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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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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
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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+0.0319%/8h= +34.9% APRnext payment +$0.40 per $10,000 · paid last 24h +0.031%
Price spread now: tradeXYZ against Aevo−0.001%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on AevoShort on tradeXYZ
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo MSTR-PERP163.310.0104pay 0.0013% / 1h3m 51s$136—10x
ShorttradeXYZ xyz:MSTR163.310.0423get 0.0053% / 1h3m 51s$53.9M$37.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ against Aevo. 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
$66.96
Price spread: −0.001% → 0.000%
−$0.09
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
$32.86
Costs to cover
0.340%
Break-even
3.6 days
Slippage unknown: Aevo: no order-book sample; tradeXYZ: live order book, 6 min ago. 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 Aevo no order-book sample—————
Sell tradeXYZ live order book, 6 min ago0.31 bp9.3 bp −$911.1 bp −$111doesn't fitdoesn't fit
Aevo: 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−0.0421%8h163.48+0.103%$29.5M$119.3M25xas long as short
Gate MSTR_USDT0.0000%8h163.39+0.048%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.34+0.017%$2.7M$84K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.22−0.053%$589K$2.1M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.691%$8K$26K30xas long as short
edgeX MSTRUSDC+0.0036%4h163.01−0.185%$46K$5.4M10xas long as short
Arcus MSTR-USD+0.0040%1h163.25−0.038%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.13−0.111%—$1.8M25xas long as short
Lighter MSTR+0.0048%1h163.30−0.007%$3.5M$2.0M10xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.24−0.044%$377K$2.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0050%1h163.33+0.011%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.20−0.068%$879K$3.7M10xas long as short
QFEX MSTR-USD+0.0067%1h163.30−0.007%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0074%8h163.25−0.037%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.34+0.019%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.19−0.074%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h162.90−0.252%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.31−0.001%$3K$13K10xas long as short
Aevo MSTR-PERPlong+0.0104%1h163.31long leg$136—10x
Paradex MSTR-USD-PERP+0.0134%8h163.35+0.025%$65—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h162.62−0.423%$1.4M$1.1M10xas long as short
Nado MSTR-PERP+0.0166%1h163.25−0.035%$125K$165K3xas long as short
Variational Omni MSTR+0.0196%8h163.14−0.103%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0202%8h163.34+0.017%$20.8M$99.9M50xas long as short
GRVT MSTR_USDT_Perp+0.0263%8h163.05−0.160%$82K$859K10xas long as short
Binance MSTRUSDT+0.0268%8h163.36+0.027%$84.0M$620.6M50xas long as short
Phoenix MSTR+0.0357%1h163.28−0.020%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0387%8h163.22−0.056%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0400%8h163.36+0.030%$17.1M$41.7M50xas long as short
tradeXYZ xyz:MSTRshort+0.0423%1h163.31−0.001%$53.9M$37.7M10x
RISEx MSTR/USDC+0.0493%1h163.35+0.024%$268K$419K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0608%1h163.38+0.042%$278K$437K10xas long as short