Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.073%

Price spread now: Gate against Pacifica−0.024%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.024%, 7d avg +0.015%

Together, before fees+0.327%+ Points / potential airdropPacifica: Active · farm board+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.038% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.149%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MSTR	169.44	0.0100	pay 0.0013% / 1h	8m 18s	$104K	$121K	10x
Short	Gate MSTR_USDT	169.40	0	get 0.0000% / 8h	2h 08m	$4.8M	$19.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Pacifica. 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 PacificabpFee GatebpOrdersPrice spread, now −0.024%Rate

Funding earned: −$21
Price spread: −0.024% → +0.015%: −$3.83
Slippage, 4 orders: −$42.64
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$90.48
Costs to cover: 0.656%
Break-even: never at this rate

Slippage from Pacifica: live order book, 14 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 Pacifica live order book, 14 min ago	0.03 bp	5.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.84 bp	26.3 bp −$26	47.2 bp −$472	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	−0.0068%	1h	169.35	−0.054%	$139K	$98K	3x	as long as short
BloFin MSTR-USDT	−0.0027%	8h	169.57	+0.077%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.41	−0.020%	$1.3M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.49	+0.030%	$88.6M	$630.7M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.42	−0.012%	$22.1M	$107.5M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.47	+0.021%	$277K	$446K	10x	as long as short
Gate MSTR_USDTshort	0.0000%	8h	169.40	−0.024%	$4.8M	$19.7M	50x
Variational Omni MSTR	0.0000%	8h	169.48	+0.024%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.53	+0.052%	$83K	$948K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.48	+0.024%	$2.9M	$59K	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	169.47	+0.018%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.34	−0.059%	$588K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0039%	1h	169.48	+0.024%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.59	+0.089%	—	$2.1M	25x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	169.11	−0.195%	$1.5M	$1.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.42	−0.012%	$407K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.45	+0.006%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.30	−0.083%	$752K	$5.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0053%	1h	169.42	−0.012%	$56.8M	$38.3M	10x	as long as short
Bitget MSTRUSDT	+0.0069%	8h	169.51	+0.041%	$28.8M	$120.0M	25x	as long as short
Paradex MSTR-USD-PERP	+0.0086%	8h	169.41	−0.017%	$68	—	5x	as long as short
Bybit MSTRUSDT	+0.0089%	8h	169.50	+0.035%	$15.2M	$41.2M	50x	as long as short
Pacifica MSTRlong	+0.0100%	1h	169.44	long leg	$104K	$121K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	169.38	−0.035%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.47	+0.018%	$4K	$856K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.44	0.000%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.43	−0.006%	$141	—	10x	as long as short
Phoenix MSTR	+0.0184%	1h	169.66	+0.132%	$57K	$396K	10x	as long as short
Arcus MSTR-USD	+0.0432%	1h	169.57	+0.077%	$27K	$134K	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	169.61	+0.100%	$13K	$22K	30x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0517%	1h	169.55	+0.065%	$288K	$439K	10x	as long as short
edgeX MSTRUSDC	+0.0635%	4h	169.48	+0.023%	$48K	$5.4M	10x	as long as short