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Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC−0.0210%/8h= −22.9% APRnext payment −$0.26 per $10,000 · paid last 24h −0.052%
Price spread now: Vest against tradeXYZ−0.049%7-day average −0.343% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on tradeXYZShort on Vest
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.114%−$11 on $10k
Price spread, last 7 days+0.043%+$4 · spread now −0.049%, 7d avg −0.343%
Together, before fees−0.071%+ Points / potential airdroptradeXYZ: Active · Vest: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.294% dearer against tradeXYZ than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.343%): +$29 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MSTR163.810.0255pay 0.0032% / 1h13m 35s$54.6M$37.1M10x
ShortVest MSTR-USD-PERP163.730.0046get 0.0006% / 1h13m 35s—$1.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
−$44
Price spread: −0.049% → −0.343%
$29.45
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Vest: 1 bp × 2 orders
−$2
Net
−$34.55
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: tradeXYZ: live order book, 5 min ago; Vest: 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, 5 min ago0.92 bp10.6 bp −$1113.4 bp −$134doesn't fitdoesn't fit
Sell Vest no order-book sample—————
Vest: 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−0.0948%8h163.98+0.104%$27.2M$116.5M25xas long as short
Aster MSTRUSDT0.0000%8h163.86+0.028%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.92+0.067%$4.6M$19.3M50xas long as short
Phemex MSTRUSDT0.0000%4h163.92+0.067%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.84+0.018%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.69−0.070%$601K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.376%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h164.02+0.128%$26K$110K10xas long as short
OKX MSTR-USDT-SWAP+0.0045%8h163.85+0.024%$20.7M$99.0M50xas long as short
Vest MSTR-USD-PERPshort+0.0046%1h163.73−0.049%—$1.7M25x
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.82+0.006%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.82+0.006%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.64−0.104%$849K$4.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.84+0.018%$1.4M$7.3M10xas long as short
Paradex MSTR-USD-PERP+0.0069%8h163.85+0.022%$66—5xas long as short
Pacifica MSTR+0.0100%1h163.83+0.013%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.83+0.012%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h164.00+0.116%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.85+0.024%$4K$8K10xas long as short
Variational Omni MSTR+0.0100%8h163.92+0.065%$1.2M$2.1M—as long as short
Aevo MSTR-PERP+0.0104%1h163.85+0.023%$136—10xas long as short
Binance MSTRUSDT+0.0160%8h163.85+0.021%$86.0M$619.0M50xas long as short
GRVT MSTR_USDT_Perp+0.0166%8h164.12+0.191%$76K$826K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.84+0.018%$1.4M$1.1M10xas long as short
RISEx MSTR/USDC+0.0231%1h163.86+0.031%$266K$445K10xas long as short
Nado MSTR-PERP+0.0247%1h163.70−0.070%$121K$148K3xas long as short
tradeXYZ xyz:MSTRlong+0.0255%1h163.81long leg$54.6M$37.1M10x
BloFin MSTR-USDT+0.0283%8h163.94+0.079%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0316%8h163.85+0.024%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h164.09+0.173%$56K$226K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0667%1h163.80−0.006%$279K$438K10xas long as short
edgeX MSTRUSDC+0.0956%4h164.10+0.176%$48K$5.4M10xas long as short