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

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.006%
Price spread now: Aevo against Coinbase International+0.147%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aevo is 0.147% dearer against Coinbase International than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MSTR-PERP-INTX168.460.0088pay 0.0011% / 1h26m 56s$1.4M$1.1M10x
ShortAevo MSTR-PERP168.710.0104get 0.0013% / 1h26m 56s$14010x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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
$3.36
Price spread: +0.147% → 0.000%
$14.73
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$7.91
Costs to cover
0.260%
Break-even
23.5 days
Slippage unknown: Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 2 min ago5.04 bp10.0 bp −$1014.4 bp −$144doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MSTR-PERP−0.0041%1h168.46−0.002%$139K$90K3xas long as short
Aster MSTRUSDT0.0000%8h168.73+0.161%$1.2M$6.1M50xas long as short
OKX MSTR-USDT-SWAP0.0000%8h168.66+0.119%$21.7M$100.9M50xas long as short
Gate MSTR_USDT0.0000%8h168.65+0.113%$4.7M$18.9M50xas long as short
Bitget MSTRUSDT0.0000%8h168.70+0.142%$28.4M$113.7M25xas long as short
Variational Omni MSTR0.0000%8h168.68+0.130%$1.2M$2.1Mas long as short
GRVT MSTR_USDT_Perp0.0000%8h168.69+0.137%$85K$825K10xas long as short
Phemex MSTRUSDT0.0000%4h168.81+0.208%$2.8M$66K10xas long as short
BloFin MSTR-USDT+0.0028%8h168.61+0.089%$1.1M$1.9M20xas long as short
Binance MSTRUSDT+0.0029%8h168.67+0.126%$88.9M$614.8M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MSTR+0.0032%1h168.61+0.089%$3.6M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h168.51+0.030%$581K$1.8M10xas long as short
QFEX MSTR-USD+0.0035%1h168.58+0.071%$1.4M$9.2M10xas long as short
Arcus MSTR-USD+0.0040%1h168.75+0.172%$27K$117K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h168.70+0.142%$1.8M25xas long as short
Bybit MSTRUSDT+0.0046%8h168.68+0.131%$15.1M$39.2M50xas long as short
Polymarket Perps MSTR-USD+0.0050%1h168.60+0.083%$396K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h168.62+0.095%$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h168.59+0.077%$756K$5.0M10xas long as short
Coinbase International MSTR-PERP-INTXlong+0.0088%1h168.46long leg$1.4M$1.1M10x
Paradex MSTR-USD-PERP+0.0091%8h168.53+0.042%$675xas long as short
Pacifica MSTR+0.0100%1h168.61+0.091%$104K$85K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h168.59+0.077%$2.5M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h168.87+0.243%$4K$204K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h168.72+0.154%$3K$8K10xas long as short
Aevo MSTR-PERPshort+0.0104%1h168.71+0.147%$14010x
tradeXYZ xyz:MSTR+0.0202%1h168.56+0.059%$56.8M$35.4M10xas long as short
Injective MSTR/USDC PERP+0.0235%1h169.34+0.522%$8K$26K30xas long as short
Phoenix MSTR+0.0259%1h168.64+0.104%$56K$384K10xas long as short
RISEx MSTR/USDC+0.0349%1h168.71+0.148%$275K$433K10xas long as short
edgeX MSTRUSDC+0.0424%4h168.75+0.173%$47K$5.5M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0640%1h168.75+0.172%$287K$438K10xas long as short