Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.024%

Price spread now: Aster against tradeXYZ+0.070%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.199%−$20 on $10k

Price spread, last 7 days−0.075%−$8 · spread now +0.070%, 7d avg +0.054%

Together, before fees−0.274%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	165.94	0.0268	pay 0.0033% / 1h	15m 03s	$54.8M	$34.7M	10x
Short	Aster MSTRUSDT	166.06	0.0207	get 0.0207% / 8h	6h 15m	$1.8M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$12.81
Price spread: +0.070% → +0.054%: $1.67
Slippage, 4 orders: −$10.36
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$47.5
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; Aster: live order book, 2 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 tradeXYZ live order book, 8 min ago	0.30 bp	9.6 bp −$10	11.8 bp −$118	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.50 bp	6.5 bp −$7	118.1 bp −$1,181	doesn't fit	doesn't fit

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
Gate MSTR_USDT	0.0000%	8h	166.06	+0.072%	$4.9M	$18.4M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.04	+0.060%	$31.9M	$107.3M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.09	+0.090%	$2.8M	$85K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.79	−0.093%	$511K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.27	+0.199%	—	$1.7M	25x	as long as short
Lighter MSTR	+0.0048%	1h	165.98	+0.024%	$3.5M	$1.8M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.07	+0.078%	$383K	$2.4M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	166.04	+0.060%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.97	+0.018%	$882K	$3.3M	10x	as long as short
QFEX MSTR-USD	+0.0076%	1h	166.05	+0.066%	$1.3M	$6.3M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	165.95	+0.005%	$101K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.02	+0.048%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.01	+0.042%	$6K	$162K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.06	+0.072%	$3K	$10K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0101%	8h	166.04	+0.059%	$66	—	5x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.05	+0.064%	$138	—	10x	as long as short
Nado MSTR-PERP	+0.0106%	1h	165.90	−0.027%	$127K	$133K	3x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	165.78	−0.096%	$1.4M	$394K	10x	as long as short
Aster MSTRUSDTshort	+0.0207%	8h	166.06	+0.070%	$1.8M	$7.0M	50x
tradeXYZ xyz:MSTRlong	+0.0268%	1h	165.94	long leg	$54.8M	$34.7M	10x
OKX MSTR-USDT-SWAP	+0.0274%	8h	166.02	+0.048%	$21.6M	$85.8M	50x	as long as short
Bybit MSTRUSDT	+0.0274%	8h	166.03	+0.054%	$17.1M	$38.7M	50x	as long as short
Variational Omni MSTR	+0.0300%	8h	166.06	+0.072%	$1.2M	$1.7M	—	as long as short
Phoenix MSTR	+0.0355%	1h	166.34	+0.238%	$56K	$217K	10x	as long as short
Binance MSTRUSDT	+0.0389%	8h	166.02	+0.048%	$87.0M	$550.3M	50x	as long as short
edgeX MSTRUSDC	+0.0414%	4h	166.27	+0.198%	$50K	$5.1M	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	165.22	−0.434%	$7K	$28K	30x	as long as short
GRVT MSTR_USDT_Perp	+0.0452%	8h	166.25	+0.186%	$78K	$842K	10x	as long as short
BloFin MSTR-USDT	+0.0509%	8h	166.06	+0.072%	$1.1M	$2.0M	20x	as long as short
RISEx MSTR/USDC	+0.0598%	1h	166.08	+0.083%	$274K	$353K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0654%	1h	166.05	+0.066%	$282K	$214K	10x	as long as short
Arcus MSTR-USD	+0.0942%	1h	166.19	+0.151%	$26K	$71K	10x	as long as short