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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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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−0.0459%/8h= −50.3% APRnext payment −$0.57 per $10,000 · paid last 24h −0.049%
Price spread now: Vest against tradeXYZ−0.116%7-day average −0.343% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on tradeXYZShort on Vest
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.122%−$12 on $10k
Price spread, last 7 days+0.215%+$22 · spread now −0.116%, 7d avg −0.343%
Together, before fees+0.094%+ Points / potential airdroptradeXYZ: Active · Vest: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.226% dearer against tradeXYZ than usual: you sell high and buy low (spread −0.116% now, against its 7-day average of −0.343%): +$23 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 4 days (−0.122% in total) that is about 6.5 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.122% in total (about -12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MSTR163.130.0505pay 0.0063% / 1h31m 07s$53.9M$37.6M10x
ShortVest MSTR-USD-PERP162.940.0046get 0.0006% / 1h31m 07s—$1.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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

Funding earned
−$96.39
Price spread: −0.116% → −0.343%
$22.61
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Vest: 1 bp × 2 orders
−$2
Net
−$93.78
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: tradeXYZ: live order book, 8 min ago; Vest: no order-book sample. 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 tradeXYZ live order book, 8 min ago0.61 bp10.1 bp −$1011.9 bp −$119doesn't fitdoesn't fit
Sell Vest no order-book sample—————
Vest: 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−0.0399%8h163.29+0.098%$29.4M$119.1M25xas long as short
Gate MSTR_USDT0.0000%8h163.19+0.037%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.17+0.025%$2.7M$83K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h162.91−0.138%$501K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.807%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.33+0.123%$26K$113K10xas long as short
Vest MSTR-USD-PERPshort+0.0046%1h162.94−0.116%—$1.8M25x
Polymarket Perps MSTR-USD+0.0050%1h163.08−0.031%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.07−0.037%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h162.98−0.092%$902K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0067%1h163.130.000%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0079%8h163.11−0.011%$1.8M$8.7M50xas long as short
Lighter MSTR+0.0088%1h163.08−0.031%$3.5M$2.0M10xas long as short
Pacifica MSTR+0.0100%1h163.17+0.023%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.09−0.025%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.04−0.055%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.12−0.006%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.13−0.003%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h162.98−0.092%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0164%8h163.07−0.038%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0202%8h163.14+0.006%$20.8M$99.8M50xas long as short
Variational Omni MSTR+0.0203%8h163.25+0.076%$1.2M$2.0M—as long as short
Nado MSTR-PERP+0.0251%1h162.94−0.115%$125K$165K3xas long as short
Binance MSTRUSDT+0.0274%8h163.12−0.006%$84.1M$621.4M50xas long as short
GRVT MSTR_USDT_Perp+0.0281%8h163.33+0.123%$85K$836K10xas long as short
Phoenix MSTR+0.0357%1h163.26+0.081%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0394%8h163.11−0.012%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0415%8h163.130.000%$17.1M$41.7M50xas long as short
RISEx MSTR/USDC+0.0493%1h163.15+0.012%$265K$417K10xas long as short
tradeXYZ xyz:MSTRlong+0.0505%1h163.13long leg$53.9M$37.6M10x
edgeX MSTRUSDC+0.0959%4h163.15+0.015%$46K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1039%1h163.16+0.018%$277K$437K10xas long as short