Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0024%/8hpaid last 24h −0.046%

Price spread now: edgeX against OKX−0.198%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 7 days+0.162%+$16 · spread now −0.198%, 7d avg −0.019%

Together, before fees−0.090%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.178% cheaper against OKX than usual: you would sell low and buy high (spread −0.198% now, against its 7-day average of −0.019%). If the spread goes back, that is −$18 on $10k: about 25 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.251%, 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	OKX MSTR-USDT-SWAP	168.33	0.0090	pay 0.0090% / 8h	4h 04m	$22.3M	$105.4M	50x
Short	edgeX MSTRUSDC	168.00	0.0114	get 0.0057% / 4h	4m 45s	$45K	$5.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now −0.198%Rate

Funding earned: $5.03
Price spread: −0.198% → −0.019%: −$17.84
Slippage, 4 orders: −$18.7
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$50.51
Costs to cover: 0.377%
Break-even: 77.3 days

Slippage from OKX: live order book, 4 min ago; edgeX: live order book, 4 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 OKX live order book, 4 min ago	0.89 bp	7.8 bp −$8	13.2 bp −$132	33.6 bp −$3,362	doesn't fit
Sell edgeX live order book, 4 min ago	5.65 bp	10.7 bp −$11	16.9 bp −$169	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	−0.0074%	1h	167.75	−0.344%	$138K	$157K	3x	as long as short
RISEx MSTR/USDC	0.0000%	1h	167.88	−0.266%	$290K	$472K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.18	−0.089%	$4.8M	$19.3M	50x	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.03	−0.179%	$76K	$926K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	167.73	−0.356%	$2.8M	$50K	10x	as long as short
Variational Omni MSTR	+0.0004%	8h	168.00	−0.194%	$1.2M	$2.4M	—	as long as short
Lighter MSTR	+0.0032%	1h	168.47	+0.083%	$3.6M	$2.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	167.85	−0.282%	$578K	$2.0M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	167.85	−0.285%	—	$2.0M	25x	as long as short
QFEX MSTR-USD	+0.0047%	1h	167.78	−0.327%	$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	167.88	−0.267%	$411K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	167.72	−0.362%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	167.67	−0.392%	$783K	$4.7M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0061%	8h	167.79	−0.322%	$67	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0064%	1h	167.85	−0.285%	$1.5M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0076%	1h	168.34	+0.006%	$57.1M	$35.5M	10x	as long as short
Binance MSTRUSDT	+0.0084%	8h	168.31	−0.014%	$88.9M	$613.3M	50x	as long as short
OKX MSTR-USDT-SWAPlong	+0.0090%	8h	168.33	long leg	$22.3M	$105.4M	50x
Aster MSTRUSDT	+0.0091%	8h	167.81	−0.311%	$1.3M	$6.1M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	167.76	−0.338%	$103K	$152K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	167.92	−0.244%	$2.6M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	167.92	−0.244%	$4K	$1.3M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	167.74	−0.351%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	167.69	−0.380%	$139	—	10x	as long as short
edgeX MSTRUSDCshort	+0.0114%	4h	168.00	−0.198%	$45K	$5.3M	10x
Bitget MSTRUSDT	+0.0173%	8h	168.37	+0.024%	$28.9M	$115.5M	25x	as long as short
Injective MSTR/USDC PERP	+0.0177%	1h	168.83	+0.297%	$13K	$22K	30x	as long as short
BloFin MSTR-USDT	+0.0204%	8h	167.80	−0.315%	$1.1M	$1.6M	20x	as long as short
Phoenix MSTR	+0.0216%	1h	168.02	−0.182%	$54K	$386K	10x	as long as short
Bybit MSTRUSDT	+0.0248%	8h	168.29	−0.024%	$15.5M	$41.4M	50x	as long as short
Arcus MSTR-USD	+0.0493%	1h	167.92	−0.244%	$27K	$125K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0525%	1h	167.80	−0.315%	$285K	$438K	10x	as long as short