Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
My alerts

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
My alerts

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−0.0150%/8h= −16.4% APRnext payment −$1.50 per $10,000 · paid last 24h −0.013%
Price spread now: Gate against OKX+0.018%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$450.452% of the position
Long on OKXShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.173%+$17 on $10k
Price spread, last 7 days+0.011%+$1 · spread now +0.018%, 7d avg +0.008%
Together, before fees+0.183%+$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.173%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MSTR-USDT-SWAP163.140.0150pay 0.0150% / 8h1h 27m$20.7M$100.3M50x
ShortGate MSTR_USDT163.170get 0.0000% / 8h1h 27m$4.7M$19.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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
−$31.5
Price spread: +0.018% → +0.008%
$1.07
Slippage, 4 orders
−$20.22
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$75.65
Costs to cover
0.452%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; Gate: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago0.31 bp5.8 bp −$610.0 bp −$10072.8 bp −$7,282doesn't fit
Sell Gate live order book, 2 min ago1.53 bp15.1 bp −$1531.2 bp −$312doesn't fitdoesn't fit

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−0.0940%8h163.32+0.110%$28.7M$118.7M25xas long as short
Gate MSTR_USDTshort0.0000%8h163.17+0.018%$4.7M$19.6M50x
Phemex MSTRUSDT0.0000%4h163.07−0.043%$2.7M$79K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h162.94−0.123%$508K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.800%$8K$26K30xas long as short
Aster MSTRUSDT+0.0036%8h163.09−0.028%$1.8M$8.7M50xas long as short
Arcus MSTR-USD+0.0040%1h162.92−0.135%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h162.69−0.276%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h162.97−0.104%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.07−0.043%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h162.82−0.196%$849K$3.9M10xas long as short
QFEX MSTR-USD+0.0057%1h163.04−0.061%$1.3M$7.2M10xas long as short
Pacifica MSTR+0.0100%1h163.05−0.053%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h162.97−0.104%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h162.70−0.270%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.18+0.025%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.12−0.013%$135—10xas long as short
OKX MSTR-USDT-SWAPlong+0.0150%8h163.14long leg$20.7M$100.3M50x
Variational Omni MSTR+0.0151%8h162.75−0.241%$1.2M$2.1M—as long as short
Lighter MSTR+0.0152%1h163.06−0.049%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−0.993%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0166%8h163.01−0.077%$65—5xas long as short
Binance MSTRUSDT+0.0232%8h163.15+0.006%$83.9M$627.5M50xas long as short
GRVT MSTR_USDT_Perp+0.0242%8h162.87−0.166%$77K$878K10xas long as short
tradeXYZ xyz:MSTR+0.0278%1h163.03−0.067%$54.1M$37.4M10xas long as short
Phoenix MSTR+0.0328%1h162.77−0.226%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0352%8h163.17+0.018%$1.0M$2.1M20xas long as short
Nado MSTR-PERP+0.0354%1h162.89−0.154%$130K$157K3xas long as short
RISEx MSTR/USDC+0.0381%1h163.12−0.012%$264K$428K10xas long as short
Bybit MSTRUSDT+0.0385%8h163.15+0.006%$16.8M$41.8M50xas long as short
edgeX MSTRUSDC+0.0496%4h162.92−0.137%$46K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1039%1h163.12−0.012%$277K$437K10xas long as short