Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0100%/8hpaid last 24h −0.074%

Price spread now: Pacifica against Gate−0.008%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 3 days (all we have)−0.073%−$7 · spread now −0.008%, 7d avg −0.015%

Together, before fees−0.222%+ Points / potential airdropPacifica: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.149%, 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	168.00	0	get 0.0000% / 8h	4h 06m	$4.8M	$19.3M	50x
Short	Pacifica MSTR	167.99	0.0100	get 0.0013% / 1h	6m 48s	$103K	$152K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.008%Rate

Funding earned: $21
Price spread: −0.008% → −0.015%: $0.76
Slippage, 4 orders: −$20.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$21.44
Costs to cover: 0.432%
Break-even: 14.1 days

Slippage from Gate: live order book, 1 min ago; Pacifica: live order book, 25 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 Gate live order book, 1 min ago	2.08 bp	16.2 bp −$16	38.9 bp −$389	125.8 bp −$12.6K	doesn't fit
Sell Pacifica live order book, 25 min ago	1.22 bp	11.4 bp −$11	doesn't fit	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	−0.0076%	1h	168.05	+0.031%	$125K	$152K	3x	as long as short
RISEx MSTR/USDC	0.0000%	1h	168.08	+0.046%	$291K	$472K	10x	as long as short
Gate MSTR_USDTlong	0.0000%	8h	168.00	long leg	$4.8M	$19.3M	50x
GRVT MSTR_USDT_Perp	0.0000%	8h	168.48	+0.287%	$76K	$926K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	167.98	−0.012%	$2.8M	$50K	10x	as long as short
Variational Omni MSTR	+0.0014%	8h	168.80	+0.479%	$1.2M	$2.4M	—	as long as short
Lighter MSTR	+0.0032%	1h	168.02	+0.012%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	167.91	−0.051%	$578K	$2.0M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.14	+0.083%	—	$2.0M	25x	as long as short
QFEX MSTR-USD	+0.0047%	1h	168.09	+0.054%	$1.5M	$10.1M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	168.18	+0.107%	$412K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.02	+0.012%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	167.96	−0.024%	$785K	$4.8M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0062%	8h	168.01	+0.008%	$67	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0064%	1h	167.85	−0.089%	$1.5M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0076%	1h	167.76	−0.143%	$56.9M	$35.5M	10x	as long as short
Binance MSTRUSDT	+0.0087%	8h	168.01	+0.006%	$88.7M	$612.7M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0089%	8h	167.86	−0.083%	$22.4M	$105.0M	50x	as long as short
Aster MSTRUSDT	+0.0092%	8h	167.97	−0.017%	$1.3M	$6.1M	50x	as long as short
Pacifica MSTRshort	+0.0100%	1h	167.99	−0.008%	$103K	$152K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	167.97	−0.018%	$2.6M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	167.65	−0.208%	$4K	$1.3M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.08	+0.048%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.04	+0.023%	$139	—	10x	as long as short
edgeX MSTRUSDC	+0.0114%	4h	168.00	−0.002%	$45K	$5.3M	10x	as long as short
Bitget MSTRUSDT	+0.0174%	8h	167.84	−0.095%	$28.8M	$115.3M	25x	as long as short
Injective MSTR/USDC PERP	+0.0177%	1h	168.83	+0.494%	$13K	$22K	30x	as long as short
BloFin MSTR-USDT	+0.0207%	8h	168.14	+0.083%	$1.1M	$1.6M	20x	as long as short
Phoenix MSTR	+0.0216%	1h	168.02	+0.014%	$54K	$386K	10x	as long as short
Bybit MSTRUSDT	+0.0253%	8h	167.97	−0.018%	$15.5M	$41.3M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0464%	1h	168.14	+0.083%	$286K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0493%	1h	168.18	+0.107%	$27K	$125K	10x	as long as short