Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.019%

Price spread now: OKX against tradeXYZ+0.091%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.091%, 7d avg +0.074%

Together, before fees−0.137%+ Points / potential airdroptradeXYZ: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: −$2 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	165.36	0.0072	pay 0.0009% / 1h	21m 16s	$55.1M	$36.7M	10x
Short	OKX MSTR-USDT-SWAP	165.51	0.0000	get 0.0000% / 8h	5h 21m	$20.8M	$100.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$15.16
Price spread: +0.091% → +0.074%: $1.68
Slippage, 4 orders: −$3.3
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$44.78
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; OKX: live order book, 3 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	0.30 bp	9.6 bp −$10	11.6 bp −$116	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.30 bp	6.5 bp −$6	12.7 bp −$127	67.0 bp −$6,705	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
Bitget MSTRUSDT	−0.1086%	8h	165.58	+0.133%	$27.6M	$114.6M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	165.42	+0.033%	$1.9M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	165.52	+0.097%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.48	+0.073%	$2.8M	$72K	10x	as long as short
OKX MSTR-USDT-SWAPshort	0.0000%	8h	165.51	+0.091%	$20.8M	$100.2M	50x
Variational Omni MSTR	+0.0031%	8h	165.03	−0.199%	$1.2M	$2.1M	—	as long as short
Lighter MSTR	+0.0032%	1h	165.44	+0.048%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.36	0.000%	$598K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.407%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.31	−0.030%	$27K	$112K	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	165.59	+0.139%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.46	+0.060%	$384K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.13	−0.139%	$882K	$4.2M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	165.49	+0.079%	$1.4M	$7.6M	10x	as long as short
tradeXYZ xyz:MSTRlong	+0.0072%	1h	165.36	long leg	$55.1M	$36.7M	10x
Pacifica MSTR	+0.0100%	1h	165.44	+0.051%	$101K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.46	+0.060%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.15	−0.127%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.51	+0.091%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.50	+0.084%	$137	—	10x	as long as short
Binance MSTRUSDT	+0.0105%	8h	165.48	+0.075%	$88.5M	$618.3M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0142%	8h	165.45	+0.057%	$66	—	5x	as long as short
SoDEX MSTR-USD	+0.0154%	1h	165.48	+0.073%	$44K	$3K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0165%	8h	165.26	−0.061%	$75K	$763K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.09	−0.768%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0222%	1h	165.39	+0.020%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0223%	8h	165.29	−0.042%	$1.0M	$2.0M	20x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	165.54	+0.111%	$271K	$447K	10x	as long as short
Phoenix MSTR	+0.0336%	1h	165.44	+0.046%	$56K	$227K	10x	as long as short
Bybit MSTRUSDT	+0.0350%	8h	165.60	+0.145%	$17.2M	$40.6M	50x	as long as short
edgeX MSTRUSDC	+0.0638%	4h	165.09	−0.164%	$50K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0778%	1h	165.56	+0.121%	$282K	$438K	10x	as long as short