Settings8H · net · $10k
Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Orderly+0.012%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_MSTR_USDC_mythos163.010.0100pay 0.0100% / 8h10m 46s$2K$13K10x
ShortApeX Omni MSTRUSDT163.030.0100get 0.0013% / 1h10m 46s$6K$182K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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
$0
Price spread: +0.012% → 0.000%
$1.23
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$14.77
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 38 min ago. 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 Orderly no order-book sample
Sell ApeX Omni live order book, 38 min ago3.06 bp69.9 bp −$70doesn't fitdoesn't fitdoesn't fit
Orderly: 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−0.0452%8h163.30+0.178%$29.5M$119.1M25xas long as short
Gate MSTR_USDT0.0000%8h163.08+0.043%$4.7M$19.6M50xas long as short
Phemex MSTRUSDT0.0000%4h163.08+0.043%$2.7M$84K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h162.83−0.107%$591K$2.1M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.883%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.11+0.061%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h162.89−0.074%$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h162.96−0.031%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.02+0.006%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h162.85−0.098%$888K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MSTR+0.0056%1h163.09+0.049%$3.5M$2.0M10xas long as short
QFEX MSTR-USD+0.0067%1h162.97−0.025%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0075%8h163.08+0.044%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.00−0.004%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h162.97−0.025%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDTshort+0.0100%1h163.03+0.012%$6K$182K50x
Orderly PERP_MSTR_USDC_mythoslong+0.0100%8h163.01long leg$2K$13K10x
Aevo MSTR-PERP+0.0104%1h163.04+0.017%$13510xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h162.62−0.239%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0139%8h163.07+0.039%$655xas long as short
Nado MSTR-PERP+0.0178%1h162.93−0.050%$125K$165K3xas long as short
Variational Omni MSTR+0.0197%8h163.010.000%$1.2M$2.0Mas long as short
OKX MSTR-USDT-SWAP+0.0200%8h163.15+0.086%$20.8M$99.8M50xas long as short
Binance MSTRUSDT+0.0269%8h163.11+0.062%$83.8M$620.2M50xas long as short
GRVT MSTR_USDT_Perp+0.0270%8h163.12+0.070%$82K$859K10xas long as short
edgeX MSTRUSDC+0.0324%4h162.80−0.131%$46K$5.4M10xas long as short
Phoenix MSTR+0.0357%1h163.17+0.098%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0390%8h162.97−0.025%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0406%8h163.12+0.067%$17.1M$41.7M50xas long as short
tradeXYZ xyz:MSTR+0.0444%1h163.07+0.037%$53.9M$37.7M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0487%1h163.04+0.018%$277K$437K10xas long as short
RISEx MSTR/USDC+0.0493%1h163.08+0.045%$268K$419K10xas long as short