Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h +0.023%

Price spread now: Gate against Vest−0.018%7-day average +0.424% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.223%+$22 on $10k

Price spread, last 7 days+0.054%+$5 · spread now −0.018%, 7d avg +0.424%

Together, before fees+0.276%+ Points / potential airdropVest: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.443% cheaper against Vest than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of +0.424%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.223%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSTR-USD-PERP	163.95	0.0035	pay 0.0004% / 1h	3m 52s	—	$1.8M	25x
Short	Gate MSTR_USDT	163.92	0	get 0.0000% / 8h	2h 03m	$4.7M	$19.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee VestbpFee GatebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$7.34
Price spread: −0.018% → +0.424%: −$44.27
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$68.61
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, 5 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	2.13 bp	17.5 bp −$17	42.0 bp −$420	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	−0.1014%	8h	164.07	+0.073%	$28.4M	$119.0M	25x	as long as short
Gate MSTR_USDTshort	0.0000%	8h	163.92	−0.018%	$4.7M	$19.8M	50x
Phemex MSTRUSDT	0.0000%	4h	163.64	−0.189%	$2.8M	$78K	10x	as long as short
Aster MSTRUSDT	+0.0018%	8h	163.84	−0.067%	$1.8M	$8.7M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.74	−0.131%	$511K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.288%	$8K	$26K	30x	as long as short
Vest MSTR-USD-PERPlong	+0.0035%	1h	163.95	long leg	—	$1.8M	25x
Arcus MSTR-USD	+0.0040%	1h	164.03	+0.049%	$26K	$113K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.89	−0.037%	$378K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.92	−0.018%	$853K	$4.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0054%	1h	163.90	−0.030%	$1.3M	$7.3M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	163.97	+0.012%	$264K	$442K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	163.86	−0.055%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.88	−0.043%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.94	−0.006%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.95	0.000%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.95	−0.003%	$136	—	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0119%	8h	163.87	−0.049%	$20.8M	$101.1M	50x	as long as short
Lighter MSTR	+0.0120%	1h	163.86	−0.055%	$3.5M	$2.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0144%	8h	163.95	+0.002%	$66	—	5x	as long as short
Variational Omni MSTR	+0.0147%	8h	164.18	+0.138%	$1.2M	$2.1M	—	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	161.52	−1.482%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0220%	8h	163.87	−0.050%	$84.1M	$629.1M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0232%	1h	163.81	−0.085%	$54.3M	$37.4M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0236%	8h	164.07	+0.075%	$79K	$854K	10x	as long as short
Nado MSTR-PERP	+0.0333%	1h	163.95	−0.002%	$131K	$157K	3x	as long as short
BloFin MSTR-USDT	+0.0341%	8h	163.97	+0.012%	$1.0M	$2.1M	20x	as long as short
Phoenix MSTR	+0.0362%	1h	163.88	−0.043%	$56K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0372%	8h	163.91	−0.024%	$16.9M	$41.9M	50x	as long as short
SoDEX MSTR-USD	+0.0395%	1h	163.85	−0.061%	$43K	$3K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0421%	1h	163.93	−0.012%	$279K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0838%	4h	164.00	+0.033%	$46K	$5.4M	10x	as long as short