9 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx MSTR/USDC163.690.0400pay 0.0050% / 1h49m 54s$269K$417K10x
ShortBitget MSTRUSDT163.74−0.0264pay 0.0264% / 8h7h 49m$30.1M$118.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against RISEx. 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
−$139.5
Price spread: +0.033% → −0.001%
$3.33
Slippage, 4 orders
−$6.46
Fee RISEx: 3 bp × 2 orders
−$6
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$160.62
Costs to cover
0.245%
Break-even
never at this rate
Slippage from RISEx: live order book, 48 min ago; Bitget: live order book, 4 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 RISEx live order book, 48 min ago0.61 bp3.6 bp −$45.2 bp −$52doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago0.61 bp8.4 bp −$815.1 bp −$15133.9 bp −$3,385doesn'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 MSTRUSDTshort−0.0264%8h163.74+0.033%$30.1M$118.7M25x
Phemex MSTRUSDT0.0000%4h163.56−0.077%$2.8M$85K10xas long as short
Gate MSTR_USDT+0.0009%8h163.75+0.039%$4.7M$18.4M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.40−0.175%$592K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.454%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.73+0.026%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.65−0.022%—$1.7M25xas long as short
Lighter MSTR+0.0048%1h163.48−0.126%$3.5M$1.7M10xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.50−0.114%$378K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.77+0.051%$892K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0061%1h163.64−0.029%$1.4M$7.1M10xas long as short
SoDEX MSTR-USD+0.0095%1h163.49−0.120%$43K$3K10xas long as short
Pacifica MSTR+0.0100%1h163.71+0.012%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.59−0.059%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.46−0.138%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.38−0.187%$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.51−0.105%$136—10xas long as short
Aster MSTRUSDT+0.0107%8h163.66−0.018%$1.8M$8.7M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.652%$1.4M$1.1M10xas long as short
Nado MSTR-PERP+0.0128%1h163.52−0.101%$125K$165K3xas long as short
Paradex MSTR-USD-PERP+0.0140%8h163.70+0.009%$65—5xas long as short
Variational Omni MSTR+0.0218%8h163.95+0.160%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0218%8h163.67−0.010%$20.9M$99.5M50xas long as short
Binance MSTRUSDT+0.0302%8h163.64−0.031%$84.3M$619.1M50xas long as short
tradeXYZ xyz:MSTR+0.0386%1h163.61−0.047%$54.0M$37.5M10xas long as short
RISEx MSTR/USDClong+0.0400%1h163.69long leg$269K$417K10x
BloFin MSTR-USDT+0.0417%8h163.94+0.155%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0460%1h163.66−0.014%$56K$223K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0484%1h163.53−0.096%$278K$432K10xas long as short
Bybit MSTRUSDT+0.0499%8h163.69+0.002%$17.1M$41.3M50xas long as short
edgeX MSTRUSDC+0.0834%4h163.62−0.042%$47K$5.4M10xas long as short
GRVT MSTR_USDT_Perp+0.0900%8h163.72+0.021%$80K$838K10xas long as short