Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.016%

Price spread now: KuCoin 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

Long on Orderly Short on KuCoin

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MSTR_USDC_mythos	168.57	0.0100	pay 0.0100% / 8h	4h 21m	$3K	$12K	10x
Short	KuCoin MSTRUSDTM	168.59	0.0100	get 0.0100% / 8h	4h 21m	$2.6M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee OrderlybpFee KuCoinbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → 0.000%: $1.19
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$16.81
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 10 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 10 min ago	2.38 bp	37.1 bp −$37	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MSTR-PERP	−0.0086%	1h	168.50	−0.039%	$126K	$184K	3x	as long as short
RISEx MSTR/USDC	0.0000%	1h	168.57	+0.003%	$291K	$470K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.52	−0.030%	$4.8M	$19.0M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.55	−0.012%	$2.9M	$49K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0007%	8h	168.55	−0.009%	$78K	$918K	10x	as long as short
Lighter MSTR	+0.0032%	1h	168.59	+0.012%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.47	−0.062%	$579K	$2.0M	10x	as long as short
Variational Omni MSTR	+0.0033%	8h	168.18	−0.229%	$1.2M	$2.4M	—	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.79	+0.131%	—	$2.0M	25x	as long as short
QFEX MSTR-USD	+0.0047%	1h	168.56	−0.006%	$1.5M	$10.0M	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	168.56	−0.006%	$412K	$2.4M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.60	+0.018%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.61	+0.024%	$785K	$4.8M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0064%	8h	168.56	−0.008%	$67	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0064%	1h	167.85	−0.427%	$1.5M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0071%	1h	168.51	−0.036%	$58.1M	$34.8M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0091%	8h	168.61	+0.024%	$22.5M	$104.9M	50x	as long as short
Binance MSTRUSDT	+0.0099%	8h	168.55	−0.009%	$89.2M	$609.2M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	168.52	−0.030%	$103K	$152K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	168.59	+0.012%	$2.6M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	168.55	−0.012%	$4K	$1.3M	50x	as long as short
Orderly PERP_MSTR_USDC_mythoslong	+0.0100%	8h	168.57	long leg	$3K	$12K	10x
Aevo MSTR-PERP	+0.0104%	1h	168.60	+0.017%	$140	—	10x	as long as short
Aster MSTRUSDT	+0.0105%	8h	168.51	−0.033%	$1.3M	$6.1M	50x	as long as short
Injective MSTR/USDC PERP	+0.0177%	1h	167.72	−0.504%	$12K	$22K	30x	as long as short
Bitget MSTRUSDT	+0.0189%	8h	168.55	−0.012%	$28.8M	$114.4M	25x	as long as short
Phoenix MSTR	+0.0216%	1h	168.61	+0.023%	$54K	$386K	10x	as long as short
BloFin MSTR-USDT	+0.0223%	8h	168.59	+0.012%	$1.1M	$1.7M	20x	as long as short
Bybit MSTRUSDT	+0.0264%	8h	168.63	+0.036%	$15.7M	$40.7M	50x	as long as short
Arcus MSTR-USD	+0.0493%	1h	168.67	+0.059%	$27K	$125K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0521%	1h	168.65	+0.047%	$287K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0605%	4h	168.59	+0.014%	$49K	$5.3M	10x	as long as short