Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.043%

Price spread now: Gate against Binance+0.012%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 2 days (all we have)+0.048%+$5 · spread now +0.012%, 7d avg −0.016%

Together, before fees+0.249%+$25 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: Gate is 0.027% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSTRUSDT	169.17	0	get 0.0000% / 8h	1h 15m	$89.3M	$628.8M	50x
Short	Gate MSTR_USDT	169.19	0	get 0.0000% / 8h	1h 15m	$4.8M	$19.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.016%: $2.73
Slippage, 4 orders: −$13.94
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.2
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Gate: live order book, 3 min ago.

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 Binance live order book, 13 min ago	0.30 bp	5.9 bp −$6	8.6 bp −$86	21.7 bp −$2,166	114.5 bp −$57.3K
Sell Gate live order book, 3 min ago	1.18 bp	12.9 bp −$13	35.3 bp −$353	doesn't fit	doesn't fit

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
Nado MSTR-PERP	−0.0070%	1h	169.18	+0.008%	$139K	$97K	3x	as long as short
BloFin MSTR-USDT	−0.0019%	8h	169.32	+0.089%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.18	+0.006%	$1.2M	$6.2M	50x	as long as short
Binance MSTRUSDTlong	0.0000%	8h	169.17	long leg	$89.3M	$628.8M	50x
OKX MSTR-USDT-SWAP	0.0000%	8h	169.24	+0.041%	$22.1M	$106.8M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.22	+0.030%	$276K	$442K	10x	as long as short
Gate MSTR_USDTshort	0.0000%	8h	169.19	+0.012%	$4.8M	$19.4M	50x
Variational Omni MSTR	0.0000%	8h	169.35	+0.109%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.35	+0.109%	$83K	$889K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.26	+0.053%	$2.9M	$62K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.17	0.000%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.10	−0.041%	$585K	$1.8M	10x	as long as short
Bitget MSTRUSDT	+0.0034%	8h	169.13	−0.024%	$28.8M	$119.4M	25x	as long as short
QFEX MSTR-USD	+0.0042%	1h	169.20	+0.018%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.35	+0.106%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.26	+0.053%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.22	+0.030%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.25	+0.047%	$781K	$5.1M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.66	−0.301%	$1.5M	$1.2M	10x	as long as short
Bybit MSTRUSDT	+0.0064%	8h	169.19	+0.012%	$15.2M	$40.5M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0082%	8h	169.15	−0.010%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0094%	1h	169.18	+0.006%	$57.0M	$37.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.18	+0.004%	$104K	$105K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.14	−0.018%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.15	−0.012%	$4K	$481K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.30	+0.077%	$3K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.26	+0.054%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.34	+0.098%	$57K	$394K	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.32	+0.089%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0348%	4h	169.33	+0.096%	$48K	$5.5M	10x	as long as short
Arcus MSTR-USD	+0.0457%	1h	169.28	+0.065%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0459%	1h	169.31	+0.083%	$288K	$439K	10x	as long as short