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Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.036%
Price spread now: Vest against OKX−0.214%7-day average −0.417% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on OKXShort on Vest
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.016%−$2 on $10k
Price spread, last 7 days+0.186%+$19 · spread now −0.214%, 7d avg −0.417%
Together, before fees+0.170%+ Points / potential airdropVest: Active · farm board+$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.203% dearer against OKX than usual: you sell high and buy low (spread −0.214% now, against its 7-day average of −0.417%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MSTR-USDT-SWAP163.560.0078pay 0.0078% / 8h2h 44m$20.8M$99.7M50x
ShortVest MSTR-USD-PERP163.210.0046get 0.0006% / 1h44m 29s—$1.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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

Funding earned
−$6.69
Price spread: −0.214% → −0.417%
$20.32
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Vest: 1 bp × 2 orders
−$2
Net
$1.63
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: OKX: 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago0.31 bp6.3 bp −$611.1 bp −$111doesn't fitdoesn'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 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
Bitget MSTRUSDT−0.0968%8h163.71+0.092%$27.1M$117.1M25xas long as short
Aster MSTRUSDT0.0000%8h163.55−0.005%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.65+0.055%$4.6M$19.2M50xas long as short
Phemex MSTRUSDT0.0000%4h163.86+0.183%$2.8M$77K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.34−0.131%$596K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.534%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.71+0.092%$26K$109K10xas long as short
Vest MSTR-USD-PERPshort+0.0046%1h163.21−0.214%—$1.7M25x
Polymarket Perps MSTR-USD+0.0050%1h163.49−0.043%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.47−0.055%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h163.35−0.128%$829K$3.9M10xas long as short
QFEX MSTR-USD+0.0054%1h163.54−0.012%$1.4M$7.2M10xas long as short
edgeX MSTRUSDC+0.0054%4h163.77+0.129%$49K$5.4M10xas long as short
OKX MSTR-USDT-SWAPlong+0.0078%8h163.56long leg$20.8M$99.7M50x
RISEx MSTR/USDC+0.0088%1h163.58+0.010%$265K$446K10xas long as short
Pacifica MSTR+0.0100%1h163.56+0.001%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.46−0.061%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.54−0.012%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.52−0.024%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.51−0.032%$136—10xas long as short
Variational Omni MSTR+0.0108%8h163.54−0.014%$1.2M$2.1M—as long as short
Paradex MSTR-USD-PERP+0.0123%8h163.51−0.032%$65—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57+0.006%$1.4M$1.1M10xas long as short
GRVT MSTR_USDT_Perp+0.0174%8h163.74+0.112%$79K$838K10xas long as short
Binance MSTRUSDT+0.0178%8h163.560.000%$85.7M$619.7M50xas long as short
Lighter MSTR+0.0208%1h163.50−0.037%$3.5M$1.9M10xas long as short
BloFin MSTR-USDT+0.0297%8h163.560.000%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0345%8h163.62+0.037%$16.7M$41.2M50xas long as short
tradeXYZ xyz:MSTR+0.0350%1h163.50−0.037%$54.4M$37.1M10xas long as short
Nado MSTR-PERP+0.0355%1h163.39−0.102%$121K$148K3xas long as short
Phoenix MSTR+0.0362%1h163.80+0.146%$56K$226K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0913%1h163.61+0.031%$278K$438K10xas long as short