Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0097%/8h= −10.7% APRpaid last 24h −0.031%

Price spread now: Pacifica against Binance−0.012%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−1.039%−$104 · spread now −0.012%, 7d avg −0.070%

Together, before fees−0.993%+ Points / potential airdropPacifica: Active · farm board−$99 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.059% dearer against Binance than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.070%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSTRUSDT	162.32	0.0197	pay 0.0197% / 8h	2h 30m	$84.2M	$625.6M	50x
Short	Pacifica MSTR	162.30	0.0100	get 0.0013% / 1h	30m 42s	$99K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.012%Rate

Funding earned: −$20.47
Price spread: −0.012% → −0.070%: $5.86
Slippage, 4 orders: −$10.79
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$43.4
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Pacifica: live order book, 17 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 Binance live order book, 13 min ago	0.31 bp	5.8 bp −$6	9.4 bp −$94	29.1 bp −$2,906	doesn't fit
Sell Pacifica live order book, 17 min ago	0.67 bp	10.6 bp −$11	doesn't fit	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
Bitget MSTRUSDT	−0.1127%	8h	162.50	+0.109%	$27.0M	$117.8M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	162.32	−0.002%	$1.7M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.41	+0.054%	$4.6M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.98	+0.405%	$2.7M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.14	−0.110%	$514K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.323%	$8K	$26K	30x	as long as short
Vest MSTR-USD-PERP	+0.0037%	1h	162.04	−0.174%	—	$1.8M	25x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.63	+0.189%	$26K	$109K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.30	−0.014%	$375K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.28	−0.027%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.28	−0.027%	$867K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	162.29	−0.020%	$1.4M	$7.2M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	162.33	+0.004%	$263K	$443K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0093%	8h	162.31	−0.008%	$20.4M	$99.7M	50x	as long as short
Pacifica MSTRshort	+0.0100%	1h	162.30	−0.012%	$99K	$84K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	162.26	−0.039%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.29	−0.020%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.32	−0.002%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.45	+0.080%	$135	—	10x	as long as short
Variational Omni MSTR	+0.0124%	8h	162.32	−0.002%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0152%	8h	162.28	−0.025%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	162.54	+0.134%	$1.4M	$1.1M	10x	as long as short
Lighter MSTR	+0.0176%	1h	162.28	−0.027%	$3.4M	$1.9M	10x	as long as short
Binance MSTRUSDTlong	+0.0197%	8h	162.32	long leg	$84.2M	$625.6M	50x
GRVT MSTR_USDT_Perp	+0.0207%	8h	162.62	+0.183%	$79K	$831K	10x	as long as short
BloFin MSTR-USDT	+0.0317%	8h	162.41	+0.054%	$1.0M	$2.1M	20x	as long as short
tradeXYZ xyz:MSTR	+0.0362%	1h	162.26	−0.039%	$54.0M	$37.3M	10x	as long as short
Phoenix MSTR	+0.0362%	1h	162.58	+0.158%	$55K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0372%	8h	162.39	+0.041%	$16.6M	$41.4M	50x	as long as short
Nado MSTR-PERP	+0.0384%	1h	162.30	−0.012%	$130K	$156K	3x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0675%	1h	162.36	+0.023%	$276K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0858%	4h	162.53	+0.129%	$48K	$5.4M	10x	as long as short