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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 04:00 UTC+0.0236%/8h= +25.8% APRnext payment +$0.29 per $10,000 · paid last 24h +0.053%
Price spread now: Phoenix against Aevo+0.163%66s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on AevoShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.163% dearer against Aevo than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo MSTR-PERP163.690.0104pay 0.0013% / 1h22m 05s$136—10x
ShortPhoenix MSTR163.950.0340get 0.0042% / 1h22m 05s$56K$226K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Aevo. 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
$49.54
Price spread: +0.163% → 0.000%
$16.34
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$42.88
Costs to cover
0.230%
Break-even
0.9 days
Slippage unknown: Aevo: no order-book sample; Phoenix: live order book, 28 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 Aevo no order-book sample—————
Sell Phoenix live order book, 28 min ago3.65 bp11.4 bp −$1123.7 bp −$237doesn't fitdoesn't fit
Aevo: 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−0.0941%8h164.03+0.210%$27.2M$116.2M25xas long as short
Aster MSTRUSDT0.0000%8h163.70+0.010%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.79+0.064%$4.6M$19.1M50xas long as short
Phemex MSTRUSDT0.0000%4h163.73+0.027%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.66−0.016%$3.5M$1.9M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.58−0.061%$589K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.454%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.98+0.180%$26K$110K10xas long as short
OKX MSTR-USDT-SWAP+0.0045%8h163.73+0.027%$20.7M$98.8M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.51−0.107%—$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.63−0.034%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.72+0.021%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.50−0.113%$867K$3.9M10xas long as short
Paradex MSTR-USD-PERP+0.0064%8h163.64−0.028%$65—5xas long as short
QFEX MSTR-USD+0.0067%1h163.65−0.022%$1.4M$7.3M10xas long as short
Pacifica MSTR+0.0100%1h163.71+0.014%$100K$84K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.65−0.022%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.88+0.119%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.67−0.010%$4K$8K10xas long as short
Aevo MSTR-PERPlong+0.0104%1h163.69long leg$136—10x
Variational Omni MSTR+0.0106%8h163.95+0.164%$1.2M$2.1M—as long as short
Binance MSTRUSDT+0.0166%8h163.67−0.011%$86.4M$617.4M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.88+0.119%$1.4M$1.1M10xas long as short
GRVT MSTR_USDT_Perp+0.0171%8h164.00+0.192%$75K$825K10xas long as short
RISEx MSTR/USDC+0.0231%1h163.71+0.014%$265K$445K10xas long as short
Nado MSTR-PERP+0.0258%1h163.54−0.086%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0259%1h163.71+0.015%$54.5M$37.1M10xas long as short
BloFin MSTR-USDT+0.0288%8h163.84+0.094%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0325%8h163.75+0.039%$16.6M$41.1M50xas long as short
Phoenix MSTRshort+0.0340%1h163.95+0.163%$56K$226K10x
Deribit MSTR_USDC-PERPETUAL+0.0606%1h163.72+0.021%$278K$438K10xas long as short
edgeX MSTRUSDC+0.0656%4h163.98+0.182%$49K$5.3M10xas long as short