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 07:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.034%
Price spread now: Coinbase International against Phemex−1.175%7-day average −0.133% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on PhemexShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.386%+$39 on $10k
Price spread, last 4 days (all we have)+1.199%+$120 · spread now −1.175%, 7d avg −0.133%
Together, before fees+1.585%+$158 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 1.041% cheaper against Phemex than usual: you would sell low and buy high (spread −1.175% now, against its 7-day average of −0.133%). If the spread goes back, that is −$104 on $10k: about 26 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex MSTRUSDT163.440get 0.0000% / 4h51m 18s$2.8M$81K10x
ShortCoinbase International MSTR-PERP-INTX161.520.0136get 0.0017% / 1h51m 18s$1.4M$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Phemex. 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
$28.56
Price spread: −1.175% → −0.133%
−$104.14
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$97.58
Costs to cover
0.220%
Break-even
30.9 days
Slippage unknown: Phemex: live order book, 2 min ago; Coinbase International: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 2 min ago3.37 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 2 min ago4.90 bp10.6 bp −$1114.2 bp −$142doesn'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−0.0556%8h163.58+0.086%$29.2M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h163.59+0.092%$4.7M$19.4M50xas long as short
Phemex MSTRUSDTlong0.0000%4h163.44long leg$2.8M$81K10x
Extended MSTR_24_5-USD+0.0032%1h163.38−0.037%$502K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.610%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.52+0.049%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.35−0.055%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.50+0.037%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.33−0.067%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.13−0.190%$857K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0067%1h163.53+0.055%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0069%8h163.36−0.048%$1.8M$8.7M50xas long as short
Lighter MSTR+0.0096%1h163.43−0.006%$3.5M$2.0M10xas long as short
Pacifica MSTR+0.0100%1h163.56+0.073%$100K$88K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.40−0.024%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.14−0.184%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.47+0.018%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.47+0.016%$136—10xas long as short
Coinbase International MSTR-PERP-INTXshort+0.0136%1h161.52−1.175%$1.4M$1.1M10x
Paradex MSTR-USD-PERP+0.0175%8h163.44+0.002%$65—5xas long as short
Variational Omni MSTR+0.0193%8h163.27−0.101%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0194%8h163.46+0.012%$20.8M$99.9M50xas long as short
edgeX MSTRUSDC+0.0253%4h163.31−0.082%$46K$5.4M10xas long as short
Binance MSTRUSDT+0.0266%8h163.53+0.055%$84.2M$623.6M50xas long as short
GRVT MSTR_USDT_Perp+0.0277%8h163.49+0.031%$85K$849K10xas long as short
Phoenix MSTR+0.0357%1h163.49+0.032%$56K$223K10xas long as short
Nado MSTR-PERP+0.0382%1h163.32−0.071%$130K$157K3xas long as short
BloFin MSTR-USDT+0.0384%8h163.34−0.061%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0417%8h163.53+0.055%$17.1M$41.7M50xas long as short
RISEx MSTR/USDC+0.0493%1h163.56+0.073%$266K$425K10xas long as short
tradeXYZ xyz:MSTR+0.0552%1h163.55+0.067%$54.1M$37.8M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1160%1h163.40−0.024%$278K$437K10xas long as short