Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.058%

Price spread now: Gate against Aster+0.089%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.281%+$28 on $10k

Price spread, last 7 days−0.159%−$16 · spread now +0.089%, 7d avg +0.024%

Together, before fees+0.122%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.065% dearer against Aster than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MSTRUSDT	169.18	0	get 0.0000% / 8h	1h 18m	$1.2M	$6.2M	50x
Short	Gate MSTR_USDT	169.33	0	get 0.0000% / 8h	1h 18m	$4.8M	$19.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aster. 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 AsterbpFee GatebpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → +0.024%: $6.49
Slippage, 4 orders: −$19.34
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.84
Costs to cover: 0.423%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Gate: live order book, 5 min ago.

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 Aster live order book, 5 min ago	1.18 bp	9.4 bp −$9	65.9 bp −$659	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.07 bp	11.2 bp −$11	36.7 bp −$367	doesn't fit	doesn't fit

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	−0.0073%	1h	169.29	+0.064%	$139K	$97K	3x	as long as short
BloFin MSTR-USDT	−0.0026%	8h	169.36	+0.106%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDTlong	0.0000%	8h	169.18	long leg	$1.2M	$6.2M	50x
Binance MSTRUSDT	0.0000%	8h	169.39	+0.124%	$89.4M	$628.9M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.38	+0.118%	$22.1M	$106.9M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.35	+0.103%	$276K	$442K	10x	as long as short
Gate MSTR_USDTshort	0.0000%	8h	169.33	+0.089%	$4.8M	$19.4M	50x
Variational Omni MSTR	0.0000%	8h	169.35	+0.103%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.40	+0.130%	$83K	$889K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.28	+0.059%	$2.9M	$62K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.35	+0.100%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.22	+0.024%	$585K	$1.8M	10x	as long as short
Bitget MSTRUSDT	+0.0035%	8h	169.37	+0.112%	$28.8M	$119.4M	25x	as long as short
QFEX MSTR-USD	+0.0042%	1h	169.36	+0.106%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.43	+0.148%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.35	+0.100%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.30	+0.071%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.25	+0.041%	$782K	$5.1M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.66	−0.307%	$1.5M	$1.2M	10x	as long as short
Bybit MSTRUSDT	+0.0066%	8h	169.38	+0.118%	$15.2M	$40.6M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0083%	8h	169.35	+0.099%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0095%	1h	169.38	+0.118%	$57.1M	$37.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.38	+0.117%	$104K	$105K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.21	+0.018%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.15	−0.018%	$4K	$481K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.33	+0.089%	$3K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.34	+0.094%	$141	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.34	+0.092%	$57K	$394K	10x	as long as short
edgeX MSTRUSDC	+0.0287%	4h	169.42	+0.139%	$48K	$5.5M	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.29	+0.065%	$13K	$22K	30x	as long as short
Arcus MSTR-USD	+0.0457%	1h	169.42	+0.142%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0755%	1h	169.32	+0.083%	$288K	$439K	10x	as long as short