Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
My alerts

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.

Alert: spread
My alerts

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 06:00 UTC+0.0005%/8h= +0.6% APRnext payment +$0.01 per $10,000 · paid last 24h −0.098%
Price spread now: Vest against Arcus−0.195%7-day average −0.767% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ArcusShort on Vest
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)+1.332%+$133 · spread now −0.195%, 7d avg −0.767%
Together, before fees+1.238%+ Points / potential airdropVest: Active · farm board+$124 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: Vest is 0.572% dearer against Arcus than usual: you sell high and buy low, +$57 on $10k if it goes back to its 7-day average of −0.767%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus MSTR-USD163.850.0040pay 0.0005% / 1h48m 14s$26K$109K10x
ShortVest MSTR-USD-PERP163.530.0046get 0.0006% / 1h48m 14s—$1.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Arcus. 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: −0.195% → −0.767%
$57.19
Slippage, 4 orders
no order book: not counted
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Vest: 1 bp × 2 orders
−$2
Net
$51.83
Costs to cover
0.065%
Break-even
from the start
Slippage unknown: Arcus: live order book, 65 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 Arcus live order book, 65 min ago6.07 bp10.0 bp −$1039.7 bp −$397doesn'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−0.0969%8h164.03+0.110%$27.1M$117.0M25xas long as short
Aster MSTRUSDT0.0000%8h163.84−0.009%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.96+0.067%$4.6M$19.2M50xas long as short
Phemex MSTRUSDT0.0000%4h164.05+0.122%$2.8M$77K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.59−0.159%$596K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.351%$8K$26K30xas long as short
Arcus MSTR-USDlong+0.0040%1h163.85long leg$26K$109K10x
Vest MSTR-USD-PERPshort+0.0046%1h163.53−0.195%—$1.7M25x
Polymarket Perps MSTR-USD+0.0050%1h163.82−0.018%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.83−0.012%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h163.71−0.085%$830K$3.9M10xas long as short
QFEX MSTR-USD+0.0054%1h163.81−0.024%$1.4M$7.2M10xas long as short
OKX MSTR-USDT-SWAP+0.0069%8h163.86+0.006%$20.9M$99.8M50xas long as short
RISEx MSTR/USDC+0.0088%1h163.89+0.024%$266K$446K10xas long as short
Pacifica MSTR+0.0100%1h163.85+0.001%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.72−0.079%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.69−0.098%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.850.000%$4K$8K10xas long as short
Variational Omni MSTR+0.0103%8h163.88+0.016%$1.2M$2.1M—as long as short
Aevo MSTR-PERP+0.0104%1h163.87+0.010%$136—10xas long as short
Paradex MSTR-USD-PERP+0.0115%8h163.80−0.032%$66—5xas long as short
GRVT MSTR_USDT_Perp+0.0168%8h163.91+0.036%$79K$838K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.171%$1.4M$1.1M10xas long as short
Binance MSTRUSDT+0.0173%8h163.82−0.018%$85.8M$619.4M50xas long as short
Lighter MSTR+0.0232%1h163.78−0.043%$3.5M$1.9M10xas long as short
BloFin MSTR-USDT+0.0291%8h163.79−0.037%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0335%8h163.89+0.024%$16.7M$41.2M50xas long as short
Nado MSTR-PERP+0.0353%1h163.56−0.178%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0356%1h163.83−0.012%$54.5M$37.1M10xas long as short
Phoenix MSTR+0.0362%1h163.90+0.031%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0496%4h163.67−0.112%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1094%1h163.90+0.031%$279K$438K10xas long as short