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% APRpaid last 24h +0.010%
Price spread now: OKX against SoDEX+0.043%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SoDEXShort on OKX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.043% dearer against SoDEX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX MSTR-USD163.090.0050pay 0.0006% / 1h6m 11s$43K$3K10x
ShortOKX MSTR-USDT-SWAP163.160.0200get 0.0200% / 8h6m 11s$20.8M$99.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against SoDEX. 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
$31.53
Price spread: +0.043% → 0.000%
$4.29
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
$17.82
Costs to cover
0.180%
Break-even
3.0 days
Slippage unknown: SoDEX: no order-book sample; OKX: live order book, 3 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 SoDEX no order-book sample—————
Sell OKX live order book, 3 min ago0.31 bp7.3 bp −$713.5 bp −$13580.8 bp −$8,083doesn't fit
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0435%8h163.31+0.135%$29.5M$119.2M25xas long as short
Gate MSTR_USDT0.0000%8h163.20+0.067%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.16+0.043%$2.7M$84K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h162.99−0.061%$589K$2.1M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.832%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.14+0.031%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h162.91−0.110%—$1.8M25xas long as short
Lighter MSTR+0.0048%1h163.090.000%$3.5M$2.0M10xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.06−0.018%$377K$2.7M10xas long as short
SoDEX MSTR-USDlong+0.0050%1h163.09long leg$43K$3K10x
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h162.97−0.074%$879K$3.7M10xas long as short
QFEX MSTR-USD+0.0067%1h163.090.000%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0074%8h163.14+0.032%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.08−0.008%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.06−0.018%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h162.94−0.092%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.17+0.049%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.17+0.051%$135—10xas long as short
Paradex MSTR-USD-PERP+0.0132%8h163.01−0.047%$65—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h162.62−0.288%$1.4M$1.1M10xas long as short
Nado MSTR-PERP+0.0167%1h163.04−0.033%$125K$165K3xas long as short
Variational Omni MSTR+0.0197%8h163.01−0.049%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAPshort+0.0200%8h163.16+0.043%$20.8M$99.8M50x
GRVT MSTR_USDT_Perp+0.0266%8h163.09−0.002%$82K$859K10xas long as short
Binance MSTRUSDT+0.0267%8h163.16+0.045%$83.9M$620.4M50xas long as short
Phoenix MSTR+0.0357%1h163.28+0.116%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0388%8h163.03−0.037%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0400%8h163.090.000%$17.1M$41.7M50xas long as short
tradeXYZ xyz:MSTR+0.0426%1h163.13+0.025%$53.9M$37.7M10xas long as short
RISEx MSTR/USDC+0.0493%1h163.16+0.046%$268K$419K10xas long as short
edgeX MSTRUSDC+0.0541%4h163.03−0.038%$46K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0547%1h163.17+0.049%$277K$437K10xas long as short