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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0005%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h +0.098%
Price spread now: Arcus against Vest−0.049%7-day average +0.761% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on VestShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.094%+$9 on $10k
Price spread, last 4 days (all we have)−0.893%−$89 · spread now −0.049%, 7d avg +0.761%
Together, before fees−0.799%+ Points / potential airdropVest: Active · farm board−$80 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.810% cheaper against Vest than usual: you would sell low and buy high, −$81 on $10k if it goes back to its 7-day average of +0.761%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest MSTR-USD-PERP163.230.0046pay 0.0006% / 1h25m 34s—$1.8M25x
ShortArcus MSTR-USD163.150.0040get 0.0005% / 1h25m 34s$26K$113K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Vest. 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
−$1.13
Price spread: −0.049% → +0.761%
−$81.01
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$88.65
Costs to cover
0.065%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Arcus: live order book, 17 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 Vest no order-book sample—————
Sell Arcus live order book, 17 min ago7.06 bp12.2 bp −$1231.7 bp −$317doesn't fitdoesn't fit
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−0.0918%8h163.61+0.233%$28.9M$118.8M25xas long as short
Gate MSTR_USDT0.0000%8h163.46+0.141%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.28+0.031%$2.7M$79K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.25+0.012%$508K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.743%$8K$26K30xas long as short
Aster MSTRUSDT+0.0037%8h163.23+0.001%$1.8M$8.7M50xas long as short
Arcus MSTR-USDshort+0.0040%1h163.15−0.049%$26K$113K10x
Vest MSTR-USD-PERPlong+0.0046%1h163.23long leg—$1.8M25x
Polymarket Perps MSTR-USD+0.0050%1h163.22−0.006%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.24+0.006%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h162.83−0.245%$857K$3.9M10xas long as short
QFEX MSTR-USD+0.0057%1h163.41+0.110%$1.3M$7.2M10xas long as short
Pacifica MSTR+0.0100%1h163.36+0.080%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.21−0.012%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h162.98−0.153%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.30+0.043%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.31+0.046%$136—10xas long as short
Lighter MSTR+0.0152%1h163.36+0.080%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.048%$1.4M$1.1M10xas long as short
OKX MSTR-USDT-SWAP+0.0154%8h163.55+0.196%$20.8M$100.6M50xas long as short
Variational Omni MSTR+0.0158%8h163.34+0.065%$1.2M$2.1M—as long as short
Paradex MSTR-USD-PERP+0.0168%8h163.34+0.066%$65—5xas long as short
Binance MSTRUSDT+0.0236%8h163.50+0.168%$84.0M$627.6M50xas long as short
GRVT MSTR_USDT_Perp+0.0248%8h163.15−0.049%$77K$878K10xas long as short
tradeXYZ xyz:MSTR+0.0276%1h163.28+0.031%$54.2M$37.4M10xas long as short
Phoenix MSTR+0.0328%1h162.77−0.281%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0352%8h163.17−0.037%$1.0M$2.1M20xas long as short
Nado MSTR-PERP+0.0359%1h163.33+0.061%$130K$157K3xas long as short
RISEx MSTR/USDC+0.0381%1h163.32+0.055%$265K$428K10xas long as short
Bybit MSTRUSDT+0.0388%8h163.56+0.202%$16.8M$41.8M50xas long as short
edgeX MSTRUSDC+0.0630%4h163.03−0.120%$46K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1160%1h163.37+0.086%$278K$437K10xas long as short