Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.017%

Price spread now: BloFin against tradeXYZ+0.055%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.055%, 7d avg +0.056%

Together, before fees−0.079%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	164.43	0.0237	pay 0.0030% / 1h	32m 44s	$54.7M	$36.9M	10x
Short	BloFin MSTR-USDT	164.52	0.0247	get 0.0247% / 8h	4h 32m	$1.0M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against tradeXYZ. 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 tradeXYZbpFee BloFinbpOrdersPrice spread, now +0.055%Rate

Funding earned: $2.08
Price spread: +0.055% → +0.056%: −$0.1
Slippage, 4 orders: −$7.82
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$35.84
Costs to cover: 0.378%
Break-even: 127.6 days

Slippage from tradeXYZ: live order book, 7 min ago; BloFin: 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 tradeXYZ live order book, 7 min ago	0.61 bp	10.6 bp −$11	12.3 bp −$123	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.61 bp	6.7 bp −$7	8.8 bp −$88	18.8 bp −$1,875	51.7 bp −$25.8K

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	−0.0931%	8h	164.65	+0.134%	$27.8M	$115.1M	25x	as long as short
Gate MSTR_USDT	−0.0008%	8h	164.54	+0.067%	$4.6M	$18.6M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.39	−0.022%	$1.8M	$8.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.46	+0.018%	$2.8M	$72K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0001%	8h	164.54	+0.067%	$20.6M	$99.7M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.42	−0.006%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.33	−0.061%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.986%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.50	+0.046%	$267K	$449K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.42	−0.006%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.20	−0.140%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.32	−0.067%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.29	−0.085%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.13	−0.182%	$865K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.26	−0.103%	$1.4M	$7.5M	10x	as long as short
Variational Omni MSTR	+0.0067%	8h	164.09	−0.209%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.46	+0.016%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.35	−0.049%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.24	−0.116%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.35	−0.049%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.35	−0.047%	$136	—	10x	as long as short
Binance MSTRUSDT	+0.0127%	8h	164.50	+0.045%	$87.9M	$618.1M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0136%	8h	164.43	0.000%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0154%	8h	164.35	−0.049%	$78K	$771K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.189%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.20	−0.141%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTRlong	+0.0237%	1h	164.43	long leg	$54.7M	$36.9M	10x
BloFin MSTR-USDTshort	+0.0247%	8h	164.52	+0.055%	$1.0M	$2.0M	20x
Nado MSTR-PERP	+0.0252%	1h	164.15	−0.170%	$121K	$148K	3x	as long as short
Bybit MSTRUSDT	+0.0361%	8h	164.53	+0.061%	$17.0M	$40.7M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0845%	1h	164.52	+0.055%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0934%	4h	164.29	−0.088%	$49K	$5.4M	10x	as long as short