Funding arb · Price arb /

MSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Gate+0.120%49s7-day average −0.425% · you sell dearer than you buy

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

Long on Gate Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.220%−$22 on $10k

Price spread, last 7 days−0.162%−$16 · spread now +0.120%, 7d avg −0.425%

Together, before fees−0.382%+ Points / potential airdropVest: Active · farm board−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.545% dearer against Gate than usual: you sell high and buy low: +$55 more if the spread goes back to its 7-day average of −0.425%. Mind the row above: over the last 4 days funding on this pair cost −0.220%, so the current rate has only just turned in your favour. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSTR_USDT	166.20	0	get 0.0000% / 8h	5h 47m	$4.9M	$17.6M	50x
Short	Vest MSTR-USD-PERP	166.40	0.0046	get 0.0006% / 1h	47m 32s	—	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now +0.120%Rate

Funding earned: $9.59
Price spread: +0.120% → −0.425%: $54.54
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: $47.13
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Gate: live order book, 4 min ago; Vest: 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, 4 min ago	3.01 bp	17.6 bp −$18	43.1 bp −$431	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 exchanges

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
Injective MSTR/USDC PERP	−0.0263%	1h	165.22	−0.590%	$7K	$28K	30x	as long as short
Gate MSTR_USDTlong	0.0000%	8h	166.20	long leg	$4.9M	$17.6M	50x
Bitget MSTRUSDT	0.0000%	8h	166.19	−0.006%	$32.0M	$105.2M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.29	+0.054%	$2.8M	$86K	10x	as long as short
Lighter MSTR	+0.0032%	1h	166.16	−0.024%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	166.06	−0.086%	$509K	$1.8M	10x	as long as short
Vest MSTR-USD-PERPshort	+0.0046%	1h	166.40	+0.120%	—	$1.7M	25x
QFEX MSTR-USD	+0.0050%	1h	166.17	−0.018%	$1.3M	$6.1M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.22	+0.012%	$384K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	166.27	+0.042%	$44K	$3K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.96	−0.144%	$875K	$3.3M	10x	as long as short
Nado MSTR-PERP	+0.0057%	1h	166.18	−0.015%	$127K	$127K	3x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0072%	1h	165.78	−0.253%	$1.4M	$364K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	166.25	+0.028%	$102K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.19	−0.006%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.16	−0.024%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.27	+0.042%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.32	+0.074%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0118%	8h	166.20	0.000%	$66	—	5x	as long as short
Bybit MSTRUSDT	+0.0211%	8h	166.20	0.000%	$17.1M	$37.9M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0211%	1h	166.18	−0.012%	$54.9M	$34.4M	10x	as long as short
Aster MSTRUSDT	+0.0280%	8h	166.19	−0.006%	$1.8M	$7.0M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0297%	8h	166.18	−0.012%	$21.6M	$83.4M	50x	as long as short
Phoenix MSTR	+0.0322%	1h	166.49	+0.174%	$56K	$213K	10x	as long as short
Variational Omni MSTR	+0.0364%	8h	166.38	+0.110%	$1.2M	$1.7M	—	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0412%	1h	166.27	+0.042%	$283K	$209K	10x	as long as short
RISEx MSTR/USDC	+0.0436%	1h	166.23	+0.018%	$274K	$350K	10x	as long as short
Binance MSTRUSDT	+0.0466%	8h	166.14	−0.036%	$87.1M	$534.9M	50x	as long as short
BloFin MSTR-USDT	+0.0591%	8h	166.32	+0.072%	$1.1M	$2.0M	20x	as long as short
GRVT MSTR_USDT_Perp	+0.0608%	8h	166.43	+0.139%	$87K	$855K	10x	as long as short
edgeX MSTRUSDC	+0.0734%	4h	166.28	+0.050%	$48K	$4.9M	10x	as long as short
Arcus MSTR-USD	+0.0824%	1h	166.25	+0.030%	$26K	$71K	10x	as long as short