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−0.0523%/8h= −57.3% APRnext payment −$0.65 per $10,000 · paid last 24h −0.016%
Price spread now: Injective against tradeXYZ+3.477%94s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on tradeXYZShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days−0.172%−$17 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories
The price spread pays, funding is against you. Injective is 3.477% dearer against tradeXYZ than usual: you sell high and buy low (spread +3.477% now, against zero (this spread has no 7-day history yet)): +$348 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 22 days. At the pace of the last 7 days (−0.172% in total) that is about 5 months. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.172% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.65 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MSTR163.650.0557pay 0.0070% / 1h49m 51s$54.1M$37.8M10x
ShortInjective MSTR/USDC PERP169.340.0033get 0.0004% / 1h49m 51s$8K$26K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against tradeXYZ. 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
−$109.9
Price spread: +3.477% → 0.000%
$347.69
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$219.77
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: tradeXYZ: live order book, 9 min ago; Injective: 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 tradeXYZ live order book, 9 min ago0.31 bp9.3 bp −$911.3 bp −$113doesn't fitdoesn't fit
Sell Injective no order-book sample—————
Injective: 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−0.0549%8h163.73+0.049%$29.2M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h163.66+0.006%$4.7M$19.4M50xas long as short
Phemex MSTRUSDT0.0000%4h163.55−0.061%$2.8M$81K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.38−0.168%$502K$2.0M10xas long as short
Injective MSTR/USDC PERPshort+0.0033%1h169.34+3.477%$8K$26K30x
Arcus MSTR-USD+0.0040%1h163.53−0.073%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.29−0.220%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.34−0.189%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.45−0.122%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.21−0.269%$857K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0067%1h163.40−0.153%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0075%8h163.47−0.112%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.44−0.127%$100K$88K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.41−0.147%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.14−0.312%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.48−0.104%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.52−0.082%$136—10xas long as short
Lighter MSTR+0.0112%1h163.54−0.067%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−1.302%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0179%8h163.34−0.190%$65—5xas long as short
Variational Omni MSTR+0.0197%8h163.42−0.139%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0198%8h163.60−0.031%$20.9M$100.0M50xas long as short
edgeX MSTRUSDC+0.0253%4h163.31−0.210%$46K$5.4M10xas long as short
Binance MSTRUSDT+0.0271%8h163.60−0.031%$84.3M$623.1M50xas long as short
GRVT MSTR_USDT_Perp+0.0277%8h163.49−0.098%$85K$849K10xas long as short
Phoenix MSTR+0.0357%1h163.49−0.097%$56K$223K10xas long as short
BloFin MSTR-USDT+0.0386%8h163.45−0.122%$1.0M$2.1M20xas long as short
Nado MSTR-PERP+0.0403%1h163.21−0.267%$130K$157K3xas long as short
Bybit MSTRUSDT+0.0421%8h163.650.000%$17.1M$41.7M50xas long as short
RISEx MSTR/USDC+0.0493%1h163.42−0.140%$266K$425K10xas long as short
tradeXYZ xyz:MSTRlong+0.0557%1h163.65long leg$54.1M$37.8M10x
Deribit MSTR_USDC-PERPETUAL+0.1220%1h163.56−0.055%$278K$437K10xas long as short