Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.036%

Price spread now: OKX against Vest+0.036%7-day average +0.913% · you sell dearer than you buy

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

Long on Vest Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 3 days (all we have)−0.283%−$28 · spread now +0.036%, 7d avg +0.913%

Together, before fees−0.264%+ Points / potential airdropVest: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.878% cheaper against Vest than usual: you would sell low and buy high (−$88 if the spread goes back to its 7-day average of +0.913%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSTR-USD-PERP	168.69	0.0046	pay 0.0006% / 1h	29m 49s	—	$1.8M	25x
Short	OKX MSTR-USDT-SWAP	168.75	0	get 0.0000% / 8h	7h 29m	$21.7M	$101.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Vest. 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 VestbpFee OKXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$9.59
Price spread: +0.036% → +0.913%: −$87.77
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: −$109.36
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; OKX: live order book, 4 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 Vest no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	0.30 bp	7.9 bp −$8	13.6 bp −$136	64.6 bp −$6,456	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MSTR-PERP	−0.0045%	1h	168.63	−0.033%	$139K	$90K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.82	+0.076%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAPshort	0.0000%	8h	168.75	+0.036%	$21.7M	$101.2M	50x
Gate MSTR_USDT	0.0000%	8h	168.77	+0.047%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.81	+0.071%	$28.4M	$113.9M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.68	−0.007%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.43	−0.154%	$85K	$825K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.77	+0.047%	$2.8M	$66K	10x	as long as short
BloFin MSTR-USDT	+0.0019%	8h	168.70	+0.006%	$1.1M	$1.9M	20x	as long as short
Lighter MSTR	+0.0032%	1h	168.77	+0.047%	$3.6M	$2.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USD	+0.0032%	1h	168.73	+0.024%	$580K	$1.8M	10x	as long as short
QFEX MSTR-USD	+0.0035%	1h	168.67	−0.012%	$1.4M	$9.3M	10x	as long as short
Binance MSTRUSDT	+0.0037%	8h	168.82	+0.077%	$89.0M	$615.5M	50x	as long as short
Arcus MSTR-USD	+0.0040%	1h	168.59	−0.059%	$27K	$117K	10x	as long as short
Vest MSTR-USD-PERPlong	+0.0046%	1h	168.69	long leg	—	$1.8M	25x
Polymarket Perps MSTR-USD	+0.0050%	1h	168.65	−0.024%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.73	+0.024%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.45	−0.142%	$756K	$5.0M	10x	as long as short
Bybit MSTRUSDT	+0.0076%	8h	168.80	+0.065%	$15.2M	$39.2M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	−0.136%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0093%	8h	168.69	−0.001%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.69	+0.002%	$105K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.71	+0.012%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.29	−0.237%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.75	+0.036%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.73	+0.024%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0212%	1h	168.72	+0.018%	$56.9M	$35.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.385%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.25	−0.264%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.72	+0.018%	$275K	$433K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0521%	1h	168.76	+0.041%	$287K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0958%	4h	168.47	−0.128%	$47K	$5.5M	10x	as long as short