Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.022%

Price spread now: Ondo Perps against Gate−0.012%7-day average −0.094% · you buy dearer than you sell

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 7 days−0.225%−$23 · spread now −0.012%, 7d avg −0.094%

Together, before fees−0.415%+ Points / potential airdropOndo Perps: Active · farm board−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.081% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.094%. Mind the row above: over the last 7 days funding on this pair cost −0.190%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSTR_USDT	163.00	0	get 0.0000% / 8h	1h 46m	$4.7M	$19.5M	50x
Short	Ondo Perps MSTR-USD.P	162.98	0.0050	get 0.0006% / 1h	46m 19s	$841K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Gate. 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 GatebpFee Ondo PerpsbpOrdersPrice spread, now −0.012%Rate

Funding earned: $10.58
Price spread: −0.012% → −0.094%: $8.14
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$1.28
Costs to cover: 0.200%
Break-even: 7.8 days

Slippage unknown: Gate: live order book, 2 min ago; Ondo Perps: 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 Gate live order book, 2 min ago	0.92 bp	17.4 bp −$17	37.9 bp −$379	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Bitget MSTRUSDT	−0.0885%	8h	163.09	+0.055%	$28.6M	$119.1M	25x	as long as short
Gate MSTR_USDTlong	0.0000%	8h	163.00	long leg	$4.7M	$19.5M	50x
Phemex MSTRUSDT	0.0000%	4h	163.26	+0.160%	$2.7M	$78K	10x	as long as short
edgeX MSTRUSDC	+0.0005%	4h	163.27	+0.163%	$46K	$5.4M	10x	as long as short
Aster MSTRUSDT	+0.0022%	8h	162.90	−0.061%	$1.8M	$8.7M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.66	−0.206%	$501K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.890%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.22	+0.135%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.69	−0.190%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.86	−0.086%	$376K	$2.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	163.02	+0.012%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	162.98	−0.012%	$841K	$3.9M	10x
QFEX MSTR-USD	+0.0057%	1h	162.92	−0.049%	$1.3M	$7.3M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.92	−0.048%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.86	−0.086%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.10	+0.061%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.89	−0.067%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.92	−0.048%	$135	—	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0126%	8h	162.96	−0.025%	$20.7M	$100.4M	50x	as long as short
Variational Omni MSTR	+0.0143%	8h	163.26	+0.158%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0146%	8h	162.87	−0.080%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−0.908%	$1.4M	$1.1M	10x	as long as short
Lighter MSTR	+0.0160%	1h	162.87	−0.080%	$3.5M	$2.0M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0216%	1h	162.86	−0.086%	$54.0M	$37.3M	10x	as long as short
Binance MSTRUSDT	+0.0221%	8h	162.91	−0.055%	$83.6M	$628.3M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0230%	8h	163.31	+0.190%	$79K	$876K	10x	as long as short
Nado MSTR-PERP	+0.0323%	1h	162.75	−0.151%	$130K	$157K	3x	as long as short
Phoenix MSTR	+0.0328%	1h	163.25	+0.152%	$55K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0340%	8h	163.05	+0.031%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0381%	8h	162.96	−0.025%	$16.7M	$41.8M	50x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	162.93	−0.046%	$262K	$437K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0979%	1h	162.91	−0.055%	$277K	$437K	10x	as long as short