Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h −0.051%

Price spread now: Aevo against BloFin+0.279%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Aevo

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 +$1 a day on $10k at the current rate, and Aevo is 0.279% dearer against BloFin than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSTR-USDT	168.87	0.0075	pay 0.0075% / 8h	7h 50m	$1.1M	$1.9M	20x
Short	Aevo MSTR-PERP	169.34	0.0104	get 0.0013% / 1h	50m 43s	$141	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now +0.279%Rate

Funding earned: $6.12
Price spread: +0.279% → 0.000%: $27.91
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: $6.03
Costs to cover: 0.280%
Break-even: 0.1 days

Slippage unknown: BloFin: live order book, 2 min ago; Aevo: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 2 min ago	0.89 bp	7.3 bp −$7	10.5 bp −$105	24.7 bp −$2,467	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MSTR-PERP	−0.0089%	1h	168.74	−0.079%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.97	+0.060%	$1.2M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	168.96	+0.053%	$15.2M	$39.7M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.99	+0.071%	$21.9M	$103.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.96	+0.053%	$4.7M	$18.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	169.01	+0.083%	$28.6M	$115.2M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.96	+0.053%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.96	+0.053%	$2.9M	$66K	10x	as long as short
Lighter MSTR	+0.0032%	1h	168.87	0.000%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.86	−0.006%	$579K	$1.7M	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	+0.0035%	1h	168.88	+0.006%	$1.4M	$10.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	169.21	+0.201%	$27K	$119K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.02	+0.089%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.86	−0.006%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.91	+0.024%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.84	−0.018%	$747K	$5.0M	10x	as long as short
Binance MSTRUSDT	+0.0073%	8h	168.98	+0.065%	$89.3M	$622.1M	50x	as long as short
BloFin MSTR-USDTlong	+0.0075%	8h	168.87	long leg	$1.1M	$1.9M	20x
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.071%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0092%	8h	168.91	+0.024%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.94	+0.043%	$104K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.93	+0.036%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.05	+0.107%	$4K	$207K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.96	+0.053%	$3K	$8K	10x	as long as short
Aevo MSTR-PERPshort	+0.0104%	1h	169.34	+0.279%	$141	—	10x
tradeXYZ xyz:MSTR	+0.0156%	1h	168.95	+0.047%	$57.0M	$35.5M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.278%	$8K	$26K	30x	as long as short
GRVT MSTR_USDT_Perp	+0.0256%	8h	169.19	+0.189%	$77K	$859K	10x	as long as short
Phoenix MSTR	+0.0259%	1h	169.17	+0.176%	$57K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.97	+0.062%	$275K	$440K	10x	as long as short
edgeX MSTRUSDC	+0.0465%	4h	169.30	+0.255%	$48K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0579%	1h	169.05	+0.107%	$287K	$438K	10x	as long as short