Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.005%

Price spread now: tradeXYZ against Binance−0.022%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 7 days−0.018%−$2 · spread now −0.022%, 7d avg −0.096%

Together, before fees+0.091%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and tradeXYZ is 0.074% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSTRUSDT	164.01	0.0159	pay 0.0159% / 8h	3h 39m	$86.7M	$615.9M	50x
Short	tradeXYZ xyz:MSTR	163.97	0.0257	get 0.0032% / 1h	39m 19s	$54.6M	$37.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.022%Rate

Funding earned: $20.57
Price spread: −0.022% → −0.096%: $7.36
Slippage, 4 orders: −$4.33
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$4.4
Costs to cover: 0.323%
Break-even: 8.5 days

Slippage from Binance: live order book, 5 min ago; tradeXYZ: live order book, 10 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, 5 min ago	0.30 bp	6.1 bp −$6	9.5 bp −$95	27.1 bp −$2,712	121.7 bp −$60.9K
Sell tradeXYZ live order book, 10 min ago	0.61 bp	10.5 bp −$11	13.6 bp −$136	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	−0.0899%	8h	164.22	+0.130%	$27.8M	$115.5M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.97	−0.023%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.10	+0.057%	$4.6M	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.14	+0.081%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.84	−0.102%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.252%	$8K	$26K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0039%	8h	164.02	+0.008%	$20.6M	$99.3M	50x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.27	+0.160%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.82	−0.114%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.96	−0.029%	$379K	$2.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	164.14	+0.081%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.90	−0.065%	$853K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.03	+0.014%	$1.4M	$7.3M	10x	as long as short
Lighter MSTR	+0.0072%	1h	163.98	−0.016%	$3.5M	$1.9M	10x	as long as short
Variational Omni MSTR	+0.0094%	8h	164.16	+0.091%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.04	+0.020%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.90	−0.065%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.24	+0.142%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.90	−0.065%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.93	−0.047%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.00	−0.001%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0158%	8h	164.17	+0.100%	$75K	$803K	10x	as long as short
Binance MSTRUSDTlong	+0.0159%	8h	164.01	long leg	$86.7M	$615.9M	50x
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.96	−0.029%	$1.4M	$1.1M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.07	+0.039%	$266K	$445K	10x	as long as short
tradeXYZ xyz:MSTRshort	+0.0257%	1h	163.97	−0.022%	$54.6M	$37.0M	10x
Nado MSTR-PERP	+0.0260%	1h	163.90	−0.064%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	164.12	+0.069%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0332%	8h	164.03	+0.014%	$16.7M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.21	+0.125%	$56K	$226K	10x	as long as short
edgeX MSTRUSDC	+0.0742%	4h	164.11	+0.064%	$49K	$5.3M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0847%	1h	164.20	+0.118%	$279K	$438K	10x	as long as short