Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0133%/8h= +14.5% APRpaid last 24h +0.045%

Price spread now: RISEx against Variational Omni+0.045%7-day average −0.033% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.300%+$30 on $10k

Price spread, last 4 days (all we have)−0.968%−$97 · spread now +0.045%, 7d avg −0.033%

Together, before fees−0.668%+ Points / potential airdropVariational Omni: Active · farm board−$67 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and RISEx is 0.079% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSTR	167.01	0.0326	pay 0.0326% / 8h	4h 08m	$1.2M	$1.6M	—
Short	RISEx MSTR/USDC	167.08	0.0459	get 0.0057% / 1h	8m 44s	$302K	$353K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Variational Omni. 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 Variational OmnibpFee RISExbpOrdersPrice spread, now +0.045%Rate

Funding earned: $27.83
Price spread: +0.045% → −0.033%: $7.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $29.73
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; RISEx: live order book, 33 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 3 min ago	2.99 bp	doesn't fit	15.9 bp −$159	doesn't fit	doesn't fit
Sell RISEx live order book, 33 min ago	0.90 bp	3.9 bp −$4	4.7 bp −$47	doesn't fit	doesn't fit

MSTR on 32 exchanges

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
Extended MSTR_24_5-USD	−0.0312%	1h	166.97	−0.026%	$1.4M	$2.8M	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	167.05	+0.025%	$4.8M	$17.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	167.17	+0.096%	$2.8M	$86K	10x	as long as short
Lighter MSTR	+0.0032%	1h	166.92	−0.053%	$3.6M	$1.7M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	165.22	−1.071%	$7K	$28K	30x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	167.40	+0.234%	—	$1.6M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	167.20	+0.114%	$386K	$2.5M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.99	−0.011%	$822K	$3.3M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	166.95	−0.035%	$1.3M	$5.5M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	166.14	−0.520%	$1.4M	$354K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex MSTR-USD-PERP	+0.0079%	8h	166.92	−0.053%	$67	—	5x	as long as short
Nado MSTR-PERP	+0.0092%	1h	167.17	+0.096%	$145K	$135K	3x	as long as short
SoDEX MSTR-USD	+0.0094%	1h	167.13	+0.072%	$44K	$3K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	166.95	−0.033%	$103K	$66K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	167.06	+0.030%	$2.4M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.99	−0.011%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	167.22	+0.126%	$2K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	167.23	+0.131%	$139	$100	10x	as long as short
Bitget MSTRUSDT	+0.0106%	8h	167.06	+0.030%	$32.1M	$101.8M	25x	as long as short
Bybit MSTRUSDT	+0.0138%	8h	167.04	+0.019%	$16.0M	$38.0M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0171%	1h	166.93	−0.047%	$55.1M	$33.2M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0235%	8h	167.01	+0.001%	$22.1M	$78.6M	50x	as long as short
Aster MSTRUSDT	+0.0239%	8h	167.09	+0.051%	$1.8M	$6.0M	50x	as long as short
Phoenix MSTR	+0.0308%	1h	167.08	+0.041%	$56K	$213K	10x	as long as short
Variational Omni MSTRlong	+0.0326%	8h	167.01	long leg	$1.2M	$1.6M	—
GRVT MSTR_USDT_Perp	+0.0346%	8h	167.11	+0.062%	$85K	$994K	10x	as long as short
Binance MSTRUSDT	+0.0416%	8h	167.09	+0.050%	$87.2M	$509.4M	50x	as long as short
edgeX MSTRUSDC	+0.0430%	4h	167.36	+0.211%	$49K	$4.4M	10x	as long as short
RISEx MSTR/USDCshort	+0.0459%	1h	167.08	+0.045%	$302K	$353K	10x
BloFin MSTR-USDT	+0.0546%	8h	167.25	+0.144%	$1.1M	$1.9M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0708%	1h	167.15	+0.084%	$284K	$171K	10x	as long as short
Arcus MSTR-USD	+0.0803%	1h	167.09	+0.048%	$26K	$67K	10x	as long as short